KPM Analytics, a Westborough, MA-based Union Park Capital portfolio company, acquired Smart Vision Works, an Orem, UT-based specialized artificial intelligence (AI) technology company providing computer vision systems for agriculture and food industries.
The amount of the deal was not disclosed.
By adding Smart Vision Works technology to its portfolio, KPM offers more options for food quality analysis solutions. The company intends to integrate the Smart Vision Works products into the company’s existing portfolio of vision inspection systems serving the bakery, dairy and protein markets and expand sales throughout the global market using KPM’s extensive sales and service network.
Led by Chris Bryant, President, Smart Vision Works is a company which specializes in computer vision systems developed with advanced artificial intelligence technology for a wide range of customers – from startups to Fortune 500 companies. The company provides tech solutions for inspection, sorting and foreign material detection applications across many food production industries. Its systems quickly and automatically sort products by size and defect, allowing the defective items to be removed from the line. Using artificial intelligence, the foreign material detector is engineered specifically for finding things that simply don’t belong. Once trained, the system can detect virtually any foreign material whether it’s plastic, cardboard, indigenous materials, metal, and even hair. This is essential for food companies to ensure they are protecting their customers and reducing the risk of recalls.
Led by CEO Brian Mitchell, KPM Analytics specializes in scientific instrumentation, focused primarily on analyzing critical parameters within the food, feed, agriculture, and environmental sectors. The company provides a comprehensive range of products and services to uniquely solve our customers’ problems. Its product brands are AMS Alliance, Bruins Instruments, CHOPIN Technologies, EyePro System, Process Sensors, Sensortech, Sightline Process Control, Smart Vision Works, and Unity Scientific.
FinSMEs
13/03/2023