WEG acquires startups focused on artificial intelligence and computer vision

WEG has announced an agreement to its shareholders and the market to acquire control of startup Mvisia, which specializes in artificial intelligence solutions for computer vision applications in the industry.

According to the agreement, WEG will own 51% of Mvisa's share capital and may increase its participation in the business in the future as stipulated in the agreement.

This acquisition is part of the company's strategy to add new features to WEG digital solutions and IoT WEGnology platform, which has recently been launched to meet the needs of Industry 4.0.

Mvisia was founded in 2012 at the Entrepreneurship and Technological Innovation Center of the University of S ã o Paulo (USP) and is one of the national companies in the field of industrial computer vision. The company has its own visual system and software, strong expertise in embedded processing applications and machine learning algorithms for videos and images, integration with MES systems used in the industry, as well as cloud processing through mobile devices or open integration with WEGnology? Platform.

Carlos Jos é Bastos Grillo, Director of Digital Business at WEG, stated that Mvisia has mature and scalable solutions that are of significant value for monitoring, perceiving, and managing industrial processes through computer vision and artificial intelligence algorithms (machine learning, Python, OpenCV)

"Through this acquisition, we will add a technology to our digital ecosystem that captures, filters, processes, and stores data through images, enabling accurate and real-time information to be sent to the cloud, thereby achieving control over productivity, security, quantity, and other aspects of defects and size, generating automatic insights into quantitative and qualitative attributes of products, and training neural networks with algorithms with specific process behaviors using static or mobile images," Grillo explained.

This is the third acquisition of WEG since the company announced a new digital business structure in June 2019, to accelerate the development of more efficient technologies to achieve sustained growth in Industry 4.0.