Israeli startup CADY, which is developing an automatic PCB design inspection technology based on artificial intelligence (AI) has raised $3 million, the company announced Monday.
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The current round was led by Teramips Technologies and Udi Peless, the founder and CEO of Friendly Robotics. Peless will now serve as chairman of the board. Other participants included TAU Ventures (Tel Aviv University's Venture Capital, which also invested in CADY at earlier stages), Today Ventures, Aristagora VC, Tal Capital, Atooro, Amit Gilon, Rafi Gidron and other private investors.
Using machine learning algorithms, CADY's software parses the datasheets of all chips and other electrical components in an electrical schematic, identifies all requirements and properties of each component in the design, and cross-checks them against the actual connections in the design to detect errors at an early stage.
CADY was founded in 2020 by CEO Gilad Shapira, CTO Tal Ben Porath, and head of research Or Shabtai. Thus far, the company has raised $4 million and been admitted into the fifth batch of Intel Israel's Intel Ignite accelerator.
