Profet AI Shows Outstanding Results and Unveils Three Development Strategies in 2023

TAIPEI, Taiwan, Feb. 12, 2023 /PRNewswire/ -- Profet AI, the leading provider of AI applications for the manufacturing industry, reported impressive results and outlined its 2023 growth strategy focused on the “Leap". The company aims to build a Taiwan-rooted enterprise software brand with a market value exceeding US$1 billion and to expand its presence internationally, creating new opportunities for partners and customers around the world. To achieve this, Profet AI plans to accelerate overseas market deployment, strengthen product lines, and enhance talent recruitment and cultivation.

Deep knowledge of the manufacturing domain and easy-to-use products: Profet AI grows against the odds

In the past year, Profet AI completed its Series A fundraising and raised over US$6.4 million. The company's R&D team developed the no-code AutoML platform, incorporating machine learning algorithms specific to the manufacturing industry for rapid deployment of AI applications. With this platform, companies can upload data and automatically generate high-quality predictive models within a short period of time, allowing them to implement AI applications within a week. The platform improves customers’ production efficiency, solves factory expansion or globalisation management problems, and increases AI competitiveness.

Profet AI's deep knowledge of the manufacturing industry and easy-to-use products has driven its growth against the trend in the past year, including expansion into overseas markets. The company now has offices in Taiwan, Japan, and China, and has doubled its employee count. The company’s business scale has also doubled, with a capital utilization efficiency of over 1, and won over 100 medium- and large-sized manufacturing companies across 12 industries as customers. Over 70% of these customers are industry leaders and listed companies, including AUO, Qisda, Everest Textile, WUS Printed Circuit, Eternal Materials, and Cheng Shin Rubber, etc.

Jerry Huang, co-founder and CEO of Profet AI, indicated the main challenges to digital optimization and transformation in today's manufacturing industry comes from the disconnect between product solutions and production line realities. With Taiwan's manufacturing industry playing a pivotal role in the global industry chain, Profet AI is able to take advantage of its close proximity to world-renowned manufacturers to create the most suitable AI software solutions and compete with world-class manufacturing AI brands.

2023 is the best time for companies to deepen digital transformation

Jerry Huang predicts that 2023 will present difficulties due to supply chain problems, geopolitical issues causing talent and energy shortages, and the ongoing pandemic. However, it is also an opportune time for companies to implement profound transformations and advance through the use of AI technologies. Profet AI has developed three strategies, including expanding their overseas market, strengthening their product lines, and increasing their talent recruitment efforts to create growth momentum. By partnering with customers and utilizing these strategies, Profet AI aims to achieve significant growth.

Jerry Huang stated that due to the impacts of geopolitical issues, the pandemic, as well as supply chain disruptions causing talent and energy shortages, 2023 will undoubtedly be a challenging year. However, this is also the perfect time for companies to further implement digital transformations through the use of AI technology. Jerry Huang expressed that "leap" is the keyword for Profet AI this year, and the company has developed three strategies, including accelerating overseas market deployment, strengthening product lines, and expanding talent recruitment and cultivation efforts to create growth momentum to create leapfrog growth.

Profet AI is expanding its presence in Southeast Asia this year to meet the rising demand for AI services, and plan to recruit global partners to serve world-class manufacturing customers. Additionally, Profet AI will optimize the existing products, including the Profet AI | AutoML Platform and Profet AI Ready To Go Applications, a knowledge base of AI applications. Furthermore, Profet AI will release a new product for AI lifecycle management in the coming months to enhance enterprise data and model management and improve AI quality.

Profet AI will actively recruit talents in R&D, user experience, international business, customer success, and marketing to expand its workforce from 50 to 100 employees. This year, Profet AI will launch its Infinity Program focused on developing employees' organizational skills, and outstanding employees will be invited to become the core members of the geo-expansion team. The company's international internship program will also continue to cultivate local talents with a global perspective to establish Taiwan's position in the world-class AI industry.

About Profet AI 

Profet AI is an industrial AI software company, provides an end-to-end no-code AutoML platform that empowers industry domain/IT experts to rapidly build high-quality prediction models and deploy industrial AI applications to solve their everyday production and digitization challenges. Profet AI is widely adopted by world's leading customers across industries, including the world's leading EMS, Semi-OSAT, PCB, IC design House, display panel and materials solution providers. We leverage industry leading companies' successful cases to benefit our customers to implement AI within one week.

SOURCE PROFET AI TECHNOLOGY CO., LTD.