AI developer DeepHow in Royal Oak has announced it closed $14M in Series A funding.
Owl Ventures, a specialist in education technology investing, led the round, with participation from another new investor: LG Technology Ventures. Existing investors Sierra Ventures, Qualcomm Ventures, Osage Venture Partners, and Foothill Ventures also participated in the round.
DeepHow plans to use the funds to invest in go-to-market initiatives to accelerate its business growth, and to ramp up its investments in product, engineering, and generative AI innovation.
In response to customer demand, DeepHow has fast-tracked development of powerful product enhancements that use the power of generative AI to accelerate SOP video creation, multimodal workflow generation, AI chat assistance, and strategic knowledge mapping.
“Today, manufacturers are under intense pressure to improve efficiency and reduce costs while meeting growing customer demands. At the heart of this transformation is Industry 4.0, which leverages advanced technologies such as AI, IoT, and automation to achieve operational excellence,” says Sam Zheng, co-founder and CEO of DeepHow.
“Realizing the full potential of Industry 4.0 requires more than just technology investment, it also requires a strategic approach to capturing, sharing, and transferring knowledge across teams and departments. This oversubscribed Series A round underscores that our investors share our vision. It also demonstrates their confidence in our ability to build on our technical leadership and accelerate our go-to-market operations.”
DeepHow’s value proposition for the manufacturing and service industries is fueled by the confluence of several industry trends that are driving demand for workers who can quickly assimilate technical skills.
Among the forces that are shaping industry globally are the rapid evolution of advanced technology in use on the factory floor, the digitalization of manufacturing associated with Industry 4.0, the restructuring of global supply chains, and a paradigm shift in the way people prefer to learn.
“The need to capture the skills and know-how of senior, experienced workers—and then transfer that knowledge through engaging and efficient training during on-boarding and through reskilling initiatives has never been more important,” says Ian Chiu, managing director at Owl Ventures.
“Over 70-plus global customers, the majority of them multinational enterprise companies, are leveraging DeepHow’s AI-powered training platform to streamline the capture and transfer of technical skills and know-how — compressing project time by 10 times, boosting worker performance by 25 percent, and dramatically reducing overall training and development costs.”
