Smartex: $24.7 million for more sustainable m...

$24.7 million for more sustainable manufacturing


As an AI and computer vision company, Smartex uses automated inspection to detect textile defects. US$24.7 million has been raised by Smartex in Series A funding to reduce textile production defects to zero., Porto/Portugal, uses hardware (cameras and sensors) and AI/ML software to detect textile defects on circular knitting machines in real-time. This reduces textile waste and input waste like water, energy, and CO2. Material defects (oil spots, holes, etc.) are often not visible to the human eye during production - by detecting defects in real time, Smartex stops the problem at the source and eliminates downstream waste, acting on the knitting machines as a way to reduce defective production to close to 0%. This high-tech solution is able to not only stop the production of defects during production, using hardware and software, but also improve the business by offering a user interface where the factories can check their stats regarding the production.
The company is currently present in several markets across Europe, Central Asia, South America, and Africa, with plans to expand further into Asia in 2023 with this funding. Recent partnerships include major fashion houses such as Kering Group (Gucci, Balenciaga) & PVH (Tommy Hilfiger, Calvin Klein).

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