Cybord secures $8.7M to revolutionise electronics manufacturing

The round was led by Capri Ventures, with participation from Ocean Azul Partners, and existing investors IL Ventures and NextLeap Ventures, alongside other new and current backers. Cybord’s technology is currently integrated into over 60 manufacturing lines globally, partnering with industry giants like Flex and Siemens, and inspecting millions of electronic components daily. The new funding will support the company's continued growth and expand the global reach of its innovative solution.

Cybord uses deep learning and AI algorithms to inspect 100% of electronic components on printed circuit board assemblies (PCBA), which are integral to products such as electric vehicles and data centres. Cybord addresses the growing need for robust electronic component quality control, a sector that has often been neglected, leading to increased defects and recalls. In 2023, the industry saw a seven-year high in recalls due to component issues, resulting in costly reworking, scrapping of products, and millions or even billions in lost profits for manufacturers.

With a database of over four billion components, Cybord’s advanced machine learning models represent the forefront of AI in electronics manufacturing. Its visual AI solution, deployed directly on the assembly line, detects defective, damaged, or counterfeit components with 99.9% accuracy in real time. This ensures unmatched quality, authenticity, and forensic traceability at the component level, giving electronics manufacturing services (EMS) and original equipment manufacturers (OEMs) enhanced visibility and reliability, leading to improved product quality, higher efficiency, and fewer costly recalls.

Oshri Cohen, CEO of Cybord, commented: "We are honoured to have secured this round of financing from trusted partners and investors who understand the necessity of the Cybord mission. With a variety of industries increasingly dependent on electronic components, it has never been more important to ensure that they are of the highest quality. The Cybord solution has been validated time and time again by our leading global partners, and these funds will allow us to scale faster and bring our comprehensive AI-powered solution to more companies worldwide, delivering on our mission to ensure only the best electronic products."

Adalio Sanchez, Partner at Capri Ventures, highlighted the strategic importance of Cybord’s technology: "Investing in Cybord aligns with our commitment to supporting companies that drive innovation and create lasting impact. Cybord is the only solution ensuring electronic component quality, making them a revolutionary leader in this rapidly evolving market. We are proud to partner with them and witness their continued traction among stakeholders across industries – from automotive and aerospace to health and more."

Elad Frenkel, Managing Partner at ILVP, expressed his support for Cybord’s continued growth: "From the outset, Cybord has demonstrated a disruptive approach to solving the pressing challenges of component quality, safety, and traceability in today's sensitive global supply chains. Cybord's solutions are accelerating the electronics industry, and we are delighted to have played a role in their journey from seed stage to this milestone and look forward to continuing to support their growth."

Renée Ure, former COO and CSCO of Lenovo, also praised Cybord’s impact on the industry: "In manufacturing supply chains, it's critically important to have a competitive edge in both quality and efficiency. Cybord not only affords these advantages, but also provides enhanced security and visibility. By integrating Cybord's visual AI solution, manufacturers ensure superior electronic component quality, authenticity, and traceability, which are essential for maintaining high standards and reducing costly recalls."