Smartex.ai, a leading hardware-based software company developing advanced solutions for the textile industry, has announced it has successfully raised $24.7 million in new funding from investors. This capital infusion marks a significant step for the company as it continues to expand its AI-driven technology offerings.
Smartex is dedicated to empowering textile manufacturers to optimize operations, enhance quality control, boost sustainability, and streamline supply chain processes. The company's comprehensive suite of tools includes Smartex CORE, which utilizes artificial intelligence and machine learning algorithms to detect defects produced by Circular Knitting Machines, integrating seamlessly with existing textile machinery. Building on this foundation, Smartex LOOP enables suppliers to leverage fabric-roll level data for improved supply chain communication and transparency, addressing a key demand from fashion brands.
This funding round is poised to accelerate Smartex.ai's mission of digitizing the textile industry. The secured capital is planned to be used for further product development, expanding the company's market reach, and scaling its operational capabilities to meet growing demand. The investment underscores confidence in Smartex's technology and its potential to drive efficiency and sustainability within manufacturing.
The company remains committed to providing technical tools that will allow the textile industry to become more efficient, productive, and sustainable. Smartex.ai anticipates continued growth as it works towards revolutionizing the sector with its innovative solutions.
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