About Smartex AI
Smartex AI is a company based in Porto (Portugal) founded in 2018 by Antonio Rocha, Paulo Ribeiro, and Gilberto Loureiro.. Smartex AI has raised $30.2 million across 7 funding rounds from investors including PVH, Lightspeed Venture Partners and Kering. Smartex AI has completed 1 acquisition, including Tuvi Sai. Smartex AI offers products and services including Smartex System, CORE, FACT, and LOOP. Smartex AI operates in a competitive market with competitors including TrusTrace, Cogniac, LANDING AI, Retraced and Inspekto, among others.
- Headquarter Porto, Portugal
- Founders Antonio Rocha, Paulo Ribeiro, Gilberto Loureiro
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Sectors
RetailTechnology Industrial Goods & Manufacturing
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Email
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Website
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Products & Services of Smartex AI
Smartex AI offers a comprehensive portfolio of products and services, including Smartex System, CORE, FACT, and LOOP. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for real-time quality control in textile factories to minimize waste.
System for automated fabric inspection to replace manual processes.
Platform for digital operations and production visibility in textiles.
Tool for traceable production and data sharing in manufacturing.
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Funding Insights of Smartex AI
Smartex AI has successfully raised a total of $30.2M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $24.7 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series A — $24.7M
- First Round First Round
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2022 | Amount | Series A - Smartex AI | Valuation | Lightspeed Venture Partners , Tony Fadell | |
| Jan, 2022 | Amount | Grant - Smartex AI | Valuation |
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| Aug, 2020 | Amount | Seed - Smartex AI | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Smartex AI
Smartex AI has secured backing from 18 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include PVH, Lightspeed Venture Partners and Kering. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Venture capital firm focused on multiple sectors
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Startups are accelerated via a 111-day program with seed funding.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Smartex AI
Smartex AI has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tuvi Sai. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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AI consultancy services are provided to businesses and organizations.
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2019 |
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Smartex AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Smartex Ai Comparisons
Competitors of Smartex AI
Smartex AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TrusTrace, Cogniac, LANDING AI, Retraced and Inspekto, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blockchain-based traceability and sustainability solutions for the fashion industry
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| domain | founded_year | HQ Location |
AI-based platform is utilized for managing visual operations in businesses.
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| domain | founded_year | HQ Location |
AI-based platform for identifying defects
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| domain | founded_year | HQ Location |
Product traceability solutions are offered to fashion and textile companies.
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| domain | founded_year | HQ Location |
Autonomous machine vision systems for quality inspection are provided.
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| domain | founded_year | HQ Location |
Autonomous AI vision solutions are provided for inspection and optimization.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Smartex Ai
Frequently Asked Questions about Smartex AI
When was Smartex AI founded?
Smartex AI was founded in 2018.
Where is Smartex AI located?
Smartex AI is headquartered in Porto, Portugal.
Who is the current CEO of Smartex AI?
Gilberto Loureiro is the current CEO of Smartex AI. They have also founded this company.
Is Smartex AI a funded company?
Smartex AI is a funded company, having raised a total of $30.2M across 7 funding rounds to date. The company's 1st funding round was a Seed of $2.6M, raised on Jun 01, 2018.
What does Smartex AI do?
Smartex was founded in 2018 in Porto, Portugal, as a provider of AI-based solutions for the textile industry. Computer vision and camera systems are employed to enable automation and defect detection during production. Operations include remote control capabilities, real-time monitoring, alert notifications, image storage, and generation of reports and maps for quality assurance.
Who are the top competitors of Smartex AI?
What products or services does Smartex AI offer?
Smartex AI offers Smartex System, CORE, FACT, and LOOP.
How many acquisitions has Smartex AI made?
Smartex AI has made 1 acquisition, including Tuvi Sai.
Who are Smartex AI's investors?
Smartex AI has 18 investors. Key investors include PVH, Lightspeed Venture Partners, Kering, European Union, and Fashion For Good.