One of a Kind Technologies has raised a funding round from the Belgium-headquartered investment firm Gimv in exchange for a majority stake. The parties have not disclosed the valuation and funding amount, but the latter number exceeded €5 million, FD reported.
Founded in 2012 in Eindhoven, One of a Kind has since made two acquisitions and currently consists of five companies: Beltech, VIMEC Applied Vision Technology, Crux Agribotics, Smart Vision Center, and Uniq Engineering. The group employs a total of more than 65 employees.
One of a Kind's main focus is industrial-grade smart vision solutions for automatic inspection and measurement for customers that include Danone and Unilever. The group's revenue has reached €8 million, FD reports.
The company plans to use the fresh funding to grow its team twofold within the next five years with a focus on engineering talent, as well as open new offices in the Netherlands, Belgium, and the US.