LMI Technologies (LMI), a global specialist in 3D inline scanning and inspection, has announced its acquisition of FringeAI, an innovative AI and IIoT/5G inspection company based in Boston, Massachusetts. The company delivers a software suite that leverages integrated deep learning, dedicated edge devices, and IIoT/5G connected cloud services, to deliver AI-based solutions across a wide range of markets. The company will be integrated into the LMI group of companies with FringeAI forming a new AI Solutions group.
Many manufacturing companies suffer from low yield, high operating expense, and now pandemic risk exposure. Traditional inspection methods such as rule-based computer vision and manual visual inspection cannot deliver the precision, scalability, and cost-efficiency required to solve today’s quality assurance challenges. Many customers believe that AI can help, but do not have the knowledge or resources to tackle implementation.
To meet these challenges head-on, FringeAI offers a complete AI/IIoT solution package that includes optimised inspection pipelines using convolutional neural networks for fast and accurate image inspection, low-cost hardware for edge deployment, and cloud services for ongoing tuning and support.
The acquisition of FringeAI adds AI-driven inspection capability to LMI’s existing portfolio of 3D sensor hardware, edge accelerators, and web-based inspection software. The result is a complete, factory-integrated package offering high performance, cost-efficient, AI-based vision inspection for a wide range of applications.