Grazper sold to Japanese Yokogawa

Introduction

Grazper Technologies – a leading Danish Artificial Intelligence software development company, with significant experience in 3D vision solutions – has been sold to Yokogawa Electric Corporation, a publicly listed Japanese electrical engineering and software company.

Grazper develops embedded technology for Deep Learning computer vision for automated video analytics across various verticals. The Yokogawa ownership provides a unique opportunity for Grazper to achieve global representation and commercialise its value-adding solutions towards a broad and diverse customer base in numerous industries.

Oaklins was engaged by the owners of Grazper as strategic and financial advisor.

Before presented by Oaklins, we didn't know Yokogawa with their impressive track-record and strategic ambition to enter the AI field. Becoming a center of excellence for their global operations from our Copenhagen base is very appealing to us, and if it hadn’t been for Oaklins’ global access and seamless execution, we wouldn't have been in this extremely exciting situation. THOMAS JAKOBSEN, CEO & CO-FOUNDER

About Grazper Technologies

Grazper Technologies was founded in 2015 and has advanced into an AI software development power-house based in Copenhagen, Denmark, with highly motivated engineers, software developers and computer scientists.

Grazper has developed a platform to build full stack proprietary real-time 3D vision solutions using embedded Artificial Intelligence. The platform can support networks of installed cameras and embed intellectual property into edge devices for intelligent machine vision applications. The solution in its current form, facilitates automatic monitoring of e.g. cars, cyclists or pedestrians with a purpose of smoothening traffic flow or creating automated behavioural customer analysis in supermarkets – achieved with cameras that stream video directly for manual or automatic analysis to an external location.

Read more about Grazper on the website: www.grazper.com

About Yokogawa Electric Corporation

Yokogawa Electric Corporation is a Japanese electrical engineering and software company built on more than 100 years’ heritage.

Yokogawa is listed on the Tokyo Stock Exchange and a constituent of the Nikkei 225 stock index. The company has primarily been focused on measurement, control and information technologies to customers worldwide. The industrial automation business provides vital products, services, and solutions to a diverse range of process industries including oil, chemicals, natural gas, power, iron and steel, and pulp and paper. Yokogawa co-innovates with its customers through a global network of 113 companies spanning 60 countries. Grazper will become a spearhead in Yokogawa’s strategic plan to embrace Artificial Intelligence and 3D vision solutions in multiple verticals.

Read more about Yokogawa on the website: www.yokogawa.com