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LMI Technologies Acquires AI, IIoT Inspection Company FringeAI

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3D scanning and inspection company LMI, a producer of vison-based sensors for applications in factory production, has acquired FringeAI, an AI and IIoT (industrial internet of things)/5G inspection company based in Boston. FringeAI provides its integrated deep learning software suite, edge devices, and IIoT/5G-connected cloud services to multiple markets. 

In a press release, LMI said it will integrate the acquired company into its existing group of companies, forming an AI solution group. LMI in January announced that Mark Radford, who previously served as the company’s chief operating officer, would succeed Terry Arden as CEO.


Vision-Spectra.com
Feb 2021
GLOSSARY
machine vision
Interpretation of an image of an object or scene through the use of optical noncontact sensing mechanisms for the purpose of obtaining information and/or controlling machines or processes.
embedded vision
The practical use of computer vision in embedded systems that analyze system surroundings through digital processing and intelligent algorithms. Computer vision uses these processes to interpret meaning from images and video, giving it the capability to interact with its host environment. Usually, embedded vision is not intended to perform like a general purpose computer. Rather, it is designed to perform specific tasks such as driver protection with driver assistance systems capable of...
machine visionfactory automationEmbedded VisionIIoTIOTIoT sensorAmericasacquisitions5Gdata handlingcomputer visionvision sensorsAutoVision sensorsAIAI solutions

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