# DarwinAI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/darwinai

- Industry: Software
- Headquarters: Waterloo, Canada
- Total disclosed funding: $13M
- Latest round: Seed (Dec 22, 2022)
- Investors on record: 10

## About

Funded in 2017 and based in Ontario, Canada, DarwinAI Corp. operates as a software company. The company was founded by Alexander Wong, Javad Shafiee, and Francis Li. In March 2024, Apple Inc. fully acquired DarwinAI Corp. from ACVC, ARCHAngels, BDC Capital, Density Ventures, Honeywell Ventures, Inovia Capital, and NorthSpring Capital Partners. As of 2024, the company is led by its CEO, Sheldon Fernandez.

DarwinAI offers an automated visual quality inspection system for electronics manufacturers, particularly focused on printed circuit boards (PCBs). The firm’s platform uses artificial intelligence (AI) and specialized optics to replace manual inspection processes.

## Funding rounds

- Seed, Dec 22, 2022, $6M — BDC Capital
- Seed, Dec 15, 2020, $5M — Inovia Capital, Obvious, Wharton Angel Network, Honeywell Ventures, ARCHAngels, NorthSpring Capital Partners, ACVC, REDDS Capital
- Seed, Sep 18, 2018, $2.3M — Inovia Capital, Obvious, Density Ventures

## Investors

- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Seed
- Obvious (https://capitalatlas.ai/funds/obvious) — Seed
- Density Ventures (https://capitalatlas.ai/funds/density-ventures) — Seed
- Wharton Angel Network (https://capitalatlas.ai/funds/wharton-angel-network) — Seed
- Honeywell Ventures (https://capitalatlas.ai/funds/honeywell-ventures) — Seed
- ARCHAngels (https://capitalatlas.ai/funds/archangels) — Seed
- NorthSpring Capital Partners — Seed
- ACVC (https://capitalatlas.ai/funds/acvc) — Seed
- REDDS Capital (https://capitalatlas.ai/funds/redds-capital) — Seed
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed