Milwaukee-based artificial intelligence startup Golgix announced this week it has closed a $600,000 seed funding round led by Milwaukee-based venture capital firm Gateway Capital. The company also received a $200,000 investment from the Idea Fund of La Crosse.
Golgix is focused on using AI within the manufacturing sector to help eliminate unplanned downtime and production interruptions due to unforeseen process and equipment failures. Golgix offers turnkey AI software that predicts failures on automated production lines for manufacturers in the food and beverage, paper, plastics, consumer goods, electronics, and pharmaceuticals industries.
Alongside its predictions, the software provides engineers and operators intelligence that can be used to help prevent downtime through proactive operating parameter adjustments and maintenance. The AI software is deployed in just four weeks.