Stuttgart, Germany – Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch group, invests additional funds in Allegro.AI, an Israel start-up based in Ramat-Gan. Allegro.AI offers the first end-to-end artificial intelligence (AI) lifecycle management solution, with a focus on deep learning applied to computer vision. The recent investment round brings the total investment in the company to USD11m from RBVC, Mizmaa Ventures, Samsung Catalyst Fund, Dynamic Loop Capital and JumpGate Ventures. “One key challenge in deep learning based solutions available in the market today, is that “learning” stops when products – for example security cameras or autonomous vehicles – are deployed to the field, “ says Dr. Ingo Ramesohl, Managing Director of RBVC. “Providing deep learning solutions for computer vision that function in real-world scenarios is an industry wide challenge, and of strategic importance to Bosch.”
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About Bosch Ventures
Robert Bosch Venture Capital GmbH (Bosch Ventures) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. Bosch Ventures invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, climate technologies, enabling technologies, and healthcare systems. Bosch Ventures also invests in services and business models that are relevant to the above-mentioned areas of business. Furthermore, Bosch Ventures enables co-innovation between Bosch and startups through the Open Bosch Program.
Additional information is available online at: www.bosch.ventures
About Allegro.AI
Allegro.AI is a deep learning computer vision platform, which provides a complete product lifecycle management solution for AI development & production, starting with computer vision. Founded by seasoned veterans leading a team with extensive expertise in computer vision, deep learning, embedded and high performance computing, Allegro’s investors include Robert Bosch Venture Capital GmbH, MizMaa Ventures, Samsung Catalyst Fund and Dynamic Loop Capital. For more information, visit www.allegro.ai.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 417,900 associates worldwide (as of December 31, 2024). According to preliminary figures, the company generated sales of 90.5 billion euros in 2024. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 86,900 associates in research and development, of which nearly 48,000 are software engineers.
Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com.
