Cognex Corporation the manufacturer of image based products has acquired SUALAB, Korean-based developer of vision software using deep learning for industrial applications.
The addition of SUALAB’s engineering team and intellectual property will enhance Cognex’s existing deep learning capabilities based on technology acquired from ViDi Systems in April of 2017.
Robert J. Willett, President and CEO of Cognex said, “SUALAB’s considerable IP, engineering expertise, and extensive market coverage will help us to serve a fast-growing market, primarily in Asia. Today, tens of thousands of people perform difficult, tedious and error-prone visual inspections for flaws and defects on electronic components and subsystems which will be done more reliably and at lower cost in the future with deep learning-based machine vision.”
Dr. Robert J. Shillman, Cognex’s founder and Chairman said, “We’re very excited to welcome the SUALAB team to Cognex; they are a great fit for our work hard, play hard and move fast culture.”
Headquartered in Seoul, Korea, SUALAB was co-founded in 2013 by Song Kiyoung, who will join Cognex and help lead the world’s largest team of engineers specializing in the use of deep learning for industrial machine vision applications.
SUALAB CEO and co-founder, Song Kiyoung said, “By joining Cognex, we have reached that goal, and together, we plan to accelerate our efforts to help more customers solve even the most complex vision applications faster, easier and more cost-effectively.”
Additional information about the acquisition will be communicated during Cognex’s third quarter earnings call on October 28, 2019 at 5:00 p.m. Eastern Time (ET).
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