DeepHow, an AI-powered video platform for skilled workforce training, has raised $14M in a Series A funding round led by Owl Ventures.
LG Technology Ventures also participated in the round along with existing investors Sierra Ventures, Qualcomm Ventures, Osage Venture Partners, and Foothill Ventures.
DeepHow plans to invest in go-to-market initiatives to accelerate its business growth, and to ramp up its investments in product, engineering, and generative AI innovation. DeepHow has already fast-tracked the development of powerful product enhancements that leverage the power of generative AI to accelerate SOP video creation, multimodal workflow generation, AI chat assistance, and strategic knowledge mapping.
Commenting on the development, Dr. Sam Zheng, Co-founder & CEO of DeepHow, said,
Today, manufacturers are under intense pressure to improve efficiency and reduce costs while meeting growing customer demands. At the heart of this transformation is Industry 4.0, which leverages advanced technologies such as AI, IoT, and automation to achieve operational excellence. Realizing the full potential of Industry 4.0 requires more than just technology investment, it also requires a strategic approach to capturing, sharing, and transferring knowledge across teams and departments. This oversubscribed Series A round underscores that our investors share our vision. It also demonstrates their confidence in our ability to build on our technical leadership and accelerate our go-to-market operations.
DeepHow’s compelling value proposition for the manufacturing and service industries is fueled by the confluence of several industry trends that are driving demand for workers who can quickly assimilate technical skills. Among the forces that are shaping industry globally are the rapid evolution of advanced technology in use on the factory floor, the digitalization of manufacturing associated with Industry 4.0, the restructuring of global supply chains, and a paradigm shift in the way people prefer to learn.
Ian Chiu, Managing Director at Owl Ventures, said,
The need to capture the skills and know-how of senior, experienced workers—and then transfer that knowledge through engaging and efficient training during on-boarding and through reskilling initiatives has never been more important. Over 70+ global customers, the majority of them multinational enterprise companies, are leveraging DeepHow’s AI-powered training platform to streamline the capture and transfer of technical skills and know-how — compressing project time by 10x, boosting worker performance by 25%, and dramatically reducing overall training and development costs. We’re excited to be partnering with Sam, Patrik, and the entire DeepHow as they continue to scale and expand on their market leadership.
Anshul Agarwal, Managing Director of LG Tech Ventures, added,
At LG Technology Ventures, we are excited to support visionary founders who are leading the Industrial 4.0 era. Ever since we met Sam and Patrik, we were impressed by their obsession with customers and the design-led product that they have built. We look forward to partnering closely with the DeepHow team as they deploy their product to factories around the world.
DeepHow was founded in 2018 by a team of ex-Siemens researchers and engineers who saw an unmet need to transfer knowledge in the skilled workforce market. They developed an AI-powered, video-centric knowledge-capture and learning platform that bridges the skills gap in the manufacturing, service, and construction industries. DeepHow streamlines the capture and transfer of technical skills and know-how — compressing project time by 10x, boosting worker performance by 25% and dramatically reducing overall training and development costs.