Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category. These cookies ensure basic functionalities and security features of the website, anonymously.Īssociated with Amazon Web Services and created by Elastic Load Balancing, AWSELB cookie is used to manage sticky sessions across production servers. Necessary cookies are absolutely essential for the website to function properly. Textile factories don’t have the tools to produce in a clean, transparent, efficient way … generating massive amounts of waste and other problems.” It’s probably the industry with the worst ratio size/automation. “We co-founded Smartex because we’re obsessed with solving problems-and the textile industry has big ones. I have a master’s in physics and the textile industry has been chasing me ever since,” he said. In an interview with TechCrunch Loureiro shared the origin story driving his passion for sustainable textile manufacturing: “I was born and raised by textile factory workers I worked in factories when I was a teenager.
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Smartex CEO Gilberto Loureiro told Sifted that the company’s “gamechanger” was its admittance to HAX in 2019, which introduced Smartex’s founders to Lightspeed Ventures and Tony Fadell-the leaders of the series A. This early detection prevents waste that occurs when flawed fabrics are caught late in the supply chain.
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Smartex ( HAX 2018) uses computer vision hardware and machine learning software to spot weaving defects in fabric early in the production process, long before human inspectors normally spot irregularities. The series A also garnered support from retail giant H&M Group, SOSV’s HAX, DCVC, Spider Capital, Momenta Ventures, Bombyx Capital Partners, and Fashion for Good. Led by Lightspeed Ventures and Tony Fadell’s Build Collective, the funding round builds on a $2.9M seed round co-led by Spider Capital and DCVC in 2019. HAX’s Portugal-based startup Smartex recently raised a $24.7M series A to reduce defects in textile manufacturing and reduce waste, according to the Sifted article, “Portuguese Smartex raises $24.7m Series A to modernise clothes factories”.
Smartex is on a mission to catch textile defects early on in the knitting stage-bolstering sustainability in fabric manufacturing and boosting factories’ margins as a result.
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