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| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3605 |
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In 1982, harnessing the of algorithms written by Silver, Cognex pioneered the industry's first optical character-recognition system and built the company's first machine vision system, called DataMan. This system was able not only to quick process grayscale image data to locate patterns and shapes, but also to reliably read numbers...
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Priced at proximately $30,000, this revolutionary product was sold directly to end-users on the factory floor, and success attracted many investors, allowing Cognex to grow rapidly in the early 1980s. This machine vision market, however, became quickly flooded with competitors, all looking to find a place in this new profitable segment...
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