Cognex

Cognex Corporation (Nasdaq: CGNX) is a leading provider of machine vision systems, software, sensors, and industrial barcode readers used in manufacturing automation. Founded in 1981 and headquartered in Natick, Massachusetts, US, Cognex has shipped over 4.5 million image-based products representing over USD 11 billion in cumulative revenue.

Cognex offers a wide range of products including 2D and 3D vision systems, vision sensors, barcode readers, and machine vision software. Its flagship product lines include the In-Sight vision systems, DataMan barcode readers, and VisionPro software. In September 2023, Cognex launched the In-Sight SnAPP vision sensor, expanding into the vision sensing market. The company's solutions are used across various industries including automotive, consumer electronics, food and beverage, pharmaceuticals, and logistics for applications such as:

• Detecting defects and ensuring product quality

• Guiding assembly robots

• Tracking and sorting items in manufacturing and distribution

• Reading barcodes and other product codes

• Measuring and inspecting parts

In August 2023, Cognex announced the acquisition of Moritex Corporation, a leading provider of machine vision optics components, for approximately USD 275 million. This acquisition is expected to expand Cognex's served market and strengthen its presence in Japan. The company continues to invest in research and development, particularly in areas like artificial intelligence and 3D vision, to maintain its leadership in industrial machine vision technology.