TLT East Ventures, a new Atlantic Canadian venture capital fund, has invested in Fredericton-based Eigen Innovations, an industrial AI company that uses thermal imaging and AI to enhance real-time quality control in manufacturing.

TLT is led by Michael Brown, a New Brunswick-born investment banker whose career has included a stint as a mentor with TechStars in New York. He closed a fund of more than $1 million earlier this year, and has since invested in the Fredericton companies Profitual and SnapTrade.

The fund posted on social media this week that it has now backed Eigen, though it gave no specifics on the amount of the funding.

“Eigen’s OneView platform uses cutting-edge computer vision and machine learning to help manufacturers detect defects and optimize production processes with precision–improving yield, reducing waste, and enabling better decision-making,” said TLT.

“We are proud to back [CEO] Erin Barrett and the team at Eigen Innovations as they scale mission-critical infrastructure that makes industrial operations more intelligent, efficient, and globally competitive.”

Barrett said in an email that the investment is the final tranche of the funding round announced last year. The company last October announced a $2.6 million round with investment from the New Brunswick Innovation Foundation, BDC Capital’s Women in Technology Venture Fund, and Swiss impact investor Momenta Ventures.

Barrett said the funds will be used to generate growth in key markets like plastics/automotive, building and construction, and metals.