Bengaluru-based deep-tech startup Frinks AI has secured $5.4 million in a Pre-Series A funding round, led by Prime Venture Partners. The round also saw participation from existing investor Chiratae Ventures, as well as new investors Navam Capital and Ashok Atluri, founder of Zen Technologies. This infusion brings Frinks AI’s total funding to $6.25 million.
Revolutionizing Manufacturing with Vision AI
Founded by IIT Hyderabad alumni Aditya Agrawal (CEO), Dharmgya Sharma (COO), and Subhra S. Bhattacherjee (CTO), Frinks AI specializes in developing Vision AI systems tailored for industrial automation and quality control. Their platform leverages advanced image processing and AI to automate visual inspections, aiming to enhance product quality and operational efficiency on manufacturing lines.
Frinks AI’s technology is currently deployed across over 1,000 production lines globally, serving sectors such as automotive, consumer goods, building materials, and medical devices. Manufacturers utilizing their platform have reported significant improvements in product quality and reductions in defects.
Strategic Use of Funds
The newly acquired capital is earmarked for several key initiatives:
- Global Expansion: Frinks AI plans to scale its operations internationally, with a particular focus on establishing a strong presence in the U.S. market.
- Research and Development: Investment in R&D will continue to be a priority, aiming to enhance the capabilities and applications of their Vision AI platform.
- Strategic Partnerships: The company is exploring collaborations with automation firms and original equipment manufacturers (OEMs) to accelerate adoption and integration of their technology.
Industry Endorsements
Frinks AI has garnered support from notable industry figures, including S. Ramadorai (former MD & CEO of TCS), V. Sumantran (former Executive Director of Tata Motors), Professor Tarun Ramadorai of Imperial College London, and Gopichand Katragadda (former Group CTO of Tata Sons). These strategic investors and advisors bring a wealth of experience and insight, bolstering Frinks AI’s position in the industrial AI landscape.
Conclusion
Frinks AI’s successful funding round underscores the growing demand for AI-driven solutions in manufacturing. With its innovative Vision AI platform, the company is poised to play a pivotal role in transforming industrial quality control processes, enhancing efficiency, and setting new standards in manufacturing excellence.The Economic Times
