Tuesday, July 23, 2024

Control One AI Secures $350K Funding for Supply Chain Robotics

Share post:

Control One AI, an AI-first Robotics Startup, has announced raising $350,000 in a pre-seed funding round led by a group of prominent investors from the United States and India. Notable investors include Kunal Shah (Founder, CRED), Chaitanya R (Co-Founder, Wakefit), Amit Singh (ex-MD, Avendus Capital), and Silicon Valley-based executives from leading companies like Tesla, Amazon, Walmart, eBay, Mercedes-Benz, and General Electric.

Founded by Pranav S, Control One AI is dedicated to building AI solutions specifically tailored for slow-moving equipment utilized throughout the supply chain. The startup aims to combine AI technology with centuries-old equipment to enhance safety and efficiency in challenging and hazardous tasks, particularly in unhealthy environments.

Pranav S, with over 15 years of experience in Robotics, AI, and IoT, leads Control One AI. He has successfully deployed over 60 robots and intelligent automation systems for various clients globally, including Tata and Qualcomm, both in Silicon Valley and India.

AI Image

The raised capital will be utilized to create a fully functional prototype and conduct successful pilot validations. Control One AI plans to unveil the first prototype in the near future, showcasing AI technology in action. This innovation aims to revolutionize existing infrastructure and democratize automation in the supply chain sector.

Control One AI’s initiative aligns with the growing demand for AI integration in the supply chain industry. According to a report by the Bureau of Labor Statistics (BLS), the supply chain labor market in the US alone is valued at $531 billion. With the increasing adoption of AI technology, Control One AI seeks to address this global challenge and pave the way for enhanced productivity and safety in the supply chain workforce.

Related articles

Kerala to Host India’s First International Gen AI Conclave

Kerala is set to host the country's first international Gen AI conclave next week. This event will boost...

AI Healthcare Startup Cloudphysician Raises $10.5M in Series A Funding

AI healthcare startup Cloudphysician has secured $10.5M in a Series A funding round. This round was led by...

India is a Prime Hub for AI Innovation and Startups: Google Cloud Executive

India is rapidly becoming a major center for innovation in artificial intelligence (AI) and startups, according to a...

Snapdeal Signs MoU with Bhashini for Digital Inclusivity

Ecommerce company Snapdeal has signed a Memorandum of Understanding (MoU) with Digital India Bhashini, an independent division under...