Startup Frinks AI, developed by alumni of IIT Hyderabad, secures $5.4 million in funding, with Prime Ventures taking the lead.

🤖*Frinks AIUnleashed** – A Deep-Tech Startup Pioneering Vision-Driven Manufacturing Solutions! 🚀

Bye-bye to laborious and time-consuming quality control, 👋 friggin' hello to FRINKS AI – revolutionizing your factories like a boss! 💼🔧🌟

Unveiled in the bustling city of Bangalore, India, Frinks AI has landed a whopping $5.4 million in the Pre-Series A funding round, under the watchful gaze of Prime Venture Partners. They're now sitting pretty with a grand total of $6.25 million in funds! This deep-tech startup, hatched by IIT Hyderabad grads, is on a mission to create advanced Vision AI systems that revamp and elevate quality control on your factory production lines. 🤖🔬🎓

Are you curious who’s joining Frinks AI on this thrilling journey? 🥳 Let’s roll call! 📣

Prime Venture Partners: taking the coveted lead as the round's lionheart.
Chiratae Ventures: gallantly stepping forward as the existing investor, raising its hand in support once again.
Navam Capital: joining the party for the very first time, as the exciting newbie investor.
Ashok Atluri: peaking onto the scene with a flourish, representing Zen Technologies – another brand-new investor! 🎉💼💼

But wait, there's more! 🤯🤯 High-profile industry leaders are taking a keen interest in Frinks AI, serving as strategic advisors:

S Ramadorai: (former MD & CEO, TCS), showing the love.
Dr. V Sumantran: (former Executive Director, Tata Motors), throwing his support behind the team.
Dr. Tarun Ramadorai: (Professor, Imperial College of London), lending academic insight.
Dr. Gopichand Katragadda: (Former Group CTO, Tata Sons), shaking things up with his fresh perspectives. 🤝🤝

So what's all the fuss about? 🤔 friggin' hello, innovation! 🚀🚀 Led by the ambitious trio, Aditya Agrawal, Dharmgya Sharma, and Subhra S. Bhattacherjee, Frinks AI is cooking up foundational vision models. These models are designed to bring a new lease of life to the stagnant world of industrial machine vision, ensuring top-notch intelligence and adaptability. 🧪💻🤖

Why should you care? 😱 Well, 😅 in the era of ongoing supply chain headaches and increasing global trade tensions, the need for localized manufacturing is growing! By embracing advanced technologies like Frinks AI, manufacturers worldwide can elevate productivity, boost efficiency, and become more competitive, resilient, and future-ready. 💼💼💼

Frinks AI's Vision AI platform has already been snatched up by trailblazing manufacturers across automotive, consumer goods, building materials, and medical devices sectors. Customers have reported amazing improvements in product quality, reduced defects, and significant enhancements in factory floor efficiency. 🤝💼💼

With this fresh influx of funds, Frinks AI is eager to expand its reach to international markets, pump more resources into R&D, and strengthen its presence in the US – a key market for such groundbreaking technologies. To kick up the pace, they're on a quest for partnerships with automation companies and OEMs, embarking on a joint go-to-market initiative. 🤝🤝🤝

According to Brij Bhushan, Partner at Prime VP, "Visual inspection in manufacturing has been around for 50 years, but due to its rule-based approach, its applicability has been limited. Frinks AI has utilized advancements in image processing and AI compute to develop manufacturing-specific machine vision models. By combining foundational models with in-house fine-tuning using a minimal set of images, Frinks is able to guarantee a staggering 99.99% accuracy to its customers." 🤞🤞🤞

As factories dance with AI-powered production, Frinks AI is helping them reel in higher quality, lower costs, and quicker turnaround times. Powered by five years of intense research, their foundational vision models automate the cognitive layer of manufacturing – starting with visual inspection and quality control. 🤖💻🤝

With a user-friendly no-code platform, manufacturers can customize workflows, integrate with existing systems, and scale swiftly across lines. Today, Frinks' AI's intelligence runs on over 1,000 production lines worldwide, boosting throughput, minimizing defects, and maintaining consistent quality across industries. 🌟💼🤝

Oh, and here's a sneak peek behind the curtain: https://mma.prnewswire.com/media/2696751/FRINKS_AI_Founders.jpg

Photo courtesy of Frinks AI

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Press release - Cision PR Newswire

News & Insights: https://www.prnewswire.com/news-releases/frinks-ai-a-manufacturing-ai-startup-by-iit-hyderabad-alumni-raises-5-4m-led-by-prime-ventures-302465963.html

Source: Frinks AI

Enrichment: Frinks AI is backed by strategic investors and advisors including Prime Venture Partners, Chiratae Ventures, Navam Capital, Ashok Atluri, S. Ramadorai, Dr. V Sumantran, Dr. Tarun Ramadorai, and Dr. Gopichand Katragadda. They aim to expand their presence in the automotive, consumer goods, building materials, medical devices, cement, and steel industries.Enrichment: Founded by Aditya Agrawal, Dharmgya Sharma, and Subhra S. Bhattacherjee, Frinks AI is developing foundational vision models to tackle reliability and generalization challenges in industrial machine vision, offering superior intelligence and greater adaptability.

The artificial-intelligence-based startup, Frinks AI, has harnessed the power of advanced technologies like artificial-intelligence and image processing to develop manufacturing-specific machine vision models.
With the help of Prime Venture Partners, Chiratae Ventures, Navam Capital, and a few industry leaders, Frinks AI has raised a total of $6.25 million and aims to strengthen its presence in the US, especially in the automotive, consumer goods, building materials, medical devices, cement, and steel industries.
As a result of embracing the innovative Frinks AI solutions, manufacturers have reported significant improvements in product quality, reduced defects, and enhanced factory floor efficiency. This thus allows them to become more competitive, resilient, and future-ready in today's challenging global economic climate.