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Flipkart backs deeptech startup NeuroPixel.AI

Yet to be launched deeptech startup NeuroPixel.AI has raised fresh capital from Walmart-owned Flipkart in the ongoing seed round.

The board at NeuroPixel.AI has passed a special resolution to issue 876 CCPS at an issue price of Rs 27,204 per share to raise Rs 2.28 crore, regulatory filing filed with the Registrar of Companies (RoC) show.

Following the fresh infusion, Flipkart India will hold 5.15% of the stake in the company. As per Fintarckr’s estimates, the company has been valued at Rs 46.27 crore (post allotment of this tranche).

Bengaluru-based NeuroPixel.AI is a deep tech startup that works in the application of advanced AI/ML and statistical learning theory in computer vision and image processing areas for online stores. According to its website, the company enables AI-powered fashion cataloging, synthetic model generation, and high fidelity virtual try-ons for e-commerce companies.

In September last year, the company raised $825K in a seed round led by Inflection Point Ventures and participated by Entrepreneur First, Huddle, Dexter Angels, and Rishaad Currimjee. NeuroPixel.AI was also a part of the ISB D-Labs incubator and Huddle accelerator

NeuroPixel.AI has passed another special resolution to create an employee stock option (ESOP) pool with 1,250 options worth Rs 3.4 crore.

NeuroPixel.AI was a pre revenue stage company in the fiscal year ending March 2021. According to its annual financial statement with the RoC, it had zero operating revenue in FY21 with losses of Rs 12 lakh.

About NeuroPixel.AI

NeuroPixel.AI Labs is a deep tech start-up that works in application of advanced AI/ML and statistical learning theory in Computer Vision and Image Processing area for online retail storefronts. We are proud to be associated with some of the best Researchers and Professors in our field from IISc, ISB and IITs. We are funded and backed by Entrepreneur First, a renowned Global Accelerator in the DeepTech space.

When was NeuroPixel.AI founded?

NeuroPixel.AI was founded in 2020.

Who is the founder of NeuroPixel.AI?

NeuroPixel.AI was founded in late 2020 by Arvind Nair (CEO) and Amritendu Mukherjee (CTO). The venture originated at Entrepreneur First, a leading international talent investor, which helps aspiring entrepreneurs find co-founders and supports them in building technology companies.

Is NeuroPixel.AI hiring?

Currently, NeuroPixel.AI is not hiring.

What is the team size of NeuroPixel.AI?

As per the popular social media site LinkedIn, NeuroPixel.AI has 20 employees.

Where is the head office of NeuroPixel.AI?

NeuroPixel.AI is located in Bangalore, Karnataka, India.

How much is the revenue of NeuroPixel.AI?

NeuroPixel.AI was a pre revenue stage company in the fiscal year ending March 2021. According to its annual financial statement with the RoC, it had zero operating revenue in FY21 with losses of Rs 12 lakh.

NeuroPixel.AI seems to be a captivating startup with inspiring new development on technologies, information, and internet platforms. Sending my best wishes for your business. I hope this startup gets you and your team a lot of success and fortune.

Shishir Gupta, Founder and CEO, StartupLanes

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