Jidoka Technologies funding
The startup plans to use the funding to expand operations and for extending into new markets of North America and Southeast Asia.
Having proved its efficiency with some major automobile brands, Jidoka Technologies claims that it is already scaling up its reach to pharma, general manufacturing, electronics, and printing, among other industry verticals.
Sekar Udayamurthy, CEO and Co-founder, Jidoka Technologies said, “This funding has come to us at the time when there is an increasing demand for automated QC solutions to drive speed and efficiency in manufacturing and will support us to scale our business, expand our reach outside of India, accelerate growth and enhance our innovation capabilities.”
Established in 2018, Jidoka Technologies provides highly advanced engineering solutions to automate the process of visual quality checks at high speed by using deep learning, AI/ML, and analytics.
The startup claims its state-of-the-art automated cognitive QC solution improves the quality and effectiveness of QC in the manufacturing process. It analyzes and imitates human reasoning in error detection, delivering 98 percent or higher accuracy consistently in the QC process and a significant increase in throughput, apart from decreasing wastage by 30 percent.
“Our state-of-the-art QC solution will increase the efficiency of the manufacturing processes. Our focus is to revolutionize the QC process in manufacturing by leveraging deep tech, for both Indian and International markets,” added Sekar.
Jidoka Technologies is currently valued at $3 million and its areas of expertise in deeptech include data augmentation, AI/deep learning, Machine Vision, real-time QC, online/standalone automation, high-speed monitoring, and data analytics with personalized user experience.
It is looking to extend its services across global markets of the UK, Europe, and Australia, besides serving across the Indian sub-continent, North America, and South East Asia by 2025.
With a combined experience of over 40 years in the field of engineering and technology and IT, Sekar Udayamurthy, Vinodh Venkatesan, and Dr. Krishna Iyengar are taking Jidoka Technologies to new heights. With their expertise, the company could become an industry leader.Shishir Gupta, Founder and CEO, StartupLanes
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