News on Medial

AI startup Control One raises $350K in pre seed round

Entrackr · 8m

Control One AI, an AI-first robotics startup, has raised $350K from a group of investors in the United States and India such as Kunal Shah (Founder, CRED), Chaitanya R (Co-Founder,Wakefit) & Amit Singh (Ex-MD, Avendus Capital) and Silicon Valley based top supply chain executives from Tesla, Amazon, Walmart, eBay, Mercedes-Benz, and General Electric. The proceeds will be used for creating a fully functional prototype and conducting successful pilot validations, the company said in a press release. In the near future, it will also unveil the first fully functional prototype to demonstrate the AI in action. Control One AI is building an AI specially tailored for slow moving equipments utilised throughout the supply chain. “Our mission is to transform slow-moving equipments worldwide using our advanced AI, enhancing vehicles to reach—or even surpass—human levels of intelligence. This technology will empower blue-collar workers worldwide to achieve greater productivity, safety, and satisfaction in their roles,” said Pranav S, founder and CEO of Control One. According to a report by the Bureau of Labour Statistics (BLS), supply chain labour market in the US alone is currently at $531 Billion. Given the developing infrastructure for AI in this decade, Control One AI aims to address the global challenge.