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

EntrackrEntrackr · 1y ago
AI startup Control One raises $350K in pre seed round
Medial

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.

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PlanckDOT raises $350K in bridge round

EntrackrEntrackr · 1y ago
PlanckDOT raises $350K in bridge round
Medial

PlanckDOT, a technology startup specializing in edge data centers, has raised $350,000 in its bridge round at a valuation of $30 million. Earlier this year, the startup had raised $1.6 million in its seed round from HNI Angel Investors. The fresh proceeds will be used to ramp up the ongoing development of PlanckDOT’s Quanta AI that caters to the rising demand of data centres for generative AI applications. Founded by Shishir Miglani and Ali Ahmed Saleem, PlankDot’s Quanta offers a range of fully-loaded, self-sufficient edge data centres tailored to corporate, enterprise, and SPC requirements empowering businesses to scale their operations seamlessly. The firm specialises in setting up Edge and Hyperscaler data centers that are carbon-neutral and reliable. PlanckDOT’s initiatives focus on improving the Power Usage Effectiveness (PUE) ratio in data centres, aiming to achieve a PUE ratio of 1.0.

Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round

EntrackrEntrackr · 1y ago
Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round
Medial

Sportstech startup Stupa Sports Analytics has raised Rs 28 crore in its pre-Series A round led by Centre Court Capital and PeerCapital. Earlier to this pre-Series A round, Stupa had raised Rs 7.5 crore in seed and pre-seed funding. The proceeds will be used to fuel its talent acquisition, global expansion, and product enhancement initiatives. The latest fund pool will also be deployed to attract top AI/ML and engineering talent to build advanced solutions. The fund will also power Stupa’s ambitions to expand globally into markets like the US, UK, Australia, and the Middle East while expanding its existing presence in regions like Europe and Asia. Founded by Megha Gambhir, Stupa Sports Analytics offers a comprehensive suite of AI-driven solutions for advanced analytics of player performance data, broadcasting capabilities and sports digitization tools for athletes, sports federations, broadcasters and fan communities worldwide. Stupa claims to have established over 15 strategic partnerships with key governing bodies and sports federations, primarily in Europe.

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