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Piper Serica Angel Fund leads $1 Mn round in DesignX

Entrackr · 9d

Shopfloor hyper-automation company DesignX has raised $1 million in a pre-Series A funding round led by Piper Serica Angel Fund. The Noida-based company previously raised $300,000 in equity from Modular Capital, Accel, and select manufacturing industry investors in 2021. According to a press release, the new funds will be used to expand its Df-OS platform in key markets, including APAC, Japan, and Europe, as well as to achieve lighthouse status by focusing on AI-driven analytics and sustainability. Co-founded in 2015 by Rajat Srivastava and Nishant Srivastava, DesignX specializes in hyper-automation for manufacturing shop floors. Its flagship Df-OS platform helps lighthouse factories improve productivity and sustainability through real-time data analytics, benefiting sectors such as automotive, FMCG, and consumer electronics by reducing waste and lowering carbon footprints. DesignX aims to transform manufacturing with minimal infrastructure investment, drawing parallels to the transformative impacts of UPI and 4G technologies. The Df-OS platform addresses outdated processes and inadequate infrastructure by significantly reducing the time and cost associated with modernizing factory processes, allowing manufacturers to adapt quickly to contemporary demands. According to market research, the factory process application market is experiencing substantial growth, currently valued at approximately $34 billion annually. DesignX claims to have partnered with major industry players such as Unilever, Hero MotoCorp, and Dabur. Over the last three years, it reports having digitized over 10,000 processes across more than 500 factories, connecting over 1,400 machines in real time and securing over 405 customers.