Jidoka Technologies raises $340,000 in Seed Funding
Jidoka Technologies, a startup based in Chennai that specialises in automated cognitive inspection for manufacturing, recently secured $340,000 in seed funding from a technology entrepreneur.
The funds will be used to grow the company's operations and expand into new markets in North America and Southeast Asia, according to the company. Jidoka Technologies claims that it is now extending its reach to pharma, general manufacturing, electronics, and printing, among other industry verticals, after demonstrating its effectiveness with some leading automotive brands.
“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,” said Sekar Udayamurthy, CEO and Co-founder, Jidoka Technologies.
Jidoka Technologies, founded in 2018, provides cutting-edge engineering solutions that use deep learning, AI/ML, and analytics to automate the process of visual quality checks at high speed. The company claims that its cutting-edge automated cognitive QC solution improves the consistency and efficiency of quality control in the manufacturing process. It mimics and harnesses human thinking in defect detection, consistently delivering 98 percent or higher QC accuracy and a substantial improvement in throughput, as well as a 30 percent reduction in wastage.
“Our state-of-the-art QC solution will increase the efficiency of the manufacturing processes. Our focus is to revolutionise the QC process in manufacturing by leveraging deep tech, for both Indian and International markets," added Sekar.
Jidoka Technologies' deeptech expertise includes data augmentation, AI/deep learning, Machine Vision, real-time QC, online/standalone automation, high-speed tracking, and data analytics with customised user experience, and is currently valued at $3 million. By 2025, it plans to extend its offerings across global markets such as the United Kingdom, Europe, and Australia, as well as the Indian subcontinent, North America, and Southeast Asia.
The funds will be used to grow the company's operations and expand into new markets in North America and Southeast Asia, according to the company. Jidoka Technologies claims that it is now extending its reach to pharma, general manufacturing, electronics, and printing, among other industry verticals, after demonstrating its effectiveness with some leading automotive brands.
“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,” said Sekar Udayamurthy, CEO and Co-founder, Jidoka Technologies.
Jidoka Technologies, founded in 2018, provides cutting-edge engineering solutions that use deep learning, AI/ML, and analytics to automate the process of visual quality checks at high speed. The company claims that its cutting-edge automated cognitive QC solution improves the consistency and efficiency of quality control in the manufacturing process. It mimics and harnesses human thinking in defect detection, consistently delivering 98 percent or higher QC accuracy and a substantial improvement in throughput, as well as a 30 percent reduction in wastage.
“Our state-of-the-art QC solution will increase the efficiency of the manufacturing processes. Our focus is to revolutionise the QC process in manufacturing by leveraging deep tech, for both Indian and International markets," added Sekar.
Jidoka Technologies' deeptech expertise includes data augmentation, AI/deep learning, Machine Vision, real-time QC, online/standalone automation, high-speed tracking, and data analytics with customised user experience, and is currently valued at $3 million. By 2025, it plans to extend its offerings across global markets such as the United Kingdom, Europe, and Australia, as well as the Indian subcontinent, North America, and Southeast Asia.
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