Frinks AI has secured $5.4 million in a new funding round led by Prime Venture Partners. The round also included contributions from returning investor Chiratae Ventures, Navam Capital, and Ashok Atluri, the founder of Zen Technologies.
This round takes the total funding raised by Frinks AI to $6.25 million.
IIT Hyderabad alumni Aditya Agrawal, Dharmgya Sharma, and Subhra S Bhattacherjee founded the deep-tech startup Frinks AI. The company develops advanced vision-based artificial intelligence (AI) systems designed for industrial automation and quality control.
Frinks AI’s advisory board includes notable industry leaders such as former Tata Consultancy Services MD and CEO S Ramadorai, former Tata Motors executive director V Sumantran, Professor Tarun Ramadorai from Imperial College London, and former Tata Sons Group CTO Gopichand Katragadda.
Frinks AI plans to utilize the funds to expand its platform globally, boost investment in research and development, and strengthen its foothold in the crucial US market. To drive faster growth, the company is also actively seeking partnerships with automation firms and original equipment manufacturers (OEMs) for collaborative go-to-market efforts.
“Visual inspection in manufacturing has been around for 50 years, but owing to a rule-based approach, its applicability has been limited to less than 15% scenarios typical on the assembly line. Frinks has leveraged advancements in image processing, AI compute to develop manufacturing-specific machine vision models. By combining foundational models with in-house fine-tuning using a small set of images, Frinks is able to guarantee 99.99% accuracy to its customers. It is our pleasure to partner with Aditya, Dharmagya and Subhra in expanding this 10x product to India as well as taking it global,” said Brij Bhushan, partner at Prime Venture Partners.
Frinks AI’s successful funding round marks a significant milestone in its journey to revolutionize industrial automation through advanced AI technologies.
