Funding in AI Startup: Artificial Intelligence and automation-as-a-service platform EaseMyAI, on Thursday, announced raising Rs 3 crore in the seed funding round led by the venture capital Inflection Point Ventures. The AI-oriented startup will utilise these funds for product development, recruiting a sales and marketing team, and expansion of the distribution network.
EaseMyAI works towards the automation of manual processes for businesses by executing the processes through AI, such as finding defects in fabric in the textile industry by the use of pictures and sensors. The company also provides a marketplace for users to access, upload and download a variety of business use cases and services to tailor their dashboards and automate workflows.
Gagan Randhawa, CEO, EaseMyAI, says, “AI and IOT-based automation will drive the industry 4.0 and dark warehouses. EasemyAI automation platform smoothens the digital transformation journey of enterprise where the platform is capable of handling AI models, IoT devices and 3rd party software. This investment will help us to scale up in markets other than India, especially the USA and the Middle East market and turn operationally profitable within the coming months.”
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Found in May 2022, by Gagan Randhawa (CEO and Co-founder), Yaman Bhardwaj (COO and Co-founder), Surendra Sancheti (CCO & Co-Founder) Jekin Dedhia (CTO & Co-Founder), the startup has a distributor network spanning across different countries including Sri Lanka, Bahrain, UAE, Netherlands, Singapore, and Japan. The company plans to build contacts in the US market.
Madhukar Bhardwaj, Sr. Vice President, Inflection Point Ventures, says, “EasemyAI’s end-to-end solution allows businesses to deploy AI-based operating systems to automate their operations and processes. This creates a huge growth opportunity for large and small companies to focus on the core business and eliminate the manual work with the EasemyAI platform. Their Business Model is highly scalable and IPV will support them to expand their services geographically with a strategic approach.”
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