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Video analytics platform Wobot raises an amount of $2.5M in pre-Series A round led by Sequoia India

Based in Delhi an AI-powered video analytics platform Wobot has  declared that it has raised an amount of $2.5 million in pre-Series A round led by Sequoia India. 

 

Also the company stated that Wobot will utilize the funds for global expansion and to strengthen its proprietary technology platform. Also it will help the company make some key executive appointments, expand its sales and marketing efforts, as well as broaden and accelerate product development to cater to more use cases and consumers.

 

It was founded by Adit Chhabra, Tapan Dixit, and Tanay Dixit.

 

Presently Wobot.ai offers and serves various modules that look deeply into hygiene, food safety, pilferage, and customer’s feedback. Its plug-and-play tool is connected to an existing CCTV or any other camera to help detect and track anomalies in standard operating procedures (SOPs). Moreover It has helped organisations in food, hospitality, manufacturing, retail, and pharma industries to reduce the cost of monitoring, risk of non-compliance, and improve customer NPS. 

 

Furthermore Adit Chhabra, Co-founder and CEO of Wobot, stated that the vision of Wobot has always been to create and make a transparent and seamless workplace with 100 percent process compliance where the camera acts as a third eye and provides continuous feedback for employees on the job. Also this does not necessarily mean only pointing out violations but also giving a pat on the back for following the right SOPs and adhering to the compliances.

 

Earlier in April in the year 2019, the startup raised an unrevealed amount in the seed round of funding from Titan Capital.

 

Speaking about the recent investment, Ashish Agrawal, Principal, Sequoia Capital India LLP, stated that Computer vision has seen tremendous advances in late years, resulting in widespread adoption for varied enterprise needs.

 

Also this includes process compliance in areas such as security, manufacturing, and retail.  The increasing concern for hygiene and safety post-COVID-19 has raised the importance of process compliance.

 

Also Wobot is a strong team of 60+ employees and has completed 10,000+ installations for consumers including Kitopi, CultFit, Rebel Foods, Travel Food Services, EatFit, Blue Tokai, Apparel Group, Max Estates and Housing etc.

– Authored by Farheen Malik

  Content Developer, StartupMonk

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