The Optics’ first AI enabled vision inspection startup AugurAI Private Limited has raised 50L in a seed funding round led by the SASTRA FIRST Technology Business Incubator (TBI) under the prestigious Startup India Seed Fund Scheme (SISFS) programme.
The funding is part of a broader initiative by the central government to support innovative startups and strengthen the entrepreneurial ecosystem in India.
The SISFS programme aims to accelerate startups with high potential for impact and scalability. The programme is designed to provide financial support, strategic guidance, and mentorship to promising startups.
Sakthi Srinivasan, CEO of SASTRA FIRST TBI highlighted the alignment of AugurAI Private Limited’s vision with the objectives of the SISFS programme, stating, “We believe in the vision and potential of AugurAI. Their commitment to leveraging AI technology to solve real-world industrial problems in manufacturing
AUGURAI is an innovative Optics First, AI-enabled Visual Inspection startup based in Tiruchirappalli. They provide complete solutions including Optics, AI Algorithms, and Automation required for end-to-end quality inspection in manufacturing. They are working with leading automotive OEMs, component manufacturers, and Pharma and FMCG companies to help them integrate visual inspection solutions in their factories and help them ensure zero defects reach their customers.
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AUGURAI is known for its innovation at the intersection of Optics and AI and they have developed path-breaking innovations for Casting Internal Inspection, Bottle Print Inspection and 360 Degree Inspection with a Single Camera etc. AUGURAI is making a name for itself by cracking the toughest problems in Visual Inspection.
AUGURAI has won several recognitions for its innovative solutions including NASSCOM Top 50 Emerging Startups, FICCI Most Promising Innovative Startup, CII Best Innovative Solution, and Watts Humphrey Award for Software Excellence among others.
Mr Ravishankar, Founder and CEO of AugurAI Industries, said: “We are honoured to receive this support from SASTRA FIRST TBI and SISFS. This funding will be instrumental in driving our mission to revolutionize the manufacturing industries by empowering quality control personnel with cutting-edge technology solutions. The validation from such esteemed institutions is a testament to our team’s hard work and commitment”
About AugurAI
Founded in 2022 by Ravishankar Rajagopalan, augurai is a Machine Vision solution to enhance Quality Assurance in Manufacturing. It is a complete solution that includes a Special Purpose Machine (SPM), Cameras and Computer Vision algorithms to identify defects in real time.
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