In a round headed by India Quotient and Elevation Capital, the founding partners of ShareChat, Farid Ahsan and Bhanu Pratap Singh, secured $3 million in early money for a new business in the industrial robotics market.
According to a post by Ahsan on X, formerly Twitter, the new business, General Autonomy, will create artificial intelligence-driven machinery to automate portions of labour operations in factories.
The goal of General Autonomy, according to the former COO of ShareChat, is to “revolutionise the future of factories”, as reported by ET.
Participating in the seed investment round were angel investors including Livspace cofounder Ramakant Sharma, ShareChat founder Ankush Sachdeva, and Zetwerk cofounder Srinath Ramakkrushnan.
Factories are complex puzzles, and automation is the key to seeing the full picture, leading to safer, efficient, and standardized production, he added.