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[Funding alert] Vision AI Company SwitchOn raises $4.2 Mn Series A funding

SwitchOn, a cutting-edge Vision AI company, today announced that it has secured Series-A funding of USD $4.2 Million led by a Singapore-based fund, Axilor Ventures, Pi Ventures, and prominent angels such as Anuj Bihani, Laxmi Narayan, and others. This investment will allow SwitchOn to continue its rapid growth in India, scale internationally with large enterprises, make key hires in Sales and Technology, and invest in research and development.

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SwitchOn’s unique AI system helps manufacturing industries reduce defects and improve product quality. Leading manufacturing customers like Unilever, ITC, SKF, and others have integrated the cutting-edge SwitchOn platform to train deep-learning quality control models within hours. SwitchOn’s DeepInspect helps manufacturers identify complex surface defects quickly and achieve superhuman accuracy of over 99%+. The quick setup uses less than 200 good images to train AI models and enables manufacturers to adopt and completely automate their quality inspection and deploy hundreds of SKUs within days.

While manufacturing companies globally employ more than 25% of their workforce on quality inspection alone, they still face over 50 customer complaints per plant every year, leading to spending of over $6.5 billion in brand reputation impact, product wastage, and losses.

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“We believe that we have stabilized AI to the point where single-day trials and single-week deployments are finally a reality. We are thrilled to have the support of investors who understand the Industrial B2B SaaS space as we continue to make Zero-Defect a reality for the manufacturing industry,” said Aniruddha Banerjee, Co-Founder, SwitchOn.

“Over the last 4 years, SwitchOn has scaled with multiple Fortune 500 customers globally, by leveraging their innovative AI technology to deliver Zero-Defect to manufacturing. SwitchOn has unlocked the inspection of complex use cases in automotive parts, consumer goods, and pharmaceuticals which shows the robustness and scalability of the platform. Since Day 1, we have been extremely impressed by Aniruddha, Avra, and the entire team at SwitchOn, and are excited to continue supporting them as they build a world-leading Vision AI Company from India ” said Shubham Sandeep, Managing Director at Pi Ventures.

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Nandan Venkatachalam, from Axilor, added “We have seen SwitchOn’s focus on the ‘Zero Defect Manufacturing’ evolve from strength to strength since our first investment in 2018. With defects remaining the single largest cost leakage for manufacturing units, there has been a strong need to use AI-driven solutions to remove manufacturing level defects”.

“Our proprietary deep learning-based algorithms can adapt with minimal domain data to provide highly accurate, high-speed defect detection. With this funding, we plan to expand our technology and R&D teams and focus on unlocking never-before-solved use cases in manufacturing” said Avra Banerjee, Co-Founder, SwitchOn.

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About SwitchOn

SwitchOn DeepInspect was launched in 2020 by Aniruddha (ex-Nvidia, ex-Samsung) and Avra (ex-Schneider, ex-Team Indus) with the vision of eliminating defects in Manufacturing. SwitchOn helps precision manufacturing Industries drastically reduce their manufacturing defects through the use of a one-of-a-kind field-trainable AI system.

Leading global manufacturers such as SKF, ITC, Unilever, and others are using the SwitchOn platform to give quality superpowers to their Inspectors and ensure zero defects in their plants.

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