Startup Control One AI has secured a fresh funding of $350,000 and it comes from a diverse group of backers from the United States and India. The prominent supports include Kunal Shah from CRED, Chaitanya R from Wakefit, and Amit Singh, formerly of Avendus Capital.
Control One AI specializes in artificial intelligence (AI) for robotics. It has also garnered support from some top supply chain executives from major companies like Tesla, Amazon, Walmart, eBay, Mercedes-Benz and General Electric. This means there is a widespread interest and confidence in the startup.
The investment will help Control One AI to allocate resources towards the development of a fully functional prototype and subsequent pilot validations. It is a strategic approach on part of the startup and it aims to validate the efficacy of their AI solutions in the real-world.
However, the core of its mission is the development of AI that is tailored specifically for slow-moving equipment used in various supply chains. The company envisions a transformative impact on productivity, safety and job satisfaction.
Control One CEO Pranav S expressed a commitment to leveraging advanced AI so that it can elevate the capabilities of slow-moving equipment beyond human levels of intelligence.
Data from Bureau of Labor Statistics (BLS) reveals the supply chain labor market in the US is valued at $531 billion. Considering the trend, Control One AI is looking ahead to address the evolving landscape of the segment with the use of AI.
Hence, the recent funding is considered as a milestone for the company and it is an important step towards realizing their vision of revolutionizing supply chain operations. The convergence of investor support, industry expertise and market demand position it as a key player in the ongoing digital transformation of the global supply chain ecosystem.
