Delhi-based video analytics platform Wobot Intelligence has raised $2.5 Mn in pre-Series A round led by Sequoia India to strengthen its proprietary technology platform and expand globally.
A part of the fund will also be used to 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 customers.
Wobot Intelligence was founded by Adit Chhabra, Tapan Dixit, and Tanay Dixit. It offers AI-powered video analytics tools that can be incorporated into existing CCTV or other forms of camera systems to monitor process compliance while detecting and tracking anomalies in an organisation’s Standard Operating Procedures (SOPs) — hygiene, safety, productivity, and customer experience to customers across industries.
The company has a workforce of more than 60 people, and has completed the installation of its video analytics solutions for big brands like Kitopi, CultFit, Rebel Foods, Travel Food Services, EatFit, Blue Tokai, Apparel Group, Max Estates & Housing, and more. Even Indian Railway Catering and Tourism Corporation (IRCTC) had signed up with Wobot to monitor the food production process across its several base kitchens.
Wobot’s cofounder and CEO Chhabra said, “Wobot’s vision has always been to create a transparent and seamless workplace with 100% process compliance where the camera acts as a third eye and provides continuous feedback for employees on the job. 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 compliances.”
Prior to this, the company had previously raised an undisclosed amount in a seed round led by Snapdeal founders Kunal Bahl and Rohit Bansal’s investment arm Titan Capital. Commenting on the latest funding, Ashish Agrawal, principal at Sequoia Capital India, said that computer vision has seen tremendous advances in recent years, resulting in widespread adoption for varied enterprise needs.
“This includes process compliance in areas such as security, manufacturing, and retail. Increased concern for hygiene and safety post-Covid-19 has heightened the importance of process compliance. Sequoia India is excited to partner with the Wobot team as they build a global SaaS business serving this enterprise need,” it added.
Wobot competes with Vidooly Delhi-based Corseco, San Francisco-based 3VR, IntelliVision, Duranc, Staqu, Emza Visual Sense, Uncanny Vision, and Cognitifai London, among others.
Recently, Vidooly introduced its latest offering COVIDSHIELD, which is an AI-powered video analytics solution to ensure that there are no Covid-19 preventive measure violations in an enterprise. The company had told Inc42 that they will be expanding the use cases of their latest offering to offer an organisation management solution.
The post Video Analytics Platform Wobot Bags $2.5 Mn Led By Sequoia appeared first on Inc42 Media.
Author: Kritti Bhalla
Source : https://inc42.com/buzz/video-analytics-platform-wobot-bags-2-5-mn-led-by-sequoia/
Date : 2020-08-04T12:49:48.000Z