SwitchOn

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

SwitchOn - overview

Established

2017

Location

Bangalore, KA, India

Primary Industry

Software

About

Abee Research Labs Private Limited, based in Bangalore, India, specializes in providing advanced AI-powered quality inspection solutions designed for the manufacturing sector. Founded in 2017, Abee Research Labs Private Limited focuses on integrating AI technology for quality assurance in manufacturing. The company has raised USD 4. 2 mn in Series A funding on April 17, 2023, from investors including Axilor Ventures, The Chennai Angels, and pi Ventures.


The founders are Aniruddha Banerjee, Avra Banerjee, and Genny González, who have prior experience in technology and startups. Since inception, the company has completed three funding deals. Abee Research Labs offers AI-driven quality inspection solutions tailored for sectors like automotive, pharmaceuticals, consumer goods, and electronics. Their flagship product, DeepInspect, employs advanced computer vision to identify visual defects with over 99.


5% accuracy, enhancing quality assurance processes. Their clientele includes global manufacturers such as Unilever and SKF, aiming for zero-defect production through real-time inspection and quality control within key markets across North America, Europe, and parts of Asia. In 2023, Abee Research Labs generated revenue of USD 110,400. 80, with an EBITDA of USD -319,776.


60, primarily through subscriptions for their DeepInspect service, allowing B2B clients to enhance quality assurance processes while accommodating varying production needs. Following their recent Series A funding of USD 4. 2 mn, Abee Research Labs plans to expand its growth in India while scaling internationally with large enterprises. The funds will support the expansion of sales and tech teams, as well as research and development efforts to innovate new products tailored for diverse manufacturing needs.


The company aims to enhance its market presence in new geographic regions, focusing on establishing a stronger foothold in North America and Europe by 2024.


Current Investors

The Chennai Angels, Axilor Ventures, pi Ventures

Primary Industry

Software

Sub Industries

Analytics & Performance Software

Website

www.switchon.io

Verticals

Artificial Intelligence, IoT (Internet of Things)

Company Stage

Series A

Total Amount Raised

Subscriber access only

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.