An industrial technology startup, SwitchOn raised $1 million in a seed funding round led by piVentures, an Indian deep-tech focused venture capital fund and others.
Axilor Ventures and angel investors from The Chennai Angels have also participated in the funding round.
The company was founded by Aniruddha Banerjee and Avra Banerjee in and helps in manufacturing industries identify plant-level bottlenecks and improve equipment efficiency.
Aniruddha Banerjee said, “SwitchOn is leveraging deep expertise in hardware and software design to create state-of-the-art edge solutions for increasing transparency, reducing turn-around, and improving quality on the shop-floor of manufacturing industries to ultimately achieve operational excellence”.
Manish Singhal, founding partner, pi Ventures, added, “What attracted us to invest in them was their clear understanding of the technology and customer needs. Another winning point was their minimally intrusive solution, the need of the hour in the industrial IoT space”.