Delhi-based video analytics startup Wobot Intelligence has raised an undisclosed amount in its pre-series A funding round from Sequoia India. The funding comes at a time when there has been an increased focus on hygiene and safety due to the ongoing coronavirus pandemic.
The company plans to use the funds to expand its presence globally. Further, the funds will be used to strengthen its technology platform and team, appoint some key executives, expand its sales efforts, and accelerate product development.
Founded by Adit Chhabra, Tanay Dixit, and Tapan Dixit, Wobot’s technology connects to CCTV and other cameras to monitor SOP compliance and detect anomalies in hygiene, safety, productivity, and customer experience.
“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,” said Adit Chhabra, co-founder, and CEO of Wobot.
Wobot is leveraging deep learning to achieve productive and automated monitoring. The smarter video analytics solution can be personalized and implemented across various industries including hospitality, manufacturing, pharma, and retail.
Ashish Agrawal, Principal at Sequoia Capital India LLP, said, “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.”
The CCTV installation market is estimated to grow at a CAGR of 11% YoY globally compared to the pre-COVID-19 metrics, the company claims.