Chennai Angels (TCA), one of the most active angel investment groups in Tamil Nadu, has invested Rs 3 crore in Jidoka, a start-up involved in quality oversight for companies. Later this year, a follow-up investment of ₹3 crore has also been made for the second tranche. Jidoka will invest the funds to grow its product for international markets and to grow in North America and later Europe.
The Chennai-based firm specializes in the detection of visual defects and audio testing – processes that are highly subjective by nature in industries such as automotive, packaging, pharmaceuticals, electronics, FMCG and general manufacturing.
“We will also use 25% of the funds for our internal research and development,” said Sekar Udayamurthy, co-founder and CEO of Jidoka Technologies.
Venkatesh Vijayaraghavan, Director & CEO, Cavincare Pvt. Ltd. (Lead Investor from TCA) said, “Jidoka operates in an area that is critical to most companies today. The team has created a range of technology-based product and services solutions that help achieve quality in manufacturing. helps.”
The team of Krishna Iyengar, Vinod Venkatesh and Sekar Udayamurthy strongly believes that automated process rigor with Deep Tech Product Inspection alone can deliver safe and secure products, said Lakshmi Narayanan, former Vice President and former CEO and President of ICT Academy, Cognizant. . consumer, whether it is a drug pill or a component of an electric vehicle.