Funding · AI & Deep Tech
SwitchOn raises $8M Pre-Series B round
By Startup Enthusiast ·
- Date
- Company
- SwitchOn
- What it does
- Physical AI for manufacturing quality inspection
- Kind
- Funding
- Amount
- $8M (₹78 Cr)
- Stage
- Pre-Series B
- Founded
- 2017
- Sector
- AI & Deep Tech
What they do
SwitchOn builds AI-powered quality inspection systems for manufacturing
What happened
It raised $8M (₹78 Cr) Pre-Series B led by IvyCap Ventures, with SIG Tattva and Trifecta Capital
Why it matters
The company has deployed on over 170 production lines across 10+ countries and 4 continents
The details
- SwitchOn raised $8M (₹78 Cr) in a Pre-Series B round.
- The round was led by IvyCap Ventures.
- SIG Tattva and Trifecta Capital also participated.
- The funding is a mix of equity and debt, but the split was not disclosed.
- SwitchOn will use the funds for international expansion and R&D in next-gen Physical AI.
- The company also plans to scale its go-to-market globally.
- This brings SwitchOn's total funding to ~$13.3M.
The bigger picture
- SwitchOn's first production systems were deployed in 2021.
- The company aligns with India's Make in India and PLI schemes.
- Recent similar deals in the space include Ethereal Machines ($28.5M) and Integra Robotics ($1.12M).
About the business
- SwitchOn is a Physical AI startup that provides AI-powered quality inspection for manufacturing.
- Its product is DeepInspect, an edge-native VisionAI platform for defect detection.
- DeepInspect achieves sub-150-micron precision and inspects over 1,200 products per minute.
- Its defect detection accuracy is >99% and it reduces quality inspection costs by up to 50%.
- SwitchOn has deployed on over 170 production lines across more than 60 manufacturing facilities.
- It operates in over 10 countries across 4 continents.
- Customers include Unilever, Bosch, Maruti Suzuki, and ALPA.
- The company serves industries such as CPG, electronics, automotive, and pharmaceuticals.
What happens next
- SwitchOn will use the funds for international expansion.
- It will invest in R&D for next-generation Physical AI.
- The company plans to scale its go-to-market globally.
The deal
- Type
- Pre-Series B
Investors
- IvyCap Ventures (lead) — Venture capital firm; Vikram Gupta is Founder and Managing Partner.
- SIG Tattva (participated) — Investment firm; Shashvat Somany is Founder.
- Trifecta Capital (participated) — Venture debt firm; Abhijit Joshi is Director – Venture Debt.
Founders
- Aniruddha Banerjee, co-founder
- Avra Banerjee, co-founder
About SwitchOn
- Product
- DeepInspect platform using edge-based computer vision to detect product defects on factory lines
- Customers
- Manufacturers in FMCG, electronics, automotive and pharmaceutical sectors
- How it makes money
- B2B software and hardware solution for automated quality inspection with edge-native processing
- What sets it apart
- Sub-150 micron precision defect detection at speeds exceeding 1,200 products per minute
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