Deeptech Startup Cron AI Raises $4M From VenturEast, Kitaki Ventures
- ByStartupStory | May 13, 2021
A deeptech startup, Cron AI raises funding to accelerate the delivery of senseEDGE™, a sensor-agnostic 3D data perception platform. which aims to address the requirements of 3D sensing, perception, and processing in new markets.
The aim behind deeptech startup Cron AI raising funding as stated by Tushar Chhabra, Co-founder and CEO, Cron AI,
“The 3D sensing and automated systems markets are moving towards moon-shot growth as evidenced by the recent successful SPACs across the value chain. This new investment demonstrates the confidence our investors have in our approach and vision towards becoming the heart of an autonomous future.”
Deeptech startup Cron AI technology is said to be in advanced stages of development, with test kits already set to be shipped to customers in the second half of 2021.
Regarding deeptech startup Cron AI funding Srikanth Sundararajan, General Partner, VenturEast, said,
“There is a high demand for deep learning deployment on the edge for real-time data inferencing, including 3D image extraction. Many industries are rapidly shifting away from the traditional centralised cloud model to the compute at the edge. Our investment thesis on this space is strong, thus we were keen to invest in Cron AI with their specific focus on edge computing and differentiated IP as it relates to perception technology.”Deeptech startup, Cron AI raises funding worth $4M in the Series A round led by VenturEast and Kitaki Ventures. Existing investor YourNest Venture Capital also participated in the round as reported on Tuesday.
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