EaseMyAI Raises Rs 1.8 Cr in Seed Round Led by Inflection Point Ventures
- ByStartupStory | March 2, 2023
EaseMyAI, a company focused on developing innovative AI-based products, has raised ₹1.8 crore in a seed round led by Inflection Point Ventures (IPV). Their mission is to create user-friendly products with drag and drop options that allow businesses to customize their solutions easily. By taking this approach, EaseMyAI aims to make AI more accessible to businesses of all sizes and sectors.
EaseMyAI has created a highly scalable and easy-to-deploy product that specializes in automating operations and processes. The company has also filed a patent for an AI-based operating system that helps businesses streamline their operations and improve efficiency through automation. By using this system, businesses can reduce costs, increase productivity, and enhance the quality of their services.
According to Madhukar Bhardwaj, Vice President of Business Development and Investments at Inflection Point Ventures, EaseMyAI is at the forefront of technology adoption, using computer vision and AI solutions across various sectors to accelerate rapid AI adoption. Their platform and solutions are scalable, empowering companies of all sizes, including those with smaller operations or legacy systems, to become tech-ready and grow faster.
EaseMyAI leverages computer vision and AI to provide Robotic Process Automation (RPA), which automates repetitive tasks and reduces dependence on human resources. With the decision-making power of AI in RPA, the platform can effectively manage operations and compliance. According to Gagan Randhawa, CEO of EaseMyAI, they are developing a smart centralized platform that enables customers to automate and monitor all processes online. IPV, their investor, is more like a growth partner, providing funding, helping with market strategy planning, and connecting them with potential business owners. This support has made their journey relatively easier.
The computer vision market for AI is expected to achieve a CAGR of 26.3% from 2021 to 2026, increasing from $15.9 billion to $51.3 billion. The market growth is driven by several factors, including the growing demand for automation and quality inspection, the rising need for ASICs, and the increasing demand for computer vision systems in non-traditional and emerging applications.
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