# Inspektlabs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/inspektlabs

- Industry: Software
- Headquarters: Delaware, US
- Website: www.inspektlabs.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Jan 27, 2020)
- Investors on record: 1

## About

Inspektlabs Inc. provides innovative automation solutions that enhance inspection processes through advanced computer vision and machine learning technologies, primarily serving manufacturing, logistics, and insurance sectors.Inspektlabs Inc., founded in 2018 in Delaware, US, specializes in automation solutions for inspection processes. The company raised INR 45 million in venture funding on July 3, 2020, co-led by Better Capital and Titan Capital. Devesh Trivedi serves as both the CEO and founder, with a history of entrepreneurship in the tech sector. The company has completed 2 deals to date.Inspekt Labs specializes in innovative automation solutions designed to enhance inspection processes across various industries. Their core product offerings revolve around a proprietary platform utilizing advanced computer vision and machine learning technologies to streamline quality control and inspection tasks. This technology is particularly beneficial in sectors such as manufacturing, logistics, and insurance, where it helps users detect defects, ensure compliance, and improve operational efficiency. By automating the inspection workflow, Inspekt Labs effectively reduces the time and resources required for manual inspections, providing significant value to clients, including manufacturers, logistics companies, and insurance providers, primarily in North America and Europe.Inspekt Labs generates revenue through a subscription-based model, allowing clients access to their inspection platform. Business transactions typically involve direct partnerships with companies integrating Inspekt Labs' technology into their operations. Clients subscribe to various pricing tiers based on the number of inspections or features utilized, resulting in a scalable revenue stream tailored to meet each organization's needs. Their flagship product, leveraging machine learning to enhance inspection accuracy, is central to these transactions, enabling clients to optimize quality assurance while managing costs effectively. The company's revenue structure supports B2B relationships, collaborating closely with clients to deliver customized solutions that drive efficiency and quality improvements in their operations.In July 2020, Inspektlabs Inc. raised INR 45 million in venture funding which will be utilized to support the development of new products aimed at expanding their automation solutions. The company plans to target new markets in Asia and South America by 2023, focusing on regions where automation in inspection processes can drive significant operational improvements. With this funding, Inspekt Labs aims to enhance its product offerings and increase market penetration across various industries.

## Funding rounds

- Seed, Jan 27, 2020, $0.1M — Techstars

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed