# SwitchOn

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

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.switchon.io
- Total disclosed funding: $5.4M
- Latest round: Series A (Apr 17, 2023)
- Investors on record: 4

## About

Abee Research Labs Private Limited doing business as SwitchOn, based in Bangalore, India, specializes in providing advanced AI-powered quality inspection solutions designed for the manufacturing sector. Founded in 2017, based in Bangalore, India. Abee Research Labs Private Limited focuses on integrating AI technology for quality assurance in manufacturing. The company has raised USD 8 million in a funding round led by IvyCap Ventures, with participation from SIG Tattva and Trifecta Capital. The Co-founders are Aniruddha Banerjee and Avra Banerjee who have prior experience in technology and startups. Since inception, the company has completed four funding deals.Abee Research Labs offers AI-driven quality inspection solutions tailored for sectors like automotive, pharmaceuticals, consumer goods, and electronics. Their flagship product, DeepInspect, employs advanced computer vision to identify visual defects with over 99.5% accuracy, enhancing quality assurance processes. Their clientele includes global manufacturers such as Unilever and SKF, aiming for zero-defect production through real-time inspection and quality control within key markets across North America, Europe, and parts of Asia.In 2023, Abee Research Labs generated revenue of USD 329,901.311, with an EBITDA of USD (463,614.167), primarily through subscriptions for their DeepInspect service, allowing B2B clients to enhance quality assurance processes while accommodating varying production needs. Following its recent USD 8 million funding round led by IvyCap Ventures, with participation from SIG Tattva and Trifecta Capital, SwitchOn plans to accelerate its global expansion, strengthen its AI capabilities for manufacturing, and advance the development of next-generation Physical AI solutions. The company also aims to expand its presence across key manufacturing sectors worldwide.

## Funding rounds

- Series A, Apr 17, 2023, $4.2M — The Chennai Angels, Axilor Ventures, pi Ventures
- Seed, May 31, 2021, $0.1M — Society for Innovation and Entrepreneurship, Axilor Ventures, pi Ventures
- Seed, Jun 7, 2019, $1.1M — The Chennai Angels, Axilor Ventures, pi Ventures

## Investors

- The Chennai Angels (https://capitalatlas.ai/funds/the-chennai-angels) — Seed, Series A
- Axilor Ventures (https://capitalatlas.ai/funds/axilor-ventures) — Seed, Series A
- pi Ventures (https://capitalatlas.ai/funds/pi-ventures) — Seed, Series A
- Society for Innovation and Entrepreneurship (https://capitalatlas.ai/funds/society-for-innovation-and-entrepreneurship) — Seed