The AI-first robotics startup Control One AI has raised $350,000 from a group of investors in the US and India, including top supply chain executives from Silicon Valley’s Tesla, Amazon, Walmart, eBay, Mercedes-Benz, and General Electric, as well as Kunal Shah, the founder of CRED, Chaitanya R, the co-founder of Wakefit, and Amit Singh, the former MD of Avendus Capital.
As per the company’s press release, the funds will be utilized for the development of a fully functional prototype and the execution of successful pilot validations. Additionally, it will soon present the first working prototype that shows the AI in action.
Control One AI is developing an artificial intelligence specifically designed for slow-moving equipment used in the supply chain.
“Our mission is to transform slow-moving equipments worldwide using our advanced AI, enhancing vehicles to reach—or even surpass—human levels of intelligence. This technology will empower blue-collar workers worldwide to achieve greater productivity, safety, and satisfaction in their roles,” said Pranav S, founder and CEO of Control One.
The US supply chain labor market is currently valued at $531 billion, according to a report published by the Bureau of Labor Statistics (BLS). Control One AI tries to tackle the global issue in light of the AI infrastructure that is being developed this decade.
