Latest Lincode Labs News
Jun 10, 2020
by YourStory source: Yourstory US and Bengaluru-based Lincode Labs Inc, an AI-backed visual inspection startup, on Tuesday announced that it has raised seed funding from Come Back Capital and RSCM LLC. The startup also received additional funds through angel investment led by The Enfich Group. Lincode Labs said it plans to utilise the institutional funds for product development, research and development, sales and marketing activities. The angel investment will be deployed for patent-filing and business expansion. Founded in 2017 by Rajesh Iyengar, CEO, and Ritika Nigam, CTO, Lincode is an artificial intelligence (AI), machine learning (ML), and deep learning company enabling manufacturers to inspect the quality of the products they produce and improve the overall efficiency using computer vision. Lincode’s patent-pending technology integrates ML and factory automation to enable manufacturers to identify, predict, and eliminate product defects. The solution is a combination of complex algorithms, deep learning models, and synthetic data sets. It claims to identify defects faster and with greater accuracy than traditional vision systems. Lincode Labs has also designed SMAARC (Smart Manufacturing, AI, AR, and Robotics Consortium), an ecosystem of industrial partners, to scale-up the future of manufacturing technology and innovation. The startup is also continuously augmenting its R&D efforts to address the challenges faced by manufacturers. It is looking to further expand its patent portfolio as it develops new products and technologies. Lincode Labs has a presence in India, US, and Europe with a client base of about 40 clients globally across automotive, electronics, pharmaceutical, polymer, and metal industries.