AI-based vision systems maker Ripik in talks to raise Rs.150-Cr from Gaja Capital

Noida-based Ripik.ai is in talks to raise between INR 140-Cr and INR 150-Cr in a funding round led by the private equity firm Gaja Capital.The company, founded to develop AI-based vision systems, provides technology to monitor and improve manufacturing operations. It deploys a combination of hardware and software, including cameras, sensors, and proprietary AI models, to monitor equipment, materials, and production processes at large industrial units.Ripik.ai intends to use the capital to support its ongoing business expansion. The company has reported a growth rate of two to three times annually since the previous year.