PE-VC Fund Investments
Factory ops optimization platform UGX.ai raises $1-M led by Blue Ocean
Gurugram-based industrial DataOps platform UGX.ai has raised USD 1 million in a seed round led by Blue Ocean Venture Partners. The round also saw participation from DeVC, iSeed, Atrium Ventures, and Point One Capital, along with angel investors Ramakant Sharma (Livspace), Prateek Maheshwari (PhysicsWallah), Lovleen Bhatia (Edureka), Meghna Agarwal (IndiQube), Varun Pahwa (Pahwa Group), Asad Khan (LambdaTest), Dinesh Prasad (ex-Qualcomm India), Sai Yagnyamurthy (ex-Ford Motor Company), Gopi Prasad (ex-Salesforce), Shekhar Vemuri (Emerge-In), and Manish Agarwal (KGeN).UGX.ai offers a platform to connect factory machines, sensors, and controllers, providing standardised, real-time data acquisition and reliable insights to enable industry adoption by creating real-time visibility and a unified view of factory operations.The funds will be used for UGX.ai’s India and overseas expansion plans, product innovation, and scaling adoption of its AI-powered enterprise apps and connectors for manufacturing.
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