Retail-tech platform Constems-AI raises $2-M led by Finvolve

Deep-tech startup Constems-AI has raised USD 2 million (about INR 18.3 crore) in its pre-Series A funding round led by multi-stage venture capital fund Finvolve - a joint venture of India Accelerator (IA) and Finolutions. The round also saw participation from existing investors Cogniphy, Inflection Point Ventures, and IIM Lucknow Enterprise Incubation Centre.Founded in 2017, Constems-AI offers a SaaS platform called CAInatics that helps companies automate retail and supply chain operations using image and video data. The platform analyses retail shelf images to track product placement, compliance and other in-store execution parameters across the retail value chain.The startup plans to use the fresh capital to advance its AI models, expand R&D efforts and strengthen its product engineering and data infrastructure. It will also use the capital to scale enterprise deployments globally and expand its presence in markets such as Southeast Asia, Japan and the Middle East.