Infilect has raised $1.5 mn in pre-series A funding led by Mela Ventures and 1Crowd, with participation from The Chennai Angels (TCA). The company said it will use the funding to boost its sales and marketing. It will also further its R&D in Image Recognition (IR) for the retail industry, especially in areas like supply-chain optimisation, store personalisation, and category planning.
Infilect helps retailers use Image Recognition (IR) and Artificial Intelligence (AI) in planning their assortment in stores. The startup has helped industries in retail, FMCG, consumer electronics, food & beverages, and home improvement sectors across geographies.
“We are excited to be partnering with Mela Ventures, 1Crowd, and TCA. The investment and mentorship will help us build cutting-edge Deep Technology products and boost our enterprise sales in global markets,” said Vijay Gabale.