Arya.ag Invests In Computer Vision-focused SaaS Startup Assert AI
Arya.ag, a grain commerce platform, has made a strategic investment in computer vision-focused SaaS startup Assert AI.
The development is part of Assert AI’s latest funding round, amounting to $2 million. Prashant Purker, Ex- MD & CEO of ICICI Venture, also participated in the funding round.
As per Assert AI, the raised funds will be used to expand its presence overseas in the USA market and develop exclusive products for the agriculture industry.
Assert AI | Futurify your CCTV cameras
Co-founded by Nitin Jain and Job Philip, Assert AI is a computer vision-focused SaaS startup providing artificial intelligence-based video analytics solutions for every type of business, enterprise or corporation.
The startup builds customizable and result-oriented AI solutions to enable its clients to make giant strides in efficiency and data-based decision analytics.
Speaking about the development, Job Philip, Co-Founder of Assert AI, said,
“Digitization and related proliferation of video, as well as other forms of the visual medium, is on an ever-increasing exponential curve. The need of the hour is to transform observations from these mediums into actionable business insights and ensure that this is executed in real-time. The latest round of funding furthers our resolve to continue pioneering innovation in the visual analytics landscape and expand its reach to large untapped segments, including agriculture.”
Assert AI’s offerings include face recognition, object detection, weapon detection in high-risk areas, docks utilization, packet counting in warehouses, and safety gear detection, among others.
Under this context, the computer vision-focused SaaS startup aims to have a unique proposition in translating computer vision analytics into actionable business intelligence for businesses of all sizes.
Commenting on the development, Prasanna Rao, Co-Founder & Managing Director at Arya.ag, said,
“At Arya.ag, we endeavour to digitize an otherwise conventional agri value chain. Tech-led computer vision ensures complete assurance for farmers, lenders, and buyers as they transact on our platform. Through our strategic investment in Assert AI, we aim to consolidate our AI & Blockchain offerings. This partnership will work towards conceptualizing and innovating computer vision solutions specifically for the agricultural ecosystem.”
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