DesignX, a startup reworking the manufacturing trade digitally, has raised $1 million in a pre-Sequence A funding spherical led by Piper Serica Angel Fund.
In 2021, the startup had raised $300,000 in fairness from Modular Capital, Accel, and some manufacturing trade veterans.
What does DesignX do?
Based by engineering graduates and manufacturing veterans— Rajat Srivastava and Nishant Srivastava, DesignX focuses on hyper-automation for manufacturing store flooring.
The startup’s product — The Df-OS platform, helps Lighthouse factories improve productiveness and sustainability by real-time information analytics. It serves sectors like automotive, FMCG, and client electronics by decreasing waste and decreasing carbon footprints.
DesignX goals to remodel manufacturing with minimal infrastructure funding, akin to the impacts of UPI and 4G applied sciences.
Objective of fundraising
With the recent funding, DesignX plans to broaden its Df-OS in key markets like APAC, Japan, and Europe.
The startup stated that the capital will assist factories obtain Lighthouse standing, specializing in AI-driven analytics and sustainability. The initiative goals to boost product growth and disrupt world manufacturing processes as a part of DesignX’s mission to “Disrupt with out Disruption.”
“We began with an concept that has now taken form as a strong product that can redefine world manufacturing. This funding will assist make sure the world is aware of about our progressive options,” stated Rajat Srivastava, CEO and Co-Founding father of DesignX.
Nishant Srivastava, CTO and Co-Founder, added, “DesignX is dedicated to constructing superior know-how for the manufacturing trade. The brand new funding will improve our Df-OS utility, making certain improved efficiency and quicker adoption.”
It claims to have partnerships with main trade gamers, resembling Unilever, Hero Moto, and Dabur.
Business progress potential
Digital transformation poses important challenges for a lot of producers because of outdated processes and inadequate infrastructure. DesignX’s Df-OS tackles these points by considerably decreasing each the time and value concerned in reworking manufacturing facility processes. This allows producers to rapidly adapt to modern calls for.
The manufacturing facility course of utility market is experiencing important progress, at present valued at roughly $34 billion yearly. DesignX goals to seize a 50% share of this market over the following 7 to 10 years.
Ajay Modi, Funding Director at Piper Serica, remarked, “India is on the cusp of a producing revolution. DesignX’s Df-OS affords a versatile, cost-efficient resolution that understands manufacturing processes higher than ever. We’re excited concerning the potential of this instrument and the sturdy demand we foresee within the manufacturing ecosystem.”
Aiming to double its buyer base
Up to now three years, DesignX has digitized over 10,000 processes throughout greater than 500 factories, connecting over 1,400 machines in real-time and securing greater than 405 clients.
The startup now goals to double its buyer base, broaden into new areas, and obtain important annual reductions in CO2 emissions by optimized manufacturing processes.