Deep-Tech Startup Raising Funds In Mumbai

About Business

Company Overview
A deep-tech startup is revolutionizing quality assurance and material analysis through advanced hyperspectral machine vision systems powered by AI. The company specializes in developing real-time, high-speed inspection solutions across four key sectors: Textile, Aerospace, Pharmaceutical, and Agriculture.
Textile Industry Solutions
In the textile industry, the company’s proprietary hyperspectral systems detect minute fabric defects, color variations, and chemical inconsistencies at speeds up to 80 meters per minute. Deployed with leading manufacturers, the technology enhances grading precision, reduces manual inspection costs, and improves throughput with pinpoint defect localization and analytics.

Aerospace Industry Applications
In aerospace, the company extends its capabilities to monitor surface integrity, composite delamination, and thermal characteristics of materials. Their solutions ensure compliance with stringent safety standards through non-destructive evaluation and real-time spectral diagnostics.
Pharmaceutical Sector Solutions
In the pharmaceutical sector, the company provides hyperspectral tools for pill coating uniformity, contamination detection, and raw material verification. Their systems enable in-line inspection and help maintain GMP standards by analyzing spectral fingerprints beyond the visible spectrum.
Agriculture Industry Solutions
In agriculture, the company offers solutions for early disease detection, soil nutrient analysis, crop health monitoring, and post-harvest quality grading. By leveraging spectral insights, the company supports precision farming practices, yield optimization, and sustainable resource management.
Technological Expertise
Backed by a multidisciplinary team of scientists from renowned organizations like ISRO and CERN, the company blends AI, optics, and engineering into powerful, scalable products. Their roadmap includes expanding into dual-use technologies, enabling applications in national security, space exploration, and environmental safety.
Current Projects & Patents
The company has already secured three patents and is currently working on high-profile projects, including a 6 crore project with ISRO and a 10 crore project under the IDEX initiative. They are actively seeking funding and collaborations to scale production, enhance R&D, and deploy their solutions across global markets.

Clientele type

Industries Served
1. Textile & Apparel
- Terry towel manufacturers
- Upholstery and furnishing fabric producers
- Grey fabric processors
- Garment exporters
- Textile R&D laboratories

2. Aerospace & Defense
- Aircraft component manufacturers
- Space research organizations
- Defense material inspection units
- Satellite payload quality verification

3. Pharmaceutical
- Tablet and capsule manufacturers
- Pharmaceutical packaging companies
- GMP-compliant drug production facilities
- Active Pharmaceutical Ingredient (API) producers

4. Agriculture & Agri-Tech
- Seed companies
- Agri-input manufacturers (fertilizers/pesticides)
- Smart farming startups
- Food processing and grading units
- Soil and crop testing laboratories


Client Types
- Manufacturers: Seeking automation of quality control processes
- R&D Centers: Looking for advanced spectral analysis tools
- Exporters & Quality Auditors: Ensuring product compliance and grading accuracy
- Tech Startups: Integrating hyperspectral vision systems into their platforms
- Government & Defense Organizations: Requiring specialized inspection or monitoring tools
- Universities & Research Institutions: Using spectral and material analysis systems for research
- OEMs & System Integrators: Incorporating hyperspectral modules into larger, integrated solutions

Premises

LEASED

Lease per month (in INR): 22.00 K

Security Deposit (in INR): 1.00 L

Carpet Area: 150 sq ft

Aadimata Complex Plot 46 C/B SION TROMBAY ROAD MUMBAI 400071

Asking Price Includes

Investment Structure:

- Equity Offered: 12% - 18% equity, negotiable based on the ticket size.
- Convertible Option: Available as a CCD/SAFE with 12% interest p.a., convertible at a ₹15 Cr post-money cap within 24 months.
- Board Representation: Optional for the lead investor.
- Exit Options: Potential exit options include a Series A round (within 2 - 3 years), a strategic buyout (via OEM, Defense, or Aerospace partners), or a revenue-linked dividend after breakeven.

Asking Price

INR 2.00 Cr

Minimum ticket size

INR 10.00 L

Reason

Investment Breakdown:

The total estimated allocation for the project is broken down across several key categories as follows:

1. Machineries & Hardware: INR 70,00,000 will be used for the manufacturing of custom hyperspectral cameras, optical alignment tools, lens systems, calibration units, enclosures, and lighting setups to support pilot-scale production.

2. Sensor and Optics R&D: INR 25,00,000 is allocated for the design, prototyping, and testing of custom spectral sensors (VIS-NIR range), grating modules, collimators, and precision slits.

3. Software & AI Development: INR 20,00,000 will focus on creating the front-end UI, real-time dashboard, spectral analysis algorithms, and a textile defect classification AI using either YOLOv8 or a custom pipeline.

4. Land Lease & Security Deposit: INR 30,00,000 is required for the advance lease and security deposit for securing a 1,500–2,000 sq.ft facility in Gujarat or Maharashtra, which will house R&D and pilot manufacturing operations.

5. Team Wages (6 months): INR 25,00,000 will be used to cover salaries for five core team members: an optics engineer, AI engineer, hardware assembler, software developer, and operations head.

6. Marketing, Travel & Pilot Deployment: INR 15,00,000 is earmarked for implementing a Proof of Concept (POC), including travel to client sites such as Trident and Welspun.

Licenses

Deep Tech, 3 Patents

More Details

This team consists of highly experienced professionals, each bringing specialized expertise to the company:

- Chief Scientific Advisor: A veteran space scientist with 23 years in hyperspectral remote sensing, leading innovation in satellite imaging and data analytics for industrial vision solutions.

- Head of AI & Data Systems: A nuclear scientist with expertise in data processing and radiological modeling, focusing on AI models for defect detection, chemical analysis, and anomaly classification.

- Chief Technology Officer (CTO): A software development leader with 15 years of experience, overseeing image processing, AI infrastructure, software architecture, and system integration.

- Strategy & Growth Advisor: A serial entrepreneur who provides business strategy, fundraising, and market fit guidance to drive the company’s growth.

- Medical and Investment Advisor: A radiologist and investor who links hyperspectral analysis to healthcare and pharma applications, offering insights for clinical and strategic decision-making.

- Data Scientist, Spectral Analytics: A spectral data processing expert based in Lebanon, contributing to the multi-domain adaptability of AI models.

- Scientific Collaborator, CERN: An expert in particle detection and optical design, advising on advanced aerospace-grade machine vision systems.

Together, they form a diverse and highly skilled team, pushing the boundaries of technology in spectral analysis and AI applications.