Inkers Technology
Overview
Inkers Technology is a proptech startup headquartered in Bengaluru, India. The company, co-founded by Rohan Shravan, Manish Giri, and Srikanth Kandada in 2015, specializes in AI-powered construction management solutions. Inkers recently secured $3 million in a Series A funding round led by Ashish Kacholia from Lucky Investments, following a previous raise of $2.03 million. The company's flagship product, Observance, uses AI to optimize construction processes, enhancing efficiency and precision in project management.
Recent Developments
- December 2024: Inkers Technology secured $3 million in Series A funding led by Ashish Kacholia's Lucky Investments. The funds will be used to expand its market presence and improve its AI-powered construction management platform, Observance.
- 2024: Observance was deployed across 150+ sites in major Indian cities, scanning over 250 million square feet and processing more than 2 petabytes of data. The platform identified over 40,000 defects, offering clients significant cost and time savings.
- 2023-2024: Inkers was awarded the Proptech AI Application of the Year at the Realty+ Conclave & Excellence Awards 2023 and the HDFC Tech Innovators 2024 award, highlighting its impact in the construction industry.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 19 June 2015 |
| Headquarters | Bengaluru, Karnataka, India |
| Founders | Rohan Shravan, Manish Giri, Srikanth Kandada |
| Revenue | $4.4 million (2024) |
| Profits | Not disclosed |
| Key Investors | Ashish Kacholia, Sailing Stones Technologies |
| Industry | Proptech, AI Technology |
| Number of Employees | 29 |
| Major Product | Observance AI-Powered Platform |
Early History
Founded in 2015, Inkers Technology quickly made its mark by creating deep large-scale AI and machine learning solutions for enterprises. The company initially focused on deep video processing, utilizing technologies such as computer vision and deep neural networks. It transitioned to the construction sector with the development of its flagship platform, Observance, which leverages advanced AI functionalities to innovate construction management through enhanced data processing and project insights.
Company Profile and Achievements
Inkers Technology has steadily grown by offering AI and machine learning solutions that enhance construction management. Key achievements include:
- Development of the Observance platform, which converts complex construction data into actionable insights for construction teams.
- Successful deployment and operation across numerous sites in India, showcasing scalability and reliability.
- Recognition in the industry through awards like the Proptech AI Application of the Year and the HDFC Tech Innovators award.
- Contribution to significant time and cost efficiencies for clients, aiding in the digital transformation of the construction industry.
Current Operations and Market Position
Currently, Inkers Technology operates mainly within the Indian market, focusing on the digital transformation of the construction industry. Its Observance platform continues to garner attention for its efficiency and precision, positioning the company as a leader in proptech innovation. By leveraging AI and cutting-edge technologies, Inkers aims to drive sustainable growth in infrastructure projects, solidifying its competitive advantage in the market.
Conclusion
Inkers Technology stands as a significant player in the proptech industry, with its innovative use of AI to enhance construction management processes. Its growth trajectory is marked by strategic funding, award-winning technology solutions, and a commitment to transforming the construction landscape. With continued expansion and improvements in its product offerings, Inkers is poised to make lasting impacts in proptech, both in India and possibly on a global scale.