Kochi, December 26, 2018: Tranzmeo, a NASSCOM 10,000 Start- ups warehouse protégé has secured an undisclosed pre-seed round funding from Hindustan Petroleum Corporation Limited, India (HPCL) for its AI powered product, T-connect OneView. This marks the only AI start-up in the state to get PSU investment from a Fortune500. Thestart-up will be utilizing the funds to accelerate research and development of its advanced, proprietary technology and product line-up, bolster business development opportunities, and to double the company headcount over the next twelve months. HPCL will also be taking the start-up’s board seat as directors.
the year 2017, by engineer turned entrepreneur, Safil Sunny, Tranzmeo in the
last one years has uniquely placed itself into the world of AI. Based on deep learning
and other Artificial Intelligence (AI) technology, the start-up has developed
‘T-connect OneView’ a self-learning, data-driven, comprehensive Anomaly
forensics application that runs on data streams to impact Energy industries.
T-connect OneView streams through real-time machine data to learn machine
behaviour and predict anomalies. The application is capable of classifying the
kind of failure from the incoming data stream and generate alerts and alarm to
the concerned authority.
the investment, Mr. Sanjay Kumar -Chief General Business Development HPCL
said, “Tranzmeo is a uniquely positioned technology company with
significant growth opportunity. The team has developed an impressive product
and we’re excited to be working together to scale the business.”
the fund raise, Safil Sunny, Founder and CEO, Tranzmeo said “We live in
the era where everything is driven by data. The old techniques of
Calendar-Based Maintenance or Reactive Maintenance will never be sufficient for
this competitive landscape. It’s time to look forward to self-healing and auto
fault detecting systems- It’s time for Smart Industries”.
already launched a beta version of T- Connect and it currently analyses 508 KMs
of HPCL’s petroleum pipeline for anomaly detection and prediction. The start-up
has also rolled up its sleeves to on board more tech talent to speed up
operations. In the next one year Tranzmeo plans to further strengthen its
leadership team, improve customer experience of existing product line up and
outgrow the start-up tag.
an innovative technology company. We deliver software products, powered by ML
and AI technologies, for enterprises and fast growing start-ups. The team of 20
talents has united to deliver expertise and to drive the digital transformation
for our customers. We deeply analyse customers’ goals to rocket-boost
businesses and build long-lasting relationships with our customers and partners
across the world, since 2017.Tranzmeo helps to build innovative solutions which
make the future world more intelligent, more decentralized, smarter, safer, and
a more convenient place to live. Our passion is to work with exceptionally
challenging tasks and to deliver bespoke software solutions which positively
impact the global digital society.