The currency logged its sharpest intra-day fall in more than two weeks on Monday
asia2 hours ago
Bengaluru-headquartered startup CamCom is in the process of setting up the first computer vision lab in the Middle East and Africa (MEA) region, said Ajith Nayar, Co-founder, CamCom.
CamCom — winner of the DSH Market Access Programme Q3 2020 conducted by the Dubai Chamber of Commerce — set up an office in DTEC and is moving the development of aircraft damage assessment and Unmanned Aerial Vehicle (UAVs) for public safety solutions to this proposed lab.
“We will work very closely with DTEC and DSOA to tap into the local talent pool to hire Emiratis to create solutions for the region. Towards the end of 2021 and early 2022, we will set up offices in Germany and the US. CamCom has entered into a strategic partnership with industry leaders in the region like WayPoint Systems, Vistas Global, Focus Engineering, QuantaRisk etc. to increase our footprint in the MEA region,” said Nayar.
Nayar recalls the startup was formed in 2017 along with two other cofounders Mahesh Subramanian and Umesh and today caters to popular brands like Bajaj Allianz, HDFC ERGO, SBI General, Quick Insure, and Myntra.
Why was CamCom started?
65 per cent of the products in the world are made from the base materials of metal, plastic, and glass. Defect/damage inspections on these products are human-intensive and therefore subjective, slow, and prone to error.
“We eliminate subjectivity and future proof the process. Our solution is the ultimate control tower that enables the creation of a visual track and trace audit trail across the life cycle of the product. It is a scalable platform built on a computer vision stack and easily deployed through bespoke, retrofit rigs and mobile devices," said Nayar.
CamCom currently caters to the automotive and warehousing industry. "We operate across the automotive spectrum from components manufacturing, OEMs, government inspection centres, service centres, insurance, car rentals, and used cars. We help create a complete visual audit trail across the life cycle of the automobile. In warehousing, our solutions have reduced returns because of wrong product shipment to 'zero' and offers immense non-linear scalability,” added Nayar.
CamCom has raised a pre-series A round of $1 million and is currently in the process of raising Series A round.
Geetha, director of engineering at CamCom said: “The excitement of starting on a new idea is infectious, be it the latest tech stack or the best infra required to take our models to next level. AI and ML can deliver both greater insights, automated narratives, and greater efficiencies in digital production and delivery. But even as technologies improve both efficiency and effectiveness, creating the right balance between digital transformation and human experience, between scale and skill, becomes key. At CamCom we enable clients to adopt end-to-end straight-through processing with precision and high speed. Our Clients over time have become our partners in our journey. We have multiple brainstorm sessions where we discuss and plan our next features together.” — sandhya@khaleejtimes.com
The currency logged its sharpest intra-day fall in more than two weeks on Monday
asia2 hours ago
Aaron Pierre and Kelvin Harrison Jr have come on board to voice the younger versions of Mufasa and Scar
entertainment2 hours ago
US FDA is gathering additional information on the matter, while Indian authorities have recently inspected the plants of the companies
asia2 hours ago
The total size of the offering remains unchanged at 900 million shares, representing 25 per cent of the company’s total issued share capital
markets2 hours ago
India's foreign ministry called the Washington Post report 'unwarranted and unsubstantiated', which stated that an officer in the intelligence service was directly involved in the plan
world2 hours ago
More than 34,000 people have been killed in the Palestinian territory since war broke out
world3 hours ago
The list of products whose licences were suspended included traditional medicines for asthma, bronchitis and diabetes
asia3 hours ago
The mercury is set to rise to 38ºC in Abu Dhabi and in Dubai
uae4 hours ago