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Kerala-based start-up Tranzmeo, has secured an undisclosed pre-seed round funding from Hindustan Petroleum Corporation Ltd (HPCL) for its Artificial Intelligence- (AI) powered product, T-connect OneView.
Tranzmeo, a NASSCOM 10,000 incubated start-up, will utilise the funds to accelerate R&D of its proprietary technology and product line-up, bolster business development opportunities, and to double the company headcount over the next 12 months. HPCL will also get board seats in the company, Tranzmeo said in a release.
Tranzmeo has already launched a beta version of T-Connect and it currently analyses 508 km of HPCL’s petroleum pipeline for anomaly detection and prediction.
The start-up has also rolled up its sleeves to onboard 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.
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