SUMMARY
Founded in 2018, Linecraft is an AI based startup that helps manufacturers increase their productivity
Wipro is an active stakeholder in the Indian startup ecosystem and has floated multiple startup funds in the past
In January 2020, Wipro Ventures, the strategic investment arm of Wipro Limited announced closing of its $150 million Fund II
Wipro Infrastructure Engineering, a subsidiary of Wipro Enterprises, has acquired Pune-based AI startup LineCraft for an undisclosed amount. With this acquisition, Wipro aims to expand its digital capabilities.
Linecraft was founded in 2018 by Ranjit Date, Mangesh Kale, and Saya Date. The startup collects and analyses large amounts of data from industrial machines and recommends ways to optimise their efficiency by using artificial intelligence and domain expertise.
According to the startup’s website, the company’s mission is to help manufacturers squeeze out more productivity from their production lines. “We identify opportunities using our one-of-a-kind algorithm. Our product presents these opportunities to the users apart from other features centred around the collected data, augmenting their workflows and empowering them to make informed decisions,” the startup’s website mentions.
The startup offers a range of products to help manufacturing companies get process insights and analytics and reduce exceeding cycle time to meet their delivery goals. It also provides a real-time alerting system to inform about an issue resulting in loss of time, thereby optimising bottlenecks in the manufacturing line.
Wipro is an active stakeholder in the Indian startup ecosystem. It has floated multiple startup funds in the past and has been betting big on tech.
“New-age technologies such as artificial intelligence, machine learning, big data analytics, robotics and the internet of things (IoT) are definitely changing the world order. In addition to making complex problems simpler, these technologies also have the capability to tackle inequalities in the societal order,” said Wipro’s chairman Rishad Premji in a media interaction in 2020.
In January 2020, Wipro Ventures, the strategic investment arm of Wipro Limited, announced closing of its $150 million Fund II.
