AI start-up ThinCI raises $65 million

September 06, 2018 12:59 am | Updated 12:59 am IST - BENGALURU

ThinCI Inc., a California-based artificial intelligence hardware start-up with offices in Hyderabad and the U.K., announced the successful closure of its $65 million Series C round. The investment round was led by returning investor Denso and its subsidiary Nsitexe Inc., and Temasek.

The company said it aimed to expand the current team of 110 people in India to more than 350 in the country, by hiring talent for their engineering and customer operations groups.

“India [is] a prime market to expand and explore,” said ThinCI CEO Dinakar Munagala.

The company which enables AI in autonomous vehicles, consumer devices to industrial robots said it is actively hiring from premium Indian engineering institutions and is also visiting top business schools for recruitment this year. Across hardware and software, the firm is looking to hire talent with the ability to build efficient and scalable AI technology systems. A recent study conducted by Gartner highlights that AI will create 2.3 million jobs worldwide by 2020 out of which a significant share will be generated in India alone, said ThinCI.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.