In an exciting development for the B2B cloud manufacturing sector, Frigate, a startup focused on revolutionizing the manufacturing process, has successfully raised $1.5 million in its recent seed funding round. The funding was led by Arali Ventures, with additional contributions from renowned institutional investors such as Capital A and Java Capital, as well as strategic angel investors.
The injection of capital will play a crucial role in scaling up digital manufacturing ecosystem, expanding its global reach, and enhancing its services to meet the diverse needs of clients across various industries. Furthermore, Company aims to reinforce its teams both in India and worldwide, strengthening its position as a leading player in the market.
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Transforming Digital Designs into Tangible Products
Founded in 2021 by the Vasanthan brothers, Tamizhinian and Iniyavan, along with Karthikeyan Prakash and Chandrasekar C, Frigate operates as a B2B cloud platform that offers a comprehensive suite of manufacturing services to medium and large-scale companies on a global scale. Its core objective is to simplify the complex process of turning digital designs into physical products, alleviating concerns about delays and vendor sourcing.
Frigate’s specializes in serving clients in various industries, including new energy and power, electric vehicles, infrastructure, and automotive sectors. With an impressive track record, the startup boasts having served over 200 MSMEs (Micro, Small, and Medium Enterprises) and successfully manufactured more than 100,000 parts since its inception.
Leveraging AI to Streamline the Manufacturing Process
Headquartered in Tiruchirapalli, Frigate utilizes an advanced AI-based tech platform that matches demand with supply, ensuring a streamlined process from sales to fulfillment. By harnessing the power of artificial intelligence, the company optimizes efficiency and provides an exceptional manufacturing experience. Frigate has established partnerships with 200 manufacturing partners across Tier-II cities such as Coimbatore, Hosur, and Jamnagar, effectively utilizing their available capacity to meet the growing demand.
Empowering Global Customers with Manufacturing-as-a-Service
Tamizhinian Vasanthan, the CEO and co-founder of Frigate, expressed his enthusiasm about the company’s latest achievement. He stated, “Frigate provides manufacturing-as-a-service to global customers, offering globally competitive pricing, better lead time, and best-in-class manufacturing with quality… Frigate is helping overseas customers who are looking at the China+1 policy to set up a manufacturing base in India.”
This recent funding success comes on the heels of Frigate’s pre-seed round in April of last year, where the startup secured $185,000. With its continued growth and commitment to innovation, Frigate is well-positioned to disrupt the manufacturing landscape and empower industrial OEMs with seamless, reliable, and efficient solutions.
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Frigate’s successful funding round is a testament to the company’s dedication to transforming the manufacturing industry. With its B2B cloud platform, AI-powered technology, and strategic partnerships, Frigate is poised to simplify the manufacturing process for industrial OEMs worldwide, reinforcing India’s position as a preferred manufacturing destination.
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