Cricketer Ajinkya Rahane has joined the funding round for Proxgy, an IoT firm focused on safety and productivity solutions, alongside prominent investors like Nikhil Kamath and Suniel Shetty. Proxgy aims to enhance industrial safety through innovative products like the SmartHat and Sleefe. This funding will aid in their global expansion efforts.
Ajinkya Rahane, the prominent cricketer, has made an investment in Proxgy, a pioneering Internet of Things (IoT) company, as they initiate a $3 million Series A funding round. Other notable investors in this round include Zerodha co-founder Nikhil Kamath, actor Suniel Shetty, and industrialist Vinod Duggar. The backing from such reputable figures solidifies the company’s potential in the burgeoning tech landscape of productivity solutions.
Founded in 2020 by Pulkit Ahuja, Proxgy focuses on advanced technologies like artificial intelligence to innovate industrial safety and connectivity. Among its groundbreaking products are the SmartHat, equipped with a minuscule gas detection sensor, and the Sleefe, a device that transforms any cap into a smart monitoring tool for industrial workers. These innovations aim to enhance safety through real-time data tracking.
Ajinkya Rahane remarked, “Proxgy’s products have the potential to redefine safety and productivity in industrial environments.” His involvement reflects confidence in Proxgy’s mission to revolutionize industry standards with cutting-edge technology. The founder, Pulkit Ahuja, emphasized that this investment signifies significant endorsement of Proxgy’s vision and will support its plan for global expansion.
Adding to this sentiment, Manish Patel from CMG Group highlighted that Proxgy’s offerings, such as SmartHat and Sleefe, meet essential needs for improved safety and operational efficiency across various sectors. The strategic funding and partnerships are expected to propel the brand’s growth and market presence significantly.
Proxgy operates at the intersection of technology and safety within industrial environments, utilizing the Internet of Things and artificial intelligence to enhance workplace safety and communication. The company was founded in 2020 and seeks to provide innovative solutions that address critical industry challenges. Their products integrate advanced technology to facilitate better monitoring and safety protocols, aiming to improve productivity and worker safety in potentially hazardous settings.
In conclusion, Ajinkya Rahane’s investment in Proxgy’s Series A funding signifies a strategic alignment with innovative technology aimed at enhancing industrial safety and productivity. The collective support from renowned investors complements Proxgy’s vision for global expansion and showcases the vital role of technology in transforming industrial practices for improved safety outcomes. Rahane’s endorsement underscores the importance of investing in forward-thinking solutions in the evolving tech landscape.
Original Source: www.business-standard.com
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