SwitchOn funding news: SwitchOn, the Bengaluru-based Physical AI startup, has raised $8 million (approximately ₹78 crore) in a Pre-Series B round led by IvyCap Ventures, as publicly reported on 2026-07-16. The round also saw participation from SIG Tattva and Trifecta Capital, marking a significant milestone in the company’s growth as a global manufacturing quality-inspection platform.
Quick Highlights
- Founders: Aniruddha Banerjee and Avra Banerjee
- Lead Investor: IvyCap Ventures
- Participating Investors: SIG Tattva, Trifecta Capital
- Investor Background: IvyCap Ventures is led by Founder and Managing Partner Vikram Gupta; SIG Tattva is led by Founder Shashvat Somany; Trifecta Capital participated via its venture debt arm, represented by Director Abhijit Joshi
- Headquarters: Bengaluru, Karnataka, India
- Announcement Date: 16 July 2026
Funding Breakdown
Use of Funds
As publicly reported, SwitchOn will deploy the fresh capital across three key priorities. First, the company will accelerate its international expansion across key global manufacturing markets. Second, it will deepen research and development in next-generation Physical AI technologies. Third, it will scale its sales and go-to-market capabilities across major manufacturing verticals worldwide, including consumer packaged goods, electronics, automotive, and pharmaceuticals.
Funding Timeline
The Pre-Series B is SwitchOn’s third major institutional funding round. The company previously raised a $1.1 million Seed round, followed by a $4.2 million Series A in 2023 from Axilor Ventures and pi Ventures. Including the latest round, SwitchOn has raised approximately $13.3 million in total funding to date. As publicly reported, the current Pre-Series B round comprises a mix of equity and debt, though the startup declined to provide a breakdown of the two components.
Expansion Plans
SwitchOn is actively targeting international growth across its key manufacturing verticals. The company already operates across more than 170 production lines in over 60 manufacturing facilities spanning 10 countries and four continents, and the fresh capital is directed squarely at extending that footprint. As publicly reported, the company also sees its indigenous AI technology as aligned with India’s Make in India initiative and Production Linked Incentive (PLI) schemes, positioning it to support domestic manufacturers in achieving world-class quality standards alongside its global push.
Significance
This Pre-Series B round underscores the growing investor conviction in Physical AI — a category where AI systems interact directly with industrial machines rather than operating purely in software. SwitchOn’s flagship platform, DeepInspect, uses edge-native computer vision to detect manufacturing defects with sub-150-micron precision at speeds exceeding 1,200 products per minute, serving global names such as Unilever, Bosch, Maruti Suzuki, and ALPA. Founded in 2017, the company has steadily scaled from a seed-stage idea into a platform deployed across four continents, demonstrating the kind of execution record that attracts institutional backing at successive stages. As manufacturers worldwide accelerate adoption of AI-powered automation to reduce defects and improve production efficiency, SwitchOn’s raise signals that India-born Physical AI platforms are increasingly competitive on the global stage.
These details have been verified against multiple publicly available reports as of 2026-07-16.
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Disclaimer: This report is compiled from publicly available sources and is for informational purposes only; funding figures are as publicly reported and may be subject to change.
