B2B cloud manufacturing startup Frigate has raised $1.5 million as part of its seed funding round led by Arali Ventures. The round also saw participation from institutional investors such as Capital A, Java Capital, as well as other strategic angel investors.
According to Frigate, the funds will be used to further ramp up its digital manufacturing ecosystem to cater to clients globally. It will also enable Frigate to strengthen its teams in India and globally across multiple verticals.
Founded in 2021 by Tamizhinian Vasanthan,Iniyavan Vasanthan, Karthikeyan Prakash and Chandrasekar C, Frigate offers a suite of manufacturing services to medium and large-scale companies globally. It helps businesses turn their digital designs into physical products without worrying about delays or finding vendors.
The startup caters to clients in areas such as new energy and power, electric vehicles, infrastructure and auto industries. Frigate also claims to have so far served more than 200 MSMEs, and has manufactured more than 1 Lakh parts since its inception.
The Tiruchirapalli-based startup deploys AI-based tech platform to match demand with supply to streamline the entire process from sales to fulfilment. It claims to partner with 200 manufacturing partners spread across Tier-II cities such as Coimbatore, Hosur and Jamnagar to utilise their spare capacity to cater to the demand.
Frigate competes with the likes of homegrown players such as Zetwerk, Nexprt, Groyyo and CapGrid.
