Internet of Things is one of the most significant technologies available in a society dominated by machine learning, artificial intelligence, and data analytics. With the advent of Industry 4.0, businesses are moving away from monolithic, single-device models and towards more modular, micro-services-based strategies.
Founded in 2016, TIF Labs is a Bengaluru-based start-up working towards Digitalisation and IoT solutions. TIF Labs started off with an e-commerce platform Robocraze, which is now India’s most trusted store for Robotics & Electronic Components. This past one year, they have been actively working on solutions such as process automation, centralised dashboards, RPA, IIoT, edge computing, AI/ML based condition monitoring and data driven decision making. They are already in touch with the leading manufacturing houses in India, for their Digitalisation initiatives.
While the industries today have a decent amount of automation in place, the main pain point continues to be managing individual systems parallelly using their individual HMIs hence the need for a centralised system to leverage the true potential of these automations.
“TIF stand for Think.Innovate.Fabricate and that is what we do. We are a customer-focused and innovation-driven company with a very young and dynamic team of Hardware and Software Engineers. We have seen fast-paced growth while being boot-strapped so far and are now looking to raise funds to unlock the next round of growth,” said Pranay Agarwal, CEO at TIF Labs.
Their flagship product, IOTIF – an IoT Trainer Kit is installed in 600+ Engineering colleges and Training Institutes Pan-India. The kit promotes hands-on IoT learning in students, in turn improving their employability in a world that has a huge demand for IoT. The product has also been installed in 150 ITI colleges of Karnataka, in collaboration with TATA Technologies for GoK.
Their second product, Alpha Care, is an operational excellence tool for the Healthcare Industry, that was launched in 2019. In this short span of 3 years, they have worked with multiple hospitals, including Manipal Hospitals, Fortis Group, Rainbow Children’s Hospital, Sahyadri Group, and more.
Going forward, TIF Labs is planning to set up a manufacturing unit for IoT Products, semiconductor modules, and controllers as an initiative to reduce the dependency of import from neighbouring countries.