HPCL invest pre-seed round in startup Tranzmeo

AHMEDABAD: Kerala-based Tranzmeo, a ‘Nasscom 10,0000’ incubated startup, has secured an undisclosed amount in pre-seed funding from Hindustan Petroleum Corporation Ltd (HPCL) for its artificial intelligence-powered product, T-connect OneView.

The startup will utilise the funds to accelerate research and development of its advanced, proprietary technology and product line-up, bolster business development opportunities, and to double the company headcount over the next 12 months, according to said Sanjay Kumar, chief, general business development, HPCL.

HPCL will also be on the board of directors of the company, as per the terms of the deal.


“Tranzmeo is a uniquely positioned technology company with significant growth opportunity and we will work together to scale the business,” said Kumar.

Founded in 2017 by engineer turned entrepreneur Safil Sunny, Tranzmeo has developed deep learning and other AI technology, developing ‘T-connect OneView’, a self-learning, data-driven, comprehensive anomaly forensics application that runs on data streams to impact energy industries.

“The old techniques of calendar-based maintenance or reactive maintenance will never be sufficient for this competitive landscape. It's time to look forward to self-healing and auto fault detecting systems- It's time for smart industries,” said Sunny.

T-connect OneView streams through real-time machine data to learn machine behaviour and predict anomalies. The application is capable of classifying the kind of failure from the incoming data stream and generate alerts.