US-based ThinCI to double India headcount

ThinCI, an artificial intelligence (AI) hardware start-up based in California, US, with offices in the UK and Hyderabad, India, has raised $65 million in Series C round of funding. The investment round was led by returning investor and Japanese automotive component giant Denso and its subsidiary NSITEXE Inc, and Temasek. The latest round of funding will be used by ThinCI to primarily expand its employee strength in India from the current 150 to 300 in the next one year. The start-up also plans to increase its employee strength to 450 soon. The employee addition will be across engineering and customer operations groups. Dinakar Munagala, CEO, ThinCI, said in a statement: “We are thrilled by the financial commitment from such major investment funds and automotive and industrial giants. This has also contributed to the nurturing of a huge pool of talent in India. With such a positive and expansive ecosystem in the making, India proves to be a prime market to expand and explore.” Apart from ramping up the production of its AI platforms, the company is currently keen on hiring engineers and is focused on building truly global products and services in AI across its India, UK and US offices.