Oakter to Invest USD 2 Million in R&D
Oakter Smart Home, India’s leading internet connected home appliances company, today announced its plans to invest $2 million in research & development. The company is a leading developer and seller of AI powered connected home appliances in India, and plans to further expand its technological capabilities by instituting a research centre in NOIDA, and hiring over 30 system engineers to develop the next generation AI for edge-computing inside home products.
Shishir Gupta, Founder & CEO of Oakter Smart Home said, “India has the best talent in software and hardware technology, and we shall harness young minds in developing the next generation of AI based hardware technology. Our vision is to develop world class AI based hardware products for India specific needs, and an investment of $2 million will be deployed to set up a world-class R&D centre, & recruit talent.”
According to a recent report, India’s connected appliances market alone is expected to cross Rs. 30,000 Crore by 2022, and Delhi-NCR, Mumbai, Pune, Ahmedabad & Bengaluru account for a combined market share of over 50% currently.
Amazon & Google have recently launched a range of smart speakers with inbuilt voice assistant software called Alexa & Google Home respectively. These speakers together with Oakter smart switch and smart universal remote are used to control devices like Lights, Fan, AC & TV with voice commands. Example of commands which are supported are: “Alexa, switch on lights”, “Alexa, change channel to ESPN”. The smart speakers by both Google and Amazon currently only supports voice commands in English language. The initial target for this technology is urban centers like Bengaluru and Hyderabad.
Also, Embassy group recently unveiled their project in north Bengaluru called Embassy edge, where Amazon and Oakter have collaborated to voice control of complete apartment complex. The company is also working with several luxury hotel chains to provide voice control. Globally hotel industry is seeing rapid adoption of voice control technology not only for controlling electrical appliances in hotel room, but also for services like concierge, room dining and housekeeping. Oakter Smart Home is working together with hoteliers to bring this technology for Indian hotels to keep up with global trends.
About Oakter Smart Home
Oakter Smart Home is a Noida based tech startup that specialises in internet connected smart devices. The company’s products have been empowering thousands of customers to remotely control appliances like lights, fans, AC & TV from a mobile app. Oakter has also integrated their product line with the recently launched Amazon echo & Google Home range of smart speakers to enable Voice control of home appliances.
Founded in 2015 by Shishir Gupta, (intro to founders), the company is leading the advancement of Indian homes and businesses by its internet connected devices. The company’s range of products include, Smart Universal Remote, Smart Plugs, Smart Locks and Smart box to smarten existing switches. The company has an ambition to power automation for 1 million homes and businesses by 2020.