The company said in a statement that Pune-based Elixa Technologies Pvt Ltd has raised US$20 million (approximately Rs 14.8 billion) on Tuesday in a Series B financing led by Ascent Capital, which operates artificial intelligence or Haber, a maker of artificial intelligence-driven robots. Tuesday.
Accel, Elevation Capital, Beenext, Temasek partners Mukul Chawla and GreyOrange Samay Kohli and the founders of another robot-as-a-service company Akash Gupta also participated in this round of financing.
Accel led their Series A financing in 2019. To date, Haber has raised $27 million.
The company said it will use the new funds to expand it to new regions and industries, and its goal is to save more than 400 billion liters of water in the next two years. The statement stated that it also plans to deploy more than 10,000 Haber's flagship eLIXA products in the next five years.
"With a deep understanding of artificial intelligence (AI) and industry operations, Haber has been able to integrate a solution to automate the entire process. Our flagship product eLIXA was launched in 2017, enabling our customers to achieve their sustainable development And profit goals,” said Vipin Raghavan, Haber’s founder and CEO.
Haber was founded by Vipin Raghavan and Priya Venkat to help companies reduce operating costs and water and energy footprints through automated processes, utilities and water supply systems. They drive robotic sampling, real-time testing, statistical model-driven data analysis, and automate chemical dosing. Haber mainly cooperates with companies in the manufacturing sector.
Raghavan serves as chief executive officer, and Priya Venkat serves as chief operating officer. Before founding Haber, both founders worked at Nalco Water India, a water, sanitation and infection prevention service and solution company.
Raja Kumar, founder and CEO of Ascent Capital, said: “Industrial automation is the next major global opportunity. Haber has a compelling value proposition with its superior know-how.”
Copyright © 2021 VCCircle.com. Property of Mosaic Media Ventures Pvt. Limited company