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Exclusive: B2B robotics startup Haber raises $38 Mn in Series C

EntrackrEntrackr · 1y ago
Exclusive: B2B robotics startup Haber raises $38 Mn in Series C
Medial

Industrial robotics maker Haber has raised Rs 317.2 crore (approximately $38 million) in its Series C round, led by Creaegis with participation from Accel India and BEENEXT Capital. This new round materialized for the Pune-based company after a three-year gap. The board at Haber has passed a special resolution to issue 100 equity shares and 457,572 Series C preference shares to raise the above sum, according to regulatory filings accessed by Entrackr. Creaegis led the round with Rs 200.35 crore, while Beenext and Accel participated with Rs 83.5 crore and Rs 33.4 crore, respectively. The investment will support the company’s expansion, growth, and other capital requirements. According to TheKredible, Haber’s post-allotment valuation is approximately Rs 1,242 crore ($148 million). Haber develops AI-powered industrial robots that automate labor-intensive tasks like sample collection, measurement, analysis, and intervention in factories. According to its website, Haber helps industries reduce chemical consumption as well as energy and water usage across sectors such as food and beverages, agriculture, and oil and gas. The company has raised over $65 million to date, including a $20 million Series B round led by Ascent Capital with participation from Accel, Elevation, and Beenext in November 2021. Accel is the largest external stakeholder with an 18.1% stake, followed by Creaegis and Elevation. Head to TheKredible for the complete shareholding breakup. While FY24 numbers are yet to be disclosed, Haber reported a total revenue of Rs 82 crore and a loss of Rs 36.7 crore in FY23. It directly competes with Prosus-backed Detect Technologies, Altizon, and Fero Labs, among others.

Ex-Meta employees' Aptos tests Hong Kong's crypto appetite

TechCrunchTechCrunch · 1y ago
Ex-Meta employees' Aptos tests Hong Kong's crypto appetite
Medial

Aptos, the a16z-backed blockchain network, is turning its attention towards Hong Kong's growing interest in blockchain and decentralized finance (DeFi). Aptos, a Layer 1 blockchain, aims to disrupt the traditional banking system by utilizing decentralized technology. With Hong Kong serving as a sandbox for web3 experimentation, Aptos is already collaborating with Alibaba to target web3 developers in Asia. Additionally, Aptos has developed the JamboPhone, a device that aims to provide financial inclusivity, especially in emerging markets such as Africa, Southeast Asia, and Latin America. While Aptos is optimistic about the regulatory landscape in Hong Kong, the founder refrains from speculating on the timeline for Aptos-based DeFi services in the region.

B2B robotics maker Haber raises $44 Mn in Series C round

EntrackrEntrackr · 1y ago
B2B robotics maker Haber raises $44 Mn in Series C round
Medial

Industrial robotics maker Haber has raised $44 million in its Series C round led by Creaegis, BEENEXT, and Accel. The round comprised $38 million in equity and $6 million in debt. Entrackr had exclusively reported the Series C round in October. The proceeds will be used to scale its operations internationally, particularly in the US, to serve the demand for AI-led industrial automation solutions. Founded by Raghavan, Arjunan PN, and Priya Venkat, Haber develops AI-powered industrial robots that automate labor-intensive tasks like sample collection, measurement, analysis, and intervention in factories. According to its website, Haber helps industries reduce chemical consumption as well as energy and water usage across sectors such as food and beverages, agriculture, and oil and gas. The company has raised over $70 million to date, including a $20 million Series B round led by Ascent Capital with participation from Accel, Elevation, and Beenext in November 2021. Accel is the largest external stakeholder with an 18.1% stake, followed by Creaegis and Elevation. Head to TheKredible for the complete shareholding breakup. While FY24 numbers are yet to be disclosed, Haber reported a total revenue of Rs 82 crore and a loss of Rs 36.7 crore in FY23. It directly competes with Prosus-backed Detect Technologies, Altizon, and Fero Labs, among others. Haber counts ITC, Aditya Birla, and Tata Steel among its clientele. Some of its portfolio includes automation services for chemical dosing across different applications, including sugar mills, distilleries, paper mills, breweries, independent institutions, and mining operations.

Astrogate Labs raises $1.3 Mn led by Piper Serica

EntrackrEntrackr · 1y ago
Astrogate Labs raises $1.3 Mn led by Piper Serica
Medial

Astrogate Labs raises $1.3 Mn led by Piper Serica Spacetech startup Astrogate Labs has secured $1.3 million in its pre-Series funding led by Piper Serica Angel Fund. The proceeds will be used to accelerate further the development of its laser communication terminals for space and additional use cases in terrestrial and airborne applications, scale operations, and strengthen partnerships with space agencies and defense organizations. Founded by Nitish Singh, Yogeshwaran J, and Subhajit Chakraborty, Astrogate Labs provides technology to improve data downlink for small satellite constellations, helping them transmit data more efficiently to the ground. With over 25,000 small satellites expected to be in orbit by 2030, current radio frequency systems face severe bandwidth limitations and spectrum congestion. Astrogate's laser communication solutions claim to provide a scalable alternative for high-speed up to 10 Gbps, secure data transmission. Astrogate Labs has also received recognition for its technology innovations including DRDO Dare to Dream 4.0 and graduated from the Seraphim Space Accelerator APAC Program in 2023. The Bengaluru-based company has been backed by Speciale Invest, SatSure and Anicut Capital, who provided early funding to support the development of its innovative technology.

LocalHost raises $2.5 Mn from InVideo, RedBull India, and others

EntrackrEntrackr · 11d ago
LocalHost raises $2.5 Mn from InVideo, RedBull India, and others
Medial

LocalHost raises $2.5 Mn from InVideo, RedBull India, and others LocalHost, a launchpad for startups, has raised $2.5 million in an angel funding round from InVideo, RedBull India, Anthropic, and Eros International to expand its global founder labs and support early-stage startups. The fresh funds will be used to expand infrastructure, strengthen hardware capabilities, scale operational teams across regions, and support additional early-stage founder cohorts globally, the company said in a press release. Co-founded in 2023 by Kei Hayashi, Suhas Sumukh, and Hardeep Gambhir, LocalHost operates in-person labs designed as a launchpad for young technical and creative founders building at the intersection of media, software, and hardware. In India, LocalHost runs a 50-day founder lab in Bengaluru, selecting 15 founders per cohort. Participants work on projects ranging from AI agents and robotics to India-native language models and multidisciplinary media products. Beyond India, LocalHost operates labs in Tokyo and Cluj-Napoca, with expansion underway in San Francisco, alongside hardware-focused labs planned in Japan and France. The labs provide shared workspaces, access to hardware, operational support, and a community fund designed to remove small execution barriers. Since launching its India lab, LocalHost claims to have hosted cohorts attended by over 30 venture partners and ecosystem participants. Startups emerging from the program include Maya Research, Prava Payments, Dawn Labs, Whisperwave, Markov, and Flashmates.

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