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ControlRooms.ai raises $10M for industrial manufacturing troubleshooting platform

TechCrunchTechCrunch · 2y ago
ControlRooms.ai raises $10M for industrial manufacturing troubleshooting platform
Medial

Austin-based startup ControlRooms.ai has secured $10 million in a Series A funding round led by Origin Ventures, along with Amity Ventures, Tokio Marine Future Fund, and others. The company's AI-powered analytics application automates troubleshooting in heavy industries, reducing downtime and improving productivity. Unlike generic AI platforms, ControlRooms.ai's solution is purpose-built for process and operations engineers, enabling users to predict and address potential issues in manufacturing plants. The funding will support product development and expansion in chemical, petrochemical, energy, and materials facilities globally. The startup also plans to incorporate generative AI capabilities for more advanced predictive applications.

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Dragos raises $74M to secure industrial control systems from threats

Startup News FYIStartup News FYI · 2y ago
Dragos raises $74M to secure industrial control systems from threats
Medial

Dragos, a company focused on securing control systems for manufacturing and industrial equipment, has raised $74 million in a Series D round extension led by WestCap. The funding will be used to expand the company's customer base and make industrial cybersecurity more accessible globally. Dragos helps protect infrastructure in industries such as electric, water, oil and gas, and chemical from cyber threats. With attacks on industrial control systems increasing in frequency and sophistication, the global market for industrial cybersecurity is predicted to reach $10.2 billion by 2025. Dragos aims to provide visibility and analytics to identify and respond to threats in industrial control systems.

Industrial AI startup Spector.ai raises Rs 58 Cr led by IvyCap Ventures

EntrackrEntrackr · 3d ago
Industrial AI startup Spector.ai raises Rs 58 Cr led by IvyCap Ventures
Medial

url: https://entrackr.com/snippets/industrial-ai-startup-spectorai-raises-rs-58-cr-led-by-ivycap-ventures-10981113 Content: Bengaluru-based industrial AI startup Spector.ai has raised Rs 58 crore (around $6.7 million) in a fresh funding round led by IvyCap Ventures, with participation from US-based strategic investors. The capital infusion will be used to accelerate product innovation, expand global enterprise deployments, and strengthen the company’s core AI, knowledge-graph, and agent-based capabilities across industrial reliability and operational performance use cases. Founded to address the growing complexity of asset-intensive industrial operations, Spector.ai builds AI-powered reliability and performance agents for sectors such as oil & gas, chemicals, manufacturing, utilities, and automotive. Its platform combines industrial domain knowledge with equipment-level intelligence, diagnostics, root-cause analysis, and prescriptive recommendations, enabling enterprises to move beyond siloed monitoring tools and adopt proactive, data-driven operations. The company’s AI agents help reliability engineers and operations teams prevent failures, improve uptime, optimize throughput and energy efficiency, and reduce lifecycle costs of critical assets. Spector.ai aims to position itself as a system of intelligence embedded into daily industrial workflows. Headquartered in the US with a strong engineering base in India, Spector.ai integrates with existing industrial systems and focuses on delivering predictive, diagnostic, and prescriptive intelligence at scale for large enterprises.

Quintrans raises $750K in pre-seed round led by Capital-A

EntrackrEntrackr · 26d ago
Quintrans raises $750K in pre-seed round led by Capital-A
Medial

Quintrans raises $750K in pre-seed round led by Capital-A Quintrans, a deep tech engineering startup developing India-built direct-drive linear motion systems for industrial automation, robotics, and equipment manufacturing, has raised $750K in a pre-seed funding round led by Capital-A along with participation from Sumeet Kabra of RR Global, SanchiConnect, AIC-Pinnacle, existing partner IIMA Ventures, and others. The proceeds will be used to establish an in-house manufacturing and advanced testing facility in Pune, accelerate R&D across electromagnetic actuation, and build the core engineering and operations team required for commercial rollout, Quintrans said in a press release. Co-founded in 2021 by Pranay Luniya, Kartik Kulkarni, Aniruddha Atigre, and Prasanna Kadambi, Quintrans is a deep tech engineering company developing direct-drive electromagnetic linear motion systems for industrial applications. Its technology enables frictionless, high-speed, and ultra-precise motion for robotics, warehouse automation, and manufacturing environments. As per market research, India manufactured and sold roughly 6.8 million actuators in FY 2022, a figure expected to cross 10–11 million units by FY 2026, driven by automotive, industrial automation, HVAC, and marine applications. According to the Pune-based startup, its design and manufacturing model unlocks cost efficiency, tailored deployments, and assured service. They take an engineering-first approach, developing the hardware and control electronics in-house so customers get a complete, integrated solution. Quintrans is part of MaXcel, the hardware and industrial technology accelerator run by Capital-A and SanchiConnect, supporting startups building engineering-led manufacturing solutions.

MiClient raises seed round from IAN Group, others

EntrackrEntrackr · 1y ago
MiClient raises seed round from IAN Group, others
Medial

MiClient, an AI-driven B2B sales enablement platform, has raised Rs 3.9 crore in its seed funding round led by IAN Group with participation from Anicut, GSF, RTAF, and Keiretsu. Vikas Kuthiala and Pratik Mathurkar from IAN led the round. The round follows an initial pre-seed investment in October 2023 from 100x.VC. The proceeds will be used to build a stronger team and expand market presence across more geographies in India. In addition to market expansion, MiClient is developing an AI-based model to create quotations and invoices in seconds, further streamlining the sales process for its users. Led by Swati Sharma, MiClient’s easy-to-use CPQ platform helps sales teams close deals three times faster, with the average deal now closing in just 10 days. Expanding further into India’s industrial hubs, MiClient is executing a feet-on-the-street go-to-market strategy. MiClient is expanding into more industrial hubs across India using a direct sales approach. With over 150 customers and over 1,500 users, the company serves SMEs, particularly in the B2B manufacturing sector, with a user-friendly platform.

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