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AI-Based Robotics Startup Haber Nets INR 317 Cr For Growth, Expansion
Inc42 · 9m ago
Medial
- Haber is an AI-powered industrial robotics startup established in 2017. - The company recently secured a funding of INR 317.2 Cr (approximately $38 Mn). - The funds will be used for expansion, growth, and meeting capital expenditure requirements. - The funding round included participation from investors such as Accel India, Beenext Capital, and Creaegis. - The company's board passed a special resolution to raise funds by issuing Series C compulsorily convertible preference shares (CCPS).
B2B robotics maker Haber raises $44 Mn in Series C round
Entrackr · 7m ago/entrackr/media/post_attachments/wp-content/uploads/2024/10/Haber.jpg)
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.
Exclusive: B2B robotics startup Haber raises $38 Mn in Series C
Entrackr · 9m ago
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.
Alteria extends debt financing to tech startup Haber in ongoing round
VCCircle · 7m ago
Medial
Venture debt firm Alteria Capital has invested in Pune-based tech startup Haber as part of its ongoing Series C investment round. With the debt financing from Alteria, Haber has raised $44 million so far. The funds will be used to expand into the Americas and other process manufacturing industries. Haber provides AI-driven industrial solutions to improve production efficiency and reduce water and energy consumption. Alteria Capital, founded in 2017, has recently secured commitments of ₹15.5 billion for its third debt fund.
Robot software firm Mujin raises $85M
TechCrunch · 1y ago
Medial
Mujin, a startup specializing in AI-based software for industrial automation, has raised $85 million in a Series C funding round led by SBI Investment, with participation from Pegasus Tech Ventures and Accenture, among others. The Tokyo- and Atlanta-based company has developed MujinController, which allows users to automate various applications for industrial robots, aiming to improve productivity and safety in manufacturing and logistics. The funds will be used for product expansion and global expansion. Mujin's platform is used by major robot original equipment manufacturers like ABB, Fanuc, KUKA, Yaskawa, Universal Robots, and Kawasaki.
Startup funding drops 37% on year to $103 million this week
Economic Times · 9m ago
Medial
- Startups raised $103.2 million in funding between October 5 and October 11, a 36.7% decrease from the same period last year. - This week's funding total of $103.2 million represents a 34.1% increase from the previous week's total of $77 million. - In total, startups secured funds through 21 deals this week, compared to 29 deals during the same period last year. - Haber, an AI-driven robotics startup, raised $38 million in a funding round led by Creaegis, with participation from Accel India and BeeNext Capital. - Spry Therapeutics, a SaaS company, secured $15 million in funding from Flourish Ventures and existing investors. - Economy Process Solutions, a vacuum and process solutions startup, raised $12 million in a series A round led by Stakeboat Capital Fund II.
Fine jewellery brand GIVA raises Rs 530 Cr in Series C funding led by Creaegis
YourStory · 1m ago
Medial
Fine jewellery brand GIVA secured Rs 530 crore in a Series C funding round led by Creaegis, with continued support from existing investors. The funds will help expand GIVA's retail and digital presence, enhance its tech-enabled supply chain, and broaden its lab-grown diamond offerings. Founded in 2019, GIVA plans to open 145-150 new stores in Tier II cities this year. The brand aims to grow its omnichannel footprint and enhance its product offerings.
GIVA grabs Rs 450 Cr funding from Creaegis Investment, existing investors
YourStory · 1m ago Medial
Jewellery brand GIVA raised Rs 450 crore in Series C funding led by Creaegis Investment and existing backers, including Premji Invest and Epiq Capital, reaching a valuation of Rs 3,950 crore. The funds aim to boost GIVA's retail expansion and lab-grown diamond sales. Despite a 66% rise in FY24 revenue, losses increased by 30% due to higher metal procurement costs. GIVA forecasts Rs 809 crore revenue with a PBT of Rs 10 crore for FY26.
Weekly Funding Wrap: Large cheques, late-stage deals make a comeback; startups raise about $105 million
Money Control · 1y ago
Medial
During the week of December 4-8, startups raised a total of $104.5 million in investment deals, with late-stage deals making a comeback. Sarvam.ai, a generative AI startup, raised $41 million in its Series A funding round. The Sleep Company, a direct-to-consumer mattress maker, raised $22 million in its Series C round. CoreEL Technologies, an aerospace and defense products manufacturer, secured $16 million in a Series A funding round. Other notable investments include Ashv Finance and Biryani By Kilo.
Beyond Imagination Raises $100 Million Led by Gauntlet Ventures, Targets $500M Valuation with Beomni Prototype Amid $40B Figure AI Rivalry | DeepNewz VC
Business Bytes · 2m ago
Medial
Beyond Imagination has successfully raised $100 million in a funding round led by Gauntlet Ventures and aims to secure a total of $500 million. This funding will support the development of its humanoid robot, Beomni, which has a target cost of $20,000. Meanwhile, China’s UBTech Robotics is set to introduce a new $20,000 humanoid robot designed for household companionship, marking its expansion from industrial applications to personal use.
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