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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.

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

EntrackrEntrackr · 2m 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.

Olee.space raises $3 Mn in seed round

EntrackrEntrackr · 6m ago
Olee.space raises $3 Mn in seed round
Medial

Olee.space, a laser-based communication and photonics defense system, has secured $3 million in a seed funding round from Rockstud Capital and other global investors. The fresh funds will be allocated towards scaling production, advancing its quantum-secure communication protocols, and expanding its defense tech roadmap, Olee.space said in a press release. Co-founded in 2023 by James Solomon and Suman Hiremath, Olee.space is a photonics and defense technology company that builds next-generation systems in Free-Space Optical Communication (FSOC), quantum-encrypted networking, and directed energy weapons. Its advanced solutions include resilient systems for terrestrial, inter-satellite, and ground-to-space links, designed for low latency, maximum security, and optimized data throughput. As per the Pune-based startup, Free-Space Optical Communication (FSOC) uses low-powered infrared laser beams to deliver ultra-fast, secure data links across land, air, sea, and space. Olee.space’s DEW platform, which is under development for anti-drone/UAV and anti-satellite operations, is designed to deliver precision tracking, real-time targeting, and neutralization of aerial threats. “I have always been fascinated by how lasers function. Working with light gives me happiness and I am here to do as much justice to this domain as any of my able team members. What we do here is rewarding to the country, and would continue doing so,” said James Solomon, founder and CEO of Olee.

Intrinsic Foundries raises Rs 12 Cr in seed round led by Transition VC

EntrackrEntrackr · 4d ago
Intrinsic Foundries raises Rs 12 Cr in seed round led by Transition VC
Medial

Intrinsic Foundries, a carbon-to-value biomanufacturing platform, has raised Rs 12 crore (approximately $1.4 million) in a Seed funding round led by Transition VC. The proceeds will be deployed to execute industrial pilots, expand research, file IPs, scale engineering and commercial teams, strengthen manufacturing capabilities, and establish its US entity to support global market development, Intrinsic Foundries said in a press release. Launched in 2023 by Shreyansh Jain, Sanjay Jain, and Umang Jain, Intrinsic Foundries is a carbon-to-value biomanufacturing platform that converts industrial emissions, effluents, and residues into premium biochemicals using proprietary microbial biorefinery systems, modular photobioreactors, and integrated automation. The company enables scalable, revenue-positive decarbonization while supplying sustainable ingredients and materials across multiple global industries. The Hazaribagh-based startup leverages biological systems to convert captured carbon into high-value biochemicals used across food, pharmaceutical, nutraceutical, cosmetic, agricultural, and advanced material industries, transforming emissions into essential product inputs and new revenue streams. According to Intrinsic Foundries, it has developed a carbon biorefinery platform built on proprietary photobioreactor cultivation systems with integrated Factory 4.0 automation. Its first area of focus is microalgae-based biorefinery for industrial carbon emissions, while it continues to develop other microbial biorefineries including yeast-based systems. Intrinsic claims to have completed a Proof of Concept at a thermal power plant last year, demonstrating extended continuous capture with operational reliability. It is advancing commercial engagement across cement, steel, pharmaceuticals, nutraceuticals, and food systems through partnerships with industrial groups. Over the next 12–24 months, the company plans to commission multiple industrial pilots and operationalize its first one-ton-per-day commercial plant. It aims to establish carbon-to-value biomanufacturing infrastructure as a foundational layer of global industrial decarbonization. The company seeks to demonstrate that emissions can power sustainable supply chains while delivering measurable economic return.

Promethean Energy raises $2 Mn in pre-Series A round

EntrackrEntrackr · 9m ago
Promethean Energy raises $2 Mn in pre-Series A round
Medial

Promethean Energy, a cleantech startup focused on decarbonising industrial heating, has raised $2 million in its pre-Series A round led by Transition VC, with participation from Sangam Venture, Sagana Capital, and Fondation Botnar. The proceeds will be used to expand its product line, build AI-based energy optimisation tools, and grow its presence in India and Southeast Asia. The Mumbai-based brand develops industrial-grade heat pump and waste heat recovery systems to replace fossil-fuel-based heating. Its products integrate thermal storage, smart controls, and energy monitoring. The firm offers solutions suited to Indian industrial conditions and operates under both CAPEX and ESCO models. Promethean's systems are used by companies including Hindustan Unilever, Godrej Industries, and Raymond Textiles. The technology is deployed across sectors such as chemicals, textiles, FMCG, and steel, with over 100,000 tonnes of CO2 savings reported annually. It aims to decarbonise 1,000 factories by 2027 and is preparing for international pilots in Bangladesh, Indonesia, and the Middle East.

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