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Fluid Analytics raises $1.6 Mn in pre-Series A round

EntrackrEntrackr · 1y ago
Fluid Analytics raises $1.6 Mn in pre-Series A round
Medial

Cleantech startup Fluid Analytics has raised $1.6 million in its pre-Series A round led by Pravega Ventures and joined by an angel investor. The proceeds will be used to execute a global scale-up expansion starting with a focus on North America, the company said in a press release. Founded by Nidhi Jain and Asim R. Bhalerao, Fluid Analytics monitors water infrastructure health, waterway conditions, and the spread of water-borne diseases at scale. The startup claims to have successfully deployed solutions, monitored over 400 million gallons (1.5 billion litres) of urban wastewater spills and enabled the treatment and reuse of over 200 million gallons (800 million litres) daily. It continues to monitor a population of over 17.5 million for water-borne diseases, as an indicator of sewage spills. Its business model helps cities to combat water pollution sustainably, collaborating with utilities, contractors, and engineering firms. Early stage venture capital fund Pravega Ventures focuses on providing seed and pre-Series A funding. Its portfolio includes Crofarm (now Otipy), Fyle, SalarySe, Cashinvoice, and GrayQuest, among others.

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Deeptech startup Planys raises $4 Mn

EntrackrEntrackr · 1y ago
Deeptech startup Planys raises $4 Mn
Medial

Deeptech startup Planys Technologies has raised $4 million in its ongoing pre-Series A round. The fresh investment tranche has come after a gap of more than two years for the Chennai-based firm. The board at Planys Technologies has passed a board resolution to issue 8,471 CCPS at an issue price of Rs 41,600 each to raise Rs 35.23 crore, its regulatory filing accessed from the Registrar of Companies shows. Himalaya Finance, Golden Birch Investments, Krishna Defence, Impact India Investments, SiriusOne Capital, and several individuals including Ashish Ramesh Kacholia, Shalini Chhabra, and Puneet Gupta participated during the new investment tranche. The company also approved its MSOP pool of 1,445 equity shares amounting to Rs 6 crore (as per the valuation report) in February, a separate filing shows. Established in 2015 by Tanuj Jhunjhunwala and Rakesh Sirikonda, Planys does underwater inspection by offering secure and adaptable solutions through marine robotics and analytics systems. The company has been working on over 350 projects with its 10 products across 5 countries. It also has more than 30 patents under its belt. Planys Technologies has raised around $8 million to date including a $1.6 million round led by Keiretsu Forum, LetsVenture in November 2021. According to the startup data intelligence platform TheKredibe, the company has been valued at around Rs 135 crore (post-money) in the new tranche. Unlike other startups, Planys hasn’t been growing at a rapid clip and this could be evident from its flat scale which grew to Rs 8.63 crore in FY23 as compared to Rs 7.41 crore in FY22. Moreover, the firm’s losses also spiked 3.2X to Rs 3.51 crore in the same period.

Deeptech startup DeepMatrix raises $1.6 Mn in pre-Series A round

EntrackrEntrackr · 10m ago
Deeptech startup DeepMatrix raises $1.6 Mn in pre-Series A round
Medial

Deeptech startup DeepMatrix has raised $1.6 million in a pre-Series A funding round co- led by YourNest and Arali Ventures along with participation from lead angels and Tracxn founder Abhishek Goyal. The Bengaluru-based company had raised over $600K in its last round back in March 2022. The proceeds will be allocated towards accelerating its growth, enhancing product offerings in mining and asset management, and expanding presence in key markets including the United States and Australia, DeepMatrix said in a press release. According to market research, the global geospatial analytics market is valued at $85.77 billion in 2022, and is expected to grow at a CAGR of 12.6% from 2024-2030. Co-founded in 2022 by Naresh Soni and Kaustubh Tripathy, DeepMatrix enables enterprises to manage all geospatial data in one place, helping them reduce costs, enhance safety, and optimize resource management. The platform claims that its cloud-native platform has already saved enterprises thousands of hours by accelerating the analysis of massive geospatial datasets. According to DeepMatrix, it offers enterprises a cutting-edge platform that eliminates friction and significantly reduces the time required for geospatial data analysis. The company also claims to have mapped extensive acres of land and completed hours of data collection, providing critical insights for urban land, forests, quarries, mines and key infrastructure assets such as transmission towers, highways and more. DeepMatrix addresses the challenges of data annotation, labeling, analysis and reporting. It unifies and simplifies data ingestion, analysis and visualization, providing an intuitive solution for enterprises to manage and interpret large volumes of geospatial data efficiently.

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