🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

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

EntrackrEntrackr · 21h 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.

Related News

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures

EntrackrEntrackr · 6m ago
Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures
Medial

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures Defence-tech startup Armory has raised Rs 13 crore (around $1.5 million) in a funding round led by GrowX Ventures, with participation from Industrial 47, Antler, AC Ventures, Dexter Ventures, and several angel investors. The proceeds will be used to boost R&D, expand manufacturing, and speed up deployment. Founded in 2024 by Amardeep Singh, Armory develops indigenous counter-drone systems (C-UAS) capable of detecting, tracking, and neutralising rogue drones. Its flagship system, SURGE, has undergone field trials with multiple Indian Army units. The company’s technology is powered by Samaritan OS, an AI-led defence operating system offering real-time adaptability and continuous learning — features missing in traditional systems.

Exclusive: Eggoz to raise Rs 125 Cr led by Gaja Capital

EntrackrEntrackr · 6m ago
Exclusive: Eggoz to raise Rs 125 Cr led by Gaja Capital
Medial

Eggoz, a consumer brand for eggs, is raising Rs 125 crore, approximately ($14.7 million) in its Series C round led by Gaja Capital with the participation of existing investors IvyCap Ventures and Redbright Partners. The board at Eggoz has passed a special resolution to issue 1 equity and 15,334 Series C preference shares at an issue price of Rs 81,511 each to raise Rs 125 crore or $14.7 million, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Gaja Capital will spearhead the round with Rs 100 crore, while IvyCap Ventures and Redbright Partners will inject Rs 20.95 crore and Rs 4.05 crore, respectively. According to Entrackr’s estimates, the company will be valued at around Rs 480-500 crore or $55-58 million post-money. This marks a 60% increase in the valuation when compared to its last round. Founded in 2017 in Bihar by Abhishek Negi, Aditya Singh, and Uttam Kumar, Eggoz operates an asset-light, farmer-led model that ensures fresh eggs reach retailers within 24 hours. The brand has scaled its presence across Delhi-NCR, Bengaluru, Kolkata, Jaipur, Lucknow, and several non-metro cities. In a bid to diversify, Eggoz has also forayed into ready-to-cook offerings such as momos, burger patties, nuggets, and more. Eggoz has raised over $27 million in total funding so far. This includes an $8.8 million Series B round led by IvyCap Ventures. Before this, the company had secured $3.5 million in its Series A round and Rs 3.7 crore during its seed stage. The company has yet to file its FY25 numbers. Eggoz has recorded a 33.6% year-on-year increase in its revenue to Rs 73.1 crore in FY24, while the losses of the firm reduced by 24% to Rs 25 crore in the same period.

Agraga raises Rs 100 Cr in pre-Series B led by Bajaj Finserv Group

EntrackrEntrackr · 1m ago
Agraga raises Rs 100 Cr in pre-Series B led by Bajaj Finserv Group
Medial

Agraga raises Rs 100 Cr in pre-Series B led by Bajaj Finserv Group Digital freight forwarder Agraga has raised Rs 100 crore (around $12 million) in its pre-Series B round led by Bajaj Finserv Group, with participation from existing investor IvyCap Ventures and select global angel backers. Agraga had earlier raised Rs 70 crore in its Series A round in May 2023, led by IvyCap Ventures with participation from Alteria. The proceeds will be used to expand its cross-border logistics platform, strengthen its LCL (Less-than-Container Load) vertical, scale automation and visibility tools, and deepen its presence across major export hubs. Founded in 2021, Agraga provides a unified platform that integrates freight booking, customs, warehousing, and embedded financial services. The firm aims to simplify cross-border logistics for MSMEs and mid-market enterprises by offering real-time pricing, tracking, and compliance workflows. Agraga claims to have built its stack around four layers which includes discovery, tracking, execution, and data-driven decision-making. Agraga serves more than 700 customers and 1,000 vendors across 40 global trade lanes. It also partners with financial institutions including ICICI Bank and IDFC First Bank. Its subsidiary Byteport Logistics focuses on channel-partner aggregation for MSME and LCL customers. Bajaj Finserv backs Indian startups through its corporate venture arm, Bajaj Finserv Ventures, and its newer alternative investment subsidiary, with a focus on fintech, healthcare and technology.

Alimento Agro Foods raises Rs 52 Cr led by IvyCap Ventures

EntrackrEntrackr · 20d ago
Alimento Agro Foods raises Rs 52 Cr led by IvyCap Ventures
Medial

Snippets Alimento Agro Foods raises Rs 52 Cr led by IvyCap Ventures Packaged food startup Alimento Agro Foods Pvt Ltd, which owns brands MOM Meal of the Moment and Gimi Gimi, has raised Rs 52 crore (around $5.8 million) in a Series A funding round led by IvyCap Ventures. The proceeds will be used to expand its manufacturing capacity, strengthen its distribution network across India, and invest in new product development across both brands. Founded by Prateek Bhagchandka and Mugdha Bhagchandka, Alimento operates in two fast-growing food categories. MOM Meal of the Moment focuses on instant meals and snacks positioned around taste and convenience, targeting urban consumers looking for quick meal options. The brand has built traction in the ready-to-eat and ready-to-cook segment. Its second brand, Gimi Gimi, is positioned as a Korean-style noodle brand for Indian consumers. The company is betting on rising interest in global flavours, particularly Korean food, to scale the brand nationally. According to the founders, the funding comes at a stage where both brands are seeing steady demand, and the focus now is on scaling operations and improving reach beyond existing markets. Manufacturing expansion and wider retail distribution are expected to be key priorities over the next phase. Alimento Agro Foods aims to build a portfolio of mass-market food brands in the convenience and instant food space, competing with both legacy FMCG players and newer direct-to-consumer brands.

Celcius Logistics raises Rs 40 Cr in pre-Series B round

EntrackrEntrackr · 1y ago
Celcius Logistics raises Rs 40 Cr in pre-Series B round
Medial

Celcius Logistics, a domestic aggregator providing end-to-end cold-chain solutions, has secured Rs 40 crore ($4.8 million) in a pre-series B round, led by existing investor IvyCap Ventures. Other investors include ⁠Mumbai Angels and Caret Capital. The current round follows the Series A funding round of Rs 100 crore ($12 million) in April 2023 led by IvyCap Ventures. The fresh proceeds will be used to expand its footprint across its transportation management system (TMS) and warehouse management system (WMS), further strengthening its cold storage solution. It also aims to expand its reach in over 500 cities in the next one year and help manufacturers sell their perishable products. Founded by Swarup Bose, Celcius Logistics connects shippers and transporters and is a one-stop solution for all cold chain requirements, ensuring last mile and hyperlocal deliveries. The platform has already transported over four lakh tons of perishable cargo for dairy, pharma, fruits, seafood as well as fresh agricultural produce. Its clients include Zomato, Spicejet, Reliance Pharma, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino’s, Keventers, and Godrej Agrovet among others. Currently, the platform claims to have 4,000 vehicles, 107 cold storage facilities, 27 distribution centres, and 200 hyperlocal riders across the country.

Edge AI startup Edgehax raises Rs 1.39 Cr in Seed round led by IPV

EntrackrEntrackr · 4m ago
Edge AI startup Edgehax raises Rs 1.39 Cr in Seed round led by IPV
Medial

Edge AI startup Edgehax raises Rs 1.39 Cr in Seed round led by IPV Edgehax, a full-stack Edge AI hardware platform, has raised Rs 1.39 crore in a Seed round led by Inflection Point Ventures (IPV). The fresh funds will be deployed to scale up manufacturing, accelerate new product development, and expand market access across India and international markets including Singapore, the US, and Europe. Founded in 2025 by Prabhu Stavarmath and Savitri Patil, Edgehax builds modular Edge AI computing platforms that combine compute, connectivity, and storage on a single board. Its hardware has already found applications in industrial gateways, humanoid robots, autonomous vehicles, drones, defense systems, and NavIC-based tracking solutions. The startup has already partnered with over 150 startups, OEMs, and large enterprises, and has enabled 100,000 students and faculty across 30 universities and IITs through its developer kits. The brand claims to have already shipped over 5,000 edge gateway boards and plans to roll out 10,000 compute modules for consumer appliances by December 2025. Edgehax operates in a domain similar to global players such as Raspberry Pi, Nvidia Jetson, Google Coral, and Qualcomm’s AI boards.

Download the medial app to read full posts, comements and news.