October 12, 2024: Haber Nets, an AI-driven robotics startup which offers Real-time, AI driven automation to maximize plant efficiency & output on Friday announced it has secured $38 million to propel its next phase of growth.
The Pune startup (Elixa Technologies Pvt Ltd) divulged that its board has given its nod for a special resolution to raise fresh round of investment by issuing 100 equity shares and 457,572 Series C compulsorily convertible preference shares (CCPS) to Accel, Beenext Capital, and Creaegis, according to a filing with the Ministry of Corporate Affairs (MCA).
Founded by Vipin Raghavan, Arjunan PN, and Priya Venkat in 2017, Haber Nets offers AI-driven industrial robots to automate labour-intensive tasks of sample collection, measurement, analysis, and intervention in factories.
Haber Nets Enables Customers Save 50 Billion Liters of Water
Haber raised $20 million in the year 2021, in a Series B funding led by Ascent Capital in 2021. It helps a number of industries to reduce chemical consumption, along with energy and water usage spanning food and beverages, oil and gas, and agriculture sectors. Haber Nets has enabled its customers to save over 50 billion litres of water and eliminate half a million tonnes of carbon emissions.
With a focus on the manufacturing industry, its portfolio includes automation services for chemical dosing across different applications at sugar mills, distilleries, paper mills, breweries, independent institutions, and mining.
The investment infusion in Haber Nets comes at a time when the adoption of advanced robotics technology is on the rise in India.
A number of enterprises operating in healthcare, logistics, warehousing, and retail chain management are scrambling to integrate AI-based automation systems into their business operations as demand booms for quick delivery of products and services.
The new investment round was led by Creaegis, along with participating investors Acceland BEENEXT Capital.
