Haber, an AI-driven industrial robotics startup, has raised $44 million in Series C funding led by Creaegis, BEENEXT, and Accel, aimed at bolstering its expansion into the American market.
The Pune-based company, which specializes in automating industrial processes for over 100 clients across India, the Middle East, and Africa, secured $38 million in equity financing and $6 million through debt in this round.
In its previous funding milestone in 2021, Haber raised $20 million in a Series B round led by Ascent Capital.
Vipin Raghavan, CEO of Haber, said, “Even in the Western markets, there’s a big scarcity of experienced talent and human capital needed to operate and run manufacturing plants. Hence, we are seeing a big uptick for increased adoption of automation and software solutions.”
Vipin added that last year, the company began exploring the North American market and secured its first customer there.
Established in 2017 by Raghavan, Arjunan PN, and Priya Venkat, Haber designs AI-powered robots to streamline factory operations, including tasks like sample collection and analysis. Their innovative technology has enabled clients to conserve over 50 billion litres of water and reduce carbon emissions by 500,000 tonnes.
Over the past year, the company has achieved a twofold increase in revenue from its major clients while maintaining a perfect retention rate. Its customer base features industry giants such as ITC, the Aditya Birla Group, and Tata Steel, with its services extending to sugar mills, distilleries, paper mills, breweries, and mining sectors.
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