Haber, a Pune, India-based smart manufacturing startup, raised $44m in Series C funding round, which included $38m in equity and $6m in debt.
The round was led by Creaegis, BEENEXT, and Accel.
The company intends to use the funds to accelerate its expansion into North America and to set up an office in Chicago along with an advanced R&D lab for generating training data and AI models. Haper plans to hire engineers, data scientists, industry specialists and professionals in sales and support functions.
Founded in 2017 by Vipin Raghavan (CEO), Priya Venkat (COO), and Arjunan PN (VP, Technical), Haber has developed proprietary AI technology that empowers manufacturers to make data-driven decisions, eliminating the complexity of traditional data analysis while optimizing resource use, and helping businesses reduce water and energy consumption.
Haber has been instrumental in driving efficiency and sustainability in the Indian paper industry and is now poised to extend its impact to other manufacturing industries, such mining and metal and food & beverage.
FinSMEs
13/12/2024