Artificial intelligence and national security technology company Innefu Labs has raised $30 million (approximately Rs 286 crore) in a Series B funding round led by Singapore-based growth equity firm Panthera Growth Partners.
The investment, which includes a combination of primary and secondary transactions, marks a significant milestone for the New Delhi-headquartered company. Moreover, the fresh capital strengthens Innefu Labs’ path toward a potential initial public offering (IPO) while accelerating its plans to expand into international markets.
Panthera Growth Partners deployed the investment through its second fund, which receives backing from institutional investors across India, the European Union, and the United States. Consequently, the funding reinforces growing global confidence in India’s deep-tech and artificial intelligence ecosystem.
Innefu Labs plans to utilize the newly raised capital to fuel global market expansion and intensify research and development efforts in advanced technologies. Specifically, the company will enhance its proprietary agentic AI platform, establish a dedicated physical AI and robotics division, and build sovereign AI infrastructure supported by domain-specific large language models.
Furthermore, the company revealed that it currently manages a growing order book exceeding Rs 100 crore. These contracts span critical sectors such as defence, intelligence, law enforcement, and revenue intelligence, highlighting the increasing demand for AI-powered security and analytics solutions.
Commenting on the development, Innefu Labs Co-Founder and CEO Tarun Wig said, “We now intend to scale our innovations faster, deepen our investments in advanced AI, and further enhance our autonomous decision-support systems. We believe the next wave of technological leadership will belong to nations that own their intelligence capabilities, and Innefu is committed to ensuring that India stands at the forefront of that transformation.”
Founded in 2010, Innefu Labs specializes in data analytics, artificial intelligence, cybersecurity, and information security solutions designed for national security agencies and enterprise customers. Over the years, the company has developed indigenous technologies that address complex security, intelligence, and risk management challenges.
Explaining the rationale behind the investment, Shilpa Kulkarni, Founder and Managing Partner of Panthera Growth Partners, stated, “Innefu has built native, AI-powered software that solves critical challenges in national defence and enterprise security infrastructure. Our investment decision is based on their proprietary technology, deep domain expertise, and a proven track record in high-stakes, mission-critical environments.”
In addition to attracting investor confidence, Innefu Labs delivered strong financial performance during FY25. The company reported a net profit of Rs 34.2 crore, representing a nearly 90% increase from Rs 18 crore recorded in the previous fiscal year.
Meanwhile, revenue from operations rose significantly to Rs 103 crore in FY25, compared to Rs 62.7 crore in FY24. This robust growth reflects increasing adoption of the company’s AI-powered security, defence, and intelligence solutions across government and enterprise sectors.
The latest funding round also underscores the growing momentum within India’s artificial intelligence, defence technology, and cybersecurity sectors. As governments and enterprises increasingly prioritize sovereign AI capabilities, national security infrastructure, and autonomous decision-making systems, companies such as Innefu Labs are emerging as key players in shaping the future of strategic technology.
Innefu Labs’ $30 million Series B funding round represents a major boost for India’s rapidly evolving AI and national security technology landscape. With strong financial growth, a healthy order pipeline, and ambitious plans to expand globally, the company is well-positioned to strengthen its leadership in defence AI, cybersecurity, and sovereign intelligence solutions. As it advances toward a potential IPO, Innefu Labs continues to demonstrate how indigenous innovation can drive technological self-reliance and global competitiveness in mission-critical sectors.
