Haber, an AI-powered industrial robotics startup, raised $44 million in Series C funding to boost its expansion into the American market. The funding round, led by Creaegis, BEENEXT, and Accel, included $38 million in equity and $6 million in debt.
The Pune-based company, which streamlines industrial processes for over 100 clients in India, the Middle East, and Africa, previously raised $20 million in Series B funding in 2021, led by Ascent Capital.
“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,” said Vipin Raghavan, CEO of Haber. “Last year, we began exploring the North American market and secured our first customer there… We’ve added a few more in the region.”
Founded in 2017 by Raghavan, Arjunan PN, and Priya Venkat, Haber creates AI-driven robots to automate tasks like sample collection and analysis in factories. Their technology has saved clients over 50 billion liters of water and reduced carbon emissions by 500,000 tonnes.
Priya Venkat, who is also the COO, said Haber’s success has laid the foundation for its next big step—expanding into the Americas, “where the demand for industrial AI solutions is immense”.
“We also plan to extend our solution to other process manufacturing industries,” she added.
Raghvan indicated where that would be. “We’re exploring opportunities in two more industry verticals: metals and metal processing, as well as food and beverage processing. The main focus is to go deeper and capture wallet share and market share in bulk packaging globally,” he said.
BEENEXT’s Managing Partner Hero Choudhary emphasised the company’s performance: “The company’s ability to prioritise and deliver on both profitability and margin growth is truly impressive. They have built immense trust with their customers, consistently delivering measurable results. This is why we’ve chosen to double down on our investment.”
Over the past year, the company doubled its revenue from key clients while achieving zero churn. Prominent clients, including ITC, the Aditya Birla Group, and Tata Steel, benefit from their services, which cater to industries like sugar mills, distilleries, paper mills, breweries, and mining operations.
