Pune-based AI-driven robotics startup, Haber, has raised Rs 317.2 crore (approximately $38 million) in a fresh funding round spearheaded by private equity firm Creaegis. This round also saw participation from Accel India and BeeNext Capital. Creaegis led the funding with Rs 200.3 crore, while Accel contributed Rs 83.5 crore, and BeeNext invested Rs 33.4 crore, as per filings with the Registrar of Companies (RoC).
The funds raised will support Haber’s growth initiatives, market expansion, and corporate activities, according to the company’s filings. This latest investment brings Haber’s total funding to $65 million, building on a $20 million round led by Ascent Capital in 2021.
Founded in 2017 by Vipin Raghavan, Priya Venkat, and Arjunan PN, Haber specializes in developing AI-powered robots aimed at automating labor-intensive processes in industrial settings. Their technology automates critical functions such as sample collection, measurement, and analysis, reducing the need for manual intervention and enhancing operational efficiency.
In addition to streamlining factory operations, Haber’s solutions help industries lower their consumption of resources like chemicals, energy, and water—leading to both cost reductions and more sustainable practices.
While the company is yet to disclose its financials for FY24, it reported an 82% rise in revenue in the previous fiscal year, reaching Rs 82.8 crore. However, losses also increased by 47%, amounting to Rs 36.8 crore.
This funding boost comes at a time when AI and robotics are gaining momentum in sectors such as manufacturing, logistics, and healthcare. Haber faces competition from companies like Detect Technologies and Fero Labs, both of which are actively innovating in the industrial automation space.