AI Start-up Haber Raises $44 Million in Series C Round Led by Accel, Others

AI-powered industrial robotics start-up Haber has raisesd $44 million in its Series C funding round led by Creaegis, BEENEXT, and Accel, as the company plans global expansion. The funding amount includes $38 million in equity and $6 million in debt.

The Pune-based company had raised $20 million in a Series B funding round led by Ascent Capital. Its operations are instrumental for over 100 clients across India, Middle East, and Africa.

“Haber has set new benchmarks for efficiency and sustainability in manufacturing. This success lays the foundation for our next big step—expanding into the Americas, where the demand for industrial AI solutions is immense," said Priya Venkat, cofounder and COO of Haber.

She further stated that the AI start-up is also planning to extend Haber's solution to process manufacturing industries.

Haber's solutions are implemented across pulp, paper, and packaging industries. It plans to deploy the capital primarily to scale the company’s operations internationally, focusing on America, where the demand for AI-led industrial automation solutions is growing rapidly.

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"The global manufacturing sector is undergoing a data revolution with a need for intelligent automation solutions for process control," said Prakash Parthasarathy, Managing Partner & CIO, Creaegis in an official statement.

He said Haber enables customers to improve processes quality parameters, and utilisation, and reduce wastage. "We are excited to partner with them in their next phase of growth as they further solidify their leadership in the India or MENA markets and expand their presence across new geographies."

Haber which has proprietary technologies, ensures that manufacturers can make accurate data-driven decisions without delving into complex data analysis, freeing up time and resources for strategic initiatives.