Haber, a Pune-based that makes AI-driven industrial robots, raised $20 million in Series B funding, taking its total funds raised to $27 million.

The round was led by Ascent Capital, with participation from Accel, Elevation Capital, BEENEXT, Temasek partner Mukul Chawla and the founders of GreyOrange, Samay Kohli and Akash Gupta.

The funds will be used to expand its reach across new geographies and industries, to save over 400 billion liters of water in the next two years, and to deploy over 10,000 eLIXAs in the next 5 years.

Company: Elixa Technologies Pvt. Ltd.

Raised: $20.0M

Round: Series B

Funding Month: November 2021

Lead Investors: Ascent Capital 

Additional Investors: Accel, Elevation Capital, BEENEXT, Mukul Chawla, Samay Kohli, and Akash Gupta

Company Website: https://www.haberwater.com/

Software Category: AI-driven industrial robots

About the Company: Haber drives the future of industrial automation, with a focus on the manufacturing industry, Haber portfolio includes automation services for chemical dosing across different applications at paper mills, sugar mills, distilleries, breweries, independent institutions, and mining. Haber has helped its customers save fifty billion liters of water and eliminate half a million tons of carbon emissions. Reducing carbon emissions is one of the key environmental issues, which will even take the limelight at the COP26 summit in November 2021. 

Source: https://economictimes.indiatimes.com/tech/funding/industrial-robot-maker-haber-raises-20-million-in-series-b-funding/articleshow/87864260.cms