Detect technologies - Latest News Update, Information, Photos & Videos on Detect technologies at Lokmat Times

New Delhi, June 30 Industrial AI company Detect Technologies on Wednesday said it has raised $12 million led by Accel to enhance industrial productivity globally.The funding round saw significant participation from existing investor Elevation Capital and continued support from Bharat Innovation Fund, BlueHill Capital, and Axilor Ventures.Stride Ventures also participated as a venture debt partner.The company said it will use the funds to further expand and strengthen its sales and operations teams across India and international markets."Despite initiatives towards industrial automation and digitization, large conglomerates have seen limited success in generating tangible value on site. Industrial processes today are siloed and need significant human intervention, which is subject to error," said Daniel Raj David, CEO and Co-founder of Detect Technologies.Part of the funds will also be deployed for R&D and product innovation to strengthen Detect's lead in industrial AI and IoT, the company informed.The company has expanded into six new international territories within 10 months."The industrial sector loses millions globally in revenue due to unplanned shutdowns, a result of lack of intelligent real-time data and insights to aid decision making."Detect is operating in this $200 billion+ market opportunity of industrial automation and real-time analytics to increase visibility over operations, the health of equipment, and the safety of workers," said Barath Shankar Subramanian, Partner, Accel.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Detect Technologies, NewsFOLLOW

Detect technologies, Latest News

Technology :Accel unveils Atoms 3.0 with sector-focused thematic cohorts for early stage firms

New Delhi, May 9 Global VC firm Accel on Tuesday unveiled the new avatar of its Atoms programme ... ...

Technology :Industrial AI firm Detect Technologies raises $12 mn

New Delhi, June 30 Industrial AI company Detect Technologies on Wednesday said it has raised $12 million led ... ...