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Industrial AI enterprise Detect Technologies raises $28mn in Series B funding led by Prosus Ventures

The company gears to further expand its global footprint to fulfil the accelerating demand for industrial automation CHENNAI, India, July 15, 2022 /PRNewswire/ Detect Technologies, a leading AI-based SaaS enterprise, announced today that it raised $28Mn in primary and secondary funding.Detect Technologies provides cloud-based applications to industries to automate and enhance visibility of industrial risks and improve productivity. Prosus Ventures led this round with significant participation from existing investors Accel and ElevationCapital, and continued support from other existing investors-Shell Ventures, Bharat Innovation Fund and Bluehill Capital. Detect Technologies has grown rapidly to become a leading industrial AI and SaaS enterprise.The company will utilize this capital to further expand and strengthen its sales and operations across international markets in North America and Europe. Operating in the fast-evolving space of AI, the company has also allocated funds for enric ....

United States , Tamil Nadu , Mridul Arora , Daniel Raj David , Ashutosh Sharma , Barath Shankar Subramanian , Bharat Innovation Fund , Detect Technologies , Shell Ventures , North America , Prosus Ventures , North American , Elevation Capital , The Company Gears To Further Expand Its Global Footprint Fulfil Accelerating Demand For Industrial Automation Chennai , July 15 , 022 Prnewswire Detect Technologies , A Leading Ai Based Saas Enterprise , Nnounced Today That It Raised 28mn In Primary And Secondary Funding Detect Technologies Provides Cloud Based Applications To Industries Automate Enhance Visibility Of Industrial Risks Improve Productivity Prosus Ventures Led This Round With Significant Participation From Existing Investors Accel Elevationcapital , Nd Continued Support From Other Existing Investors Shell Ventures , Harat Innovation Fund And Bluehill Capital Detect Technologies Has Grown Rapidly To Becomea Leading Industrial Ai Saas Enterprise The Company Will Utilize This Further Expand Strengthen Its Sales Operations Across International Markets In North America Europe Operating Fast Evolving Space Of , He Company Has Also Allocated Funds For Enriching Its Product Suite Quot Our Vision Is To Provide Actionable Intelligence Help Industries Mitigate Their Risks While Achieving Business Objectives Sustainablyi Am Happy That Customers Are Reporting Fewer Hse Incidents And Reduced Unplanned Downtimes With Increased Productivity Levels We Grateful The Confidence Bestowed Upon Us By Investors , Nd Look Forward To Accelerating Our Market Expansion , Uot Said Daniel Raj David , Eo And Co Founder Of Detect Technologies Ashutosh Sharma , Ead Of Investments , T Prosus Ventures ,