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AI startup Innefu Labs raises $2 mn from IndiaNivesh Fund

Press Trust of India  |  New Delhi 

Artificial intelligence startup Innefu Labs today said it has raised USD 2 million (over Rs 12 crore) in funding from Venture Capital Fund.

The series A funding will see acquiring a minority stake in the company, Innefu Labs said in a statement.



The was facilitated by Sweat Equity Partners.

The funds raised will be primarily used to enhance the AI platform that supports various enforcement agencies for predictive intelligence and facial biometrics.

It will also invest in talent and expansion into markets like and Sri Lanka, it said.

The city-based startup was founded in 2011 by Tarun Wig and Abhishek Sharma. The company works with agencies, corporates and enforcement agencies.

Its clients include DRDO, (BSF) and as well as corporates like Mahindra and Mahindra.

"We are a completely 'Made in India' company providing indigenous product solutions to our customers in and abroad. We have the right blend of domain expertise with tech know-how to compete with the best in the world," Sharma said.

Venture Capital is a Rs 150 crore fund that has invested in 5 businesses so far.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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AI startup Innefu Labs raises $2 mn from IndiaNivesh Fund

Artificial intelligence startup Innefu Labs today said it has raised USD 2 million (over Rs 12 crore) in funding from IndiaNivesh Venture Capital Fund. The series A funding will see IndiaNivesh acquiring a minority stake in the company, Innefu Labs said in a statement. The transaction was facilitated by Sweat Equity Partners. The funds raised will be primarily used to enhance the AI platform that supports various law enforcement agencies for predictive intelligence and facial biometrics. It will also invest in talent acquisition and expansion into markets like Bangladesh and Sri Lanka, it said. The city-based startup was founded in 2011 by Tarun Wig and Abhishek Sharma. The company works with government agencies, corporates and law enforcement agencies. Its clients include DRDO, Border Security Force (BSF) and CRPF as well as corporates like Mahindra and Mahindra. "We are a completely 'Made in India' company providing indigenous product solutions to our customers in India and ... Artificial intelligence startup Innefu Labs today said it has raised USD 2 million (over Rs 12 crore) in funding from Venture Capital Fund.

The series A funding will see acquiring a minority stake in the company, Innefu Labs said in a statement.

The was facilitated by Sweat Equity Partners.

The funds raised will be primarily used to enhance the AI platform that supports various enforcement agencies for predictive intelligence and facial biometrics.

It will also invest in talent and expansion into markets like and Sri Lanka, it said.

The city-based startup was founded in 2011 by Tarun Wig and Abhishek Sharma. The company works with agencies, corporates and enforcement agencies.

Its clients include DRDO, (BSF) and as well as corporates like Mahindra and Mahindra.

"We are a completely 'Made in India' company providing indigenous product solutions to our customers in and abroad. We have the right blend of domain expertise with tech know-how to compete with the best in the world," Sharma said.

Venture Capital is a Rs 150 crore fund that has invested in 5 businesses so far.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

AI startup Innefu Labs raises $2 mn from IndiaNivesh Fund

Artificial intelligence startup Innefu Labs today said it has raised USD 2 million (over Rs 12 crore) in funding from Venture Capital Fund.

The series A funding will see acquiring a minority stake in the company, Innefu Labs said in a statement.

The was facilitated by Sweat Equity Partners.

The funds raised will be primarily used to enhance the AI platform that supports various enforcement agencies for predictive intelligence and facial biometrics.

It will also invest in talent and expansion into markets like and Sri Lanka, it said.

The city-based startup was founded in 2011 by Tarun Wig and Abhishek Sharma. The company works with agencies, corporates and enforcement agencies.

Its clients include DRDO, (BSF) and as well as corporates like Mahindra and Mahindra.

"We are a completely 'Made in India' company providing indigenous product solutions to our customers in and abroad. We have the right blend of domain expertise with tech know-how to compete with the best in the world," Sharma said.

Venture Capital is a Rs 150 crore fund that has invested in 5 businesses so far.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22