Haber, a leading industrial AI startup, has raised $44 million in its Series C funding round, which included $38 million in equity and $6 million in debt.
The funding round was led by Creaegis, BEENEXT, and Accel, demonstrating strong investor confidence in the company’s innovative AI-driven solutions and its vision for global expansion.
Founded in 2017 by Vipin Raghavan (CEO), Priya Venkat (COO), and Arjunan PN (VP, Technical), Haber has nearly doubled its revenue from key customers in the past year, all while maintaining a zero-churn rate. Its proprietary technology has enabled industries to improve production efficiency while significantly reducing water and energy consumption. The company began its operations in India and is now instrumental in driving efficiency and sustainability across [100+] clients in India, Middle East, and Africa.
Haber plans to deploy the capital primarily to scale the company’s operations internationally, with a key focus on the Americas, where the demand for AI-led industrial automation solutions is growing rapidly.
“Haber has set new benchmarks for efficiency and sustainability in manufacturing,” said Priya Venkat, Co-Founder and COO of Haber. “This success lays the foundation for our next big step—expanding into the Americas, where the demand for industrial AI solutions is immense. We also plan to extend our solution to other process manufacturing industries.”
Prakash Parthasarathy, Managing Partner and CIO, Creaegis, emphasised Haber’s unique value proposition, saying, “The global manufacturing sector is undergoing a data revolution with a need for intelligent automation solutions for process control. Haber, with their proprietary AI/ML algorithms and deep process expertise, is leading this disruption by providing end-to-end, AI-led industrial automation solutions in large and small-scale manufacturing setups. The company enables customers to improve processes quality parameters, utilization, and reduce wastages. We are excited to partner with them in their next phase of growth as they further solidify their leadership in the India / MENA markets and expand their presence across new geographies.”
Adding to this, Hero Choudhary, Managing Partner at BEENEXT, said, “The company’s ability to prioritize and deliver on both profitability and margin growth is truly impressive. They have built immense trust with their customers, consistently delivering measurable results. This is why we’ve chosen to double down on our investment. Their ever-growing deployments is a testament to their customer focus.”
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