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Time of India
15-05-2025
- Business
- Time of India
Deeptech startups snagged $324 million in first four months of the year
ETtech Live Events The R&D-focused and innovation-anchored deeptech ecosystem, contrary to perception, is lately drawing more money—and deals. Venture Intelligence data showed investments in deeptech doubled in the first four months of 2025 to $324 million across 35 deals, compared with $156 million in the same period last year that saw 21 such of the biggest deeptech deals in 2025 included a $90 million investment in Netradyne , an AI-based fleet management platform, by Qualcomm Ventures, Point72 Ventures and others; $54 million in SpotDraft, an AI-based contract management firm, from Trident Capital and others; $35 million investment in predictive maintenance service platform Infinite Uptime by Tiger Global, GSR Ventures and $21 million in Tonbo Imaging, which offers imaging and sensor systems to military, by Florintree and broadly refers to technology-based innovation that hinges on advanced scientific and engineering research, which require significant expertise, capital and union minister Piyush Goyal 's comment on the lack of a deeptech ecosystem certainly triggered the conversation, deeptech ecosystem has been seeing increasing interest for a while Natarajan, managing partner, Mela Ventures, said that unlike a few years ago, deeptech is seeing more commercial use cases making the sector Subramaniam, managing partner, Yali Capital, which has Intel CEO Lip-Bu Tan as an advisor, said that there are more companies that are being created in deeptech now than before. This is formed by people from premier institutions and executives from multinational companies, who are choosing to stay back in the Shankar, co-founder, Java Capital, a deeptech fund, said that recent times have seen several government initiatives that attempt to grow the deeptech ecosystem in the country such as Rs 10,000 crore fund of funds to invest in deeptech and other initiatives that support semiconductors, space, and these are resulting in increased competition for deeptech deals in India.A partner from a deeptech fund told ET that they are now competing with larger players in early stage deeptech deals and are closing more as well. 'This year alone we have closed 4-5 deals at a higher valuation. We used to do 7-8 per year,' the investor Capital's Shankar said that initial investment for deeptech companies is now upwards of $4-5 million now, compared to $2-3 million a couple of years is also gaining momentum. For instance, Mela Ventures has invested along with Blume in Optimized ElectroTech, a defence technology Natarajan said that, unlike consumer technology startups, the model of investment for deeptech needs to be different as it takes a longer time to commercialise. 'If it is a 3–5-year horizon for consumer technology startups, in deeptech it requires 8-10 years. They also need intense involvement, hand-holding and mentoring to help them through the process,' he addition, one of the key challenges is also market creation. Natarajan explained that in many cases these startups are catering to the market that either does not exist or require firms to adopt a newer way. While funds like them are helping companies to reach the commercialisation stage, there is a need for intervention to drive market adoption. 'Like how the government offered subsidies for EVs (electric vehicles) there must be some incentives for customers to adopt deeptech solutions,' he added.
Time of India
15-05-2025
- Business
- Time of India
Deeptech startups raked in $324 million in first four months of this year
The R&D-focused and innovation-anchored deeptech ecosystem, contrary to perception, is lately drawing more money—and deals. Venture Intelligence data showed investments in deeptech doubled in the first four months of 2025 to $324 million across 35 deals, compared with $156 million in the same period last year that saw 21 such commitments. Some of the biggest deeptech deals in 2025 included a $90 million investment in Netradyne , an AI-based fleet management platform, by Qualcomm Ventures, Point72 Ventures and others; $54 million in SpotDraft, an AI-based contract management firm, from Trident Capital and others; $35 million investment in predictive maintenance service platform Infinite Uptime by Tiger Global, GSR Ventures and $21 million in Tonbo Imaging, which offers imaging and sensor systems to military, by Florintree and others. Deeptech broadly refers to technology-based innovation that hinges on advanced scientific and engineering research, which require significant expertise, capital and time. While union minister Piyush Goyal 's comment on the lack of a deeptech ecosystem certainly triggered the conversation, deeptech ecosystem has been seeing increasing interest for a while now. ETtech Live Events More interest Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Krishnakumar Natarajan, managing partner, Mela Ventures, said that unlike a few years ago, deeptech is seeing more commercial use cases making the sector attractive. Ganapathy Subramaniam, managing partner, Yali Capital, which has Intel CEO Lip-Bu Tan as an advisor, said that there are more companies that are being created in deeptech now than before. This is formed by people from premier institutions and executives from multinational companies, who are choosing to stay back in the country. Vinod Shankar, co-founder, Java Capital, a deeptech fund, said that recent times have seen several government initiatives that attempt to grow the deeptech ecosystem in the country such as Rs 10,000 crore fund of funds to invest in deeptech and other initiatives that support semiconductors, space, and biotech. All these are resulting in increased competition for deeptech deals in India. Rising competition A partner from a deeptech fund told ET that they are now competing with larger players in early stage deeptech deals and are closing more as well. 'This year alone we have closed 4-5 deals at a higher valuation. We used to do 7-8 per year,' the investor said. Java Capital's Shankar said that initial investment for deeptech companies is now upwards of $4-5 million now, compared to $2-3 million a couple of years ago. Co-investing is also gaining momentum. For instance, Mela Ventures has invested along with Blume in Optimized ElectroTech, a defence technology startup. Challenges Persist Mela's Natarajan said that, unlike consumer technology startups, the model of investment for deeptech needs to be different as it takes a longer time to commercialise. 'If it is a 3–5-year horizon for consumer technology startups, in deeptech it requires 8-10 years. They also need intense involvement, hand-holding and mentoring to help them through the process,' he explained. In addition, one of the key challenges is also market creation. Natarajan explained that in many cases these startups are catering to the market that either does not exist or require firms to adopt a newer way. While funds like them are helping companies to reach the commercialisation stage, there is a need for intervention to drive market adoption. 'Like how the government offered subsidies for EVs (electric vehicles) there must be some incentives for customers to adopt deeptech solutions,' he added.
Yahoo
11-03-2025
- Business
- Yahoo
Infinite Uptime bags $35M to help factories optimize equipment usage
Infinite Uptime, an Indian startup that offers predictive maintenance solutions for factories, has raised $35 million in a Series C funding round to expand its footprint in the U.S. and other markets. The manufacturing industry has lagged many industries in its adoption of tech, and much of the world's heavy industry still depends on machines, many of which are aging and consume lots of energy. That said, modern tech is slowly but surely making its way into factories, particularly for maintenance and repairs — the space Infinite Uptime is targeting. The company says it provides predictive maintenance and repair recommendations using proprietary sensors, software analytics, and AI-based diagnostics. It also has a smart dashboard that provides live monitoring capabilities. "We give manufacturers pinpointed recommendations and intervention points, exactly what needs to be done in the plant, what parameters need to be looked at, which asset needs to be corrected," Infinite Uptime's founder Raunak Bhinge told TechCrunch. The startup says its piezoelectric sensors can offer diagnostics in high temperatures as well as complex acidic environments such as phosphoric acid, nitric acid and sulphuric acid plants. It has secured about five patents in this space, Bhinge said. To be clear, this isn't an entirely new opportunity in the market — large manufacturers like Rockwell, Siemens, and Honeywell have enabled factories with AI-based automation for some time. Similarly, some startups like Augury help factories detect problems with their machines using sensors and AI. But Bhinge feels Infinite Uptime is "fairly unique in terms of the tech stack," explaining that the startup's approach is not top-down, like its larger competitors which use programmable logic controllers (PLC) or programmable limit switches (PLS). He argued that even the battery-based microelectromechanical systems (MEMS) that some startups offer have limited use cases and effectively do not work for high-temperature applications. Infinite Uptime targets manufacturers in the steel, cement, metals, mining, fertilizers, chemicals, and paper industries. It also partners with OEMs to plug its AI layer into their new products. Cumulatively, Infinite Uptime says its solutions have helped customers see downtime savings of 74,274 hours as well as 5% to 10% improvement in productivity, energy efficiency, safety, and compliance. The startup currently serves 800 plants in nearly 30 countries, and with the new funding, it aims to expand its presence in the U.S further. The Series C was led by Avataar Ventures, and saw participation from StepStone Group and LGVP, along with existing investors Tiger Global and GSR Ventures. The round brings the company's total capital raised to about $65 million since its inception in 2015, per Crunchbase. Bhinge said the startup's revenue has increased by 2 times every year for the past three years, and it is operationally cash-flow positive. The company is looking to put the fresh cash towards product development, and intends to evaluate M&A opportunities to scale further. Infinite Uptime, which has about 350 employees, also plans to invest more in R&D and data science to enhance its AI insights and "further close the gap between build capacity and actual production and also improve production efficiency," Bhinge said. "We're investing in how we can help manufacturers [...] use less energy per ton of production from their existing build capacity," he said. Sign in to access your portfolio
