- Planys Technologies secures INR 43 crore funding led by Ashish Kacholia to enhance infrastructure inspection technology
- Founded by Vineet Upadhyay, the startup specializes in marine robotics, non-destructive testing, and intelligent data analytics
- The funding will be used to expand operational capacity and develop advanced inspection solutions
- Planys has conducted over 400 asset inspections globally in sectors like Ports, Oil & Gas, and Dams
- Indian government and VCs are increasingly supporting the deep-tech sector, with new schemes promoting research and innovation
Improving Infrastructure Inspection with Planys Technologies
In the ever-evolving landscape of technology and innovation, startups play a crucial role in introducing groundbreaking solutions to various industries. Planys Technologies, a deep-tech startup, recently made waves in the investment world by securing a substantial amount of funding to enhance its infrastructure inspection process. Let’s delve into the details of this exciting development and explore how Planys Technologies is revolutionizing the way infrastructure inspections are conducted.
Securing INR 43 Crore Funding for Innovation
Planys Technologies, a pioneer in the field of infrastructure inspection technology, recently announced that it had successfully secured INR 43 Crores in equity investment. Leading the funding round was Ashish Kacholia, the co-founder of Hungama Digital Media Entertainment Pvt Ltd, along with participation from other notable investors such as Krishna Defence, Golden Birch Investments, Samarthya Advisors, and Cogniphy Angel Fund. This significant infusion of capital is poised to propel Planys Technologies to new heights in its mission to revolutionize infrastructure inspections through cutting-edge technologies.
Empowering Infrastructure Inspection through Technology
Founded by Vineet Upadhyay, Tanuj Jhunjhunwala, and IIT Madras faculty members Prabhu Rajagopal and Krishnan Balasubramanian, Planys Technologies is at the forefront of leveraging technology to enhance infrastructure inspection processes. The startup specializes in utilizing marine robotics, underwater testing, and digital analytics to collect valuable data for inspecting critical structures such as dams, bridges, and refineries. By harnessing the power of underwater drone technologies, Planys Technologies is capable of conducting visual and sensor-based testing with unparalleled precision and efficiency.
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Speaking about the recent funding milestone, Vineet Upadhyay, the Founder and Chief Technology Officer of Planys, expressed his vision of expanding the company’s operational capacity and diversifying its range of underwater inspection solutions. With a focus on high-end applications like non-destructive testing of metal and concrete structures, specialized inspection robotics for the process and hydrocarbon industry, real-time monitoring applications, and advanced digital reporting solutions, Planys Technologies is poised to set new benchmarks in the field of infrastructure inspection.
Driving Innovation in the Deep-Tech Sector
The success of Planys Technologies in securing substantial funding underscores the growing interest and investment in the Indian deep-tech sector. Both venture capitalists and the government are increasingly recognizing the potential of deep-tech startups in driving innovation and fostering self-reliance. In her interim Budget speech, Finance Minister Nirmala Sitharaman highlighted the government’s commitment to supporting deep-tech startups through initiatives such as a new scheme with a corpus of Rs 1 lakh crore aimed at promoting research and innovation. This proactive approach is geared towards bolstering the deep-tech ecosystem and accelerating progress towards self-sufficiency, particularly in critical sectors like defense.
Planys Technologies’ recent funding success signifies a significant milestone in its journey towards redefining infrastructure inspection processes through advanced technologies. With a strong focus on innovation, operational excellence, and industry partnerships, Planys Technologies is well-positioned to lead the charge in transforming how infrastructure inspections are conducted. As the startup continues to push the boundaries of what is possible in the deep-tech space, the future looks promising for the evolution of infrastructure inspection technology.
Links to additional Resources: 1. https://www.planys.com/ 2. https://www.ashishkacholia.com/ 3. https://www.equityinvestment.com/