AI-driven industrial robotics startup Haber secured $44 million in its Series C funding round led by , , and . The round comprised $38 million in equity and $6 million in debt.
The Pune startup, which caters to over 100+ clients in India, the Middle East, and Africa, plans to deploy fresh capital to scale its operations internationally, particularly in the US, to serve the demand for AI-led industrial automation solutions.
In 2021, Haber had raised $20 million in a Series B funding round led by .
“Most customers are based in India, the Middle East, and Africa. Last year, we began exploring the North American market and secured our first customer there… We’ve added a few more in the region. Even in the Western markets, there’s a big scarcity of experienced talent and human capital needed to operate and run manufacturing plants. Hence, we are seeing a big uptick for increased adoption of automation and software solutions,” Vipin Raghavan, CEO of Haber, told YourStory.
Founded by Raghavan, Arjunan PN, and Priya Venkat in 2017, Haber offers AI-driven industrial robots to automate labour-intensive tasks of sample collection, measurement, analysis, and intervention in factories.
Hero Choudhary, Managing Partner at BEENEXT, said, “The company’s ability to prioritise 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 are a testament to their customer focus.”
The company’s proprietary technologies assist manufacturers in making accurate and data-driven decisions, removing the need for complex data analysis. It automates tasks, including sample testing, data analysis, and corrective action, allowing them to focus on strategic initiatives.
“Haber has set new benchmarks for efficiency and sustainability in manufacturing. 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,” said Priya Venkat, Co-founder and COO of Haber.
Haber’s proprietary technology has enabled industries to improve production efficiency while reducing water and energy consumption—claiming to have helped customers save over 50 billion litres of water and eliminate half a million tonnes of carbon emissions.
“Additionally, we’re exploring opportunities in two more industry verticals: metals and metal processing, as well as food and beverage processing. The main focus is to go deeper and capture wallet share and market share in bulk packaging globally,” Raghavan said.
In a statement, the company said it nearly doubled its revenue from key customers over the past year while maintaining a zero-churn rate.
Raghavan added Haber counts ITC, Aditya Birla, and Tata Steel among its clientele. Some of its portfolio includes automation services for chemical dosing across different applications, including sugar mills, distilleries, paper mills, breweries, independent institutions, and mining operations.
“Over the past few years, we have grown from a few hundred thousand dollars in ARR to over triple that amount, but there’s still more headroom for growth. We will continue to focus on our existing customer base, as we currently cover only 50% of their product lines.. presenting an opportunity to double our presence with some of our larger customers and maximise our wallet share with them,” Raghavan said.
