Haber Raises USD 44 Million In Equity-Debt Funding Round <meta name="twitter:card" content="summary_large_image"> <meta name="twitter:site" content="@ManashjyotiS"> <meta name="twitter:title" content="Haber Raises USD 44 Million In Equity-Debt Funding Round"> <meta name="twitter:description" content="<p style="text-align: justify;">New Delhi: Industrial AI startup Haber has raised USD 44 million (about Rs 370 crore) in a new funding round led by Creaegis, BEENEXT, and Accel, the company said on Wednesday. The total funds raised comprised USD 38 million (nearly Rs 322 crore) in equity and USD 6 million (about 51 crore) in debt. The company plans to use these funds for business expansion in America and diversify its portfolio.</p> <p style="text-align: justify;"><strong>ALSO READ: <a class="fw-bold" href="../adani-group-stocks-decline-adani-green-energy-falls-over-2-per-cent" target="_blank" rel="noopener">Adani Group Stocks Decline, Adani Green Energy Falls Over 2 Per Cent</a></strong></p> <p><strong><img class="img-responsive" style="display: block; margin-left: auto; margin-right: auto;" title="haber.jpeg" src="../storage/app/public/post/inner-photo/blobid1733910400974.jpg" alt="" width="490" height="275"></strong></p> <div class="flex max-w-full flex-col flex-grow"> <div class="min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words text-start [.text-message+&]:mt-5" dir="auto" data-message-author-role="assistant" data-message-id="2a440cea-7948-4287-a0ea-6f060238aa86" data-message-model-slug="gpt-4o-mini"> <div class="flex w-full flex-col gap-1 empty:hidden first:pt-[3px]"> <div class="markdown prose w-full break-words dark:prose-invert light"> <p style="text-align: center;"><em><span style="font-size: 8pt;">Industrial AI startup Haber raised USD 44 million in Series C funding to expand its operations in the Americas and diversify its portfolio, with a focus on process manufacturing industries.</span></em></p> </div> </div> </div> </div> <p style="text-align: justify;">"Haber, a leading industrial AI startup, has successfully raised USD 44 million in its Series C funding round, which included USD 38 million in equity and USD 6 million in debt. The funding round was led by Creaegis, BEENEXT, and Accel," the company said in a statement. Haber claims to have over 100 clients spread across India, Middle East, and Africa.</p> <p style="text-align: justify;"><strong><a href="https://cfo.economictimes.indiatimes.com/news/strategy-operations/haber-raises-usd-44-mn-in-equity-debt-funding-round/116206106#:~:text=New%20Delhi%2C%20Industrial%20AI%20startup,about%2051%20crore)%20in%20debt." target="_blank" rel="noopener">Haber Eyes Global Expansion</a> with Focus on Americas and Process Manufacturing Industries</strong></p> <p style="text-align: justify;">Haber plans to deploy the capital primarily to expand its operations internationally, mainly focusing on the Americas, where the demand for AI-led industrial automation solutions is rapidly growing. "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.</p> <p style="text-align: justify;"><strong>ALSO READ: <a class="fw-bold" href="../microsoft-india-profit-rises-38-percent-fy24" target="_blank" rel="noopener">মাইক্ৰ’ছফ্ট কৰ্পৰেট ইণ্ডিয়াৰ লাভ ২৪ বিত্তীয় বৰ্ষত ৩৮ শতাংশ বৃদ্ধি পাই ৮৯৮ কোটি টকা হৈছে</a></strong></p> <p style="text-align: justify;">Haber solutions are implemented across pulp, paper and packaging industries, and the company plans to extend its offering to other process manufacturing verticals worldwide. "We are excited to partner with them in their next phase of growth as they further solidify their leadership in the India/MENA (Middle East and North Africa) markets and expand their presence across new geographies," Prakash Parthasarathy, Managing Partner & CIO, Creaegis said. BEENEXT Managing Partner Hero Choudhary said his firm has strengthened its investment in Haber because of the trust it has built with the customers by consistently delivering measurable results. </p>"> <meta name="twitter:image" content="https://business-northeast.com/image-compress.php?imgpath=https://www.business-northeast.com/storage/app/public/post/feature-img/751191733910688.jpg"> <meta property="og:image" content="https://business-northeast.com/image-compress.php?imgpath=https://www.business-northeast.com/storage/app/public/post/feature-img/751191733910688.jpg">

Haber Raises USD 44 Million In Equity-Debt Funding Round

BNE News Desk ,

December 11, 2024

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New Delhi: Industrial AI startup Haber has raised USD 44 million (about Rs 370 crore) in a new funding round led by Creaegis, BEENEXT, and Accel, the company said on Wednesday. The total funds raised comprised USD 38 million (nearly Rs 322 crore) in equity and USD 6 million (about 51 crore) in debt. The company plans to use these funds for business expansion in America and diversify its portfolio.

ALSO READ: Adani Group Stocks Decline, Adani Green Energy Falls Over 2 Per Cent

Industrial AI startup Haber raised USD 44 million in Series C funding to expand its operations in the Americas and diversify its portfolio, with a focus on process manufacturing industries.

"Haber, a leading industrial AI startup, has successfully raised USD 44 million in its Series C funding round, which included USD 38 million in equity and USD 6 million in debt. The funding round was led by Creaegis, BEENEXT, and Accel," the company said in a statement. Haber claims to have over 100 clients spread across India, Middle East, and Africa.

Haber Eyes Global Expansion with Focus on Americas and Process Manufacturing Industries

Haber plans to deploy the capital primarily to expand its operations internationally, mainly focusing on the Americas, where the demand for AI-led industrial automation solutions is rapidly growing. "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.

ALSO READ: মাইক্ৰ’ছফ্ট কৰ্পৰেট ইণ্ডিয়াৰ লাভ ২৪ বিত্তীয় বৰ্ষত ৩৮ শতাংশ বৃদ্ধি পাই ৮৯৮ কোটি টকা হৈছে

Haber solutions are implemented across pulp, paper and packaging industries, and the company plans to extend its offering to other process manufacturing verticals worldwide. "We are excited to partner with them in their next phase of growth as they further solidify their leadership in the India/MENA (Middle East and North Africa) markets and expand their presence across new geographies," Prakash Parthasarathy, Managing Partner & CIO, Creaegis said. BEENEXT Managing Partner Hero Choudhary said his firm has strengthened its investment in Haber because of the trust it has built with the customers by consistently delivering measurable results.