Planys Technologies raises Rs 7 crore Series A funding round led by Kris Gopalakrishnan

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....

Planys Technologies, a Chennai-based submersible robotic inspection startup has announced that it has raised Rs. 6.78 crore in its Series A funding round. However, the company has not yet closed the round as it aims to raise about Rs. 14 crore in this round.

This investment was led by Kris Gopalakrishnan, along with the participation of Pratithi Investment Trust, MEMG Family Office and some HNIs including S Gopal, former director of Chemplast Sanmar.

The company was started in the year 2015 by Tanuj Jhunjhunwala, Vineet Upadhyay, and Rakesh Sirikonda. Incubated at IIT Madras, the startup provides submersible robotic inspection and survey solutions using Remotely Operated Vehicles (ROVs).

It integrates advanced marine robotics with the next-generation inspection techniques (NDT) to provide a reliable and safe inspection solution. The company’s technology spans the domains of marine robotics, advanced Non-Destructive Evaluation (NDE) and post-inspection analysis.

When started, the company used to provide robotic solutions for the safe inspection of ports and ships. However, later on, the company also jumped into solving various pain points of oil and gas industry linked to underwater pipeline inspection purposes.

The company currently provides robotic inspection services at offshore locations (ports, offshore platform, civil structures etc) and is looking at providing services for onshore (storage tanks, pipelines) sites and ship hulls. The startup counts Chennai Port Trust, Visakhapatnam Port Trust and L&T Kattupalli International Container Terminal among its customers.

According to a recent MarketsandMarkets report, the global smart robotics market is valued at $4.94 billion in 2018 and is expected to reach $14.29 billion by 2023, at a CAGR of 23.7 percent between 2018 and 2023.

- Advertisement -

Latest News

Mirwaiz Farooq signed bond to secure his release

Srinagar, Sep 20 (IANS) Senior separatist leader and Hurriyat Conference Chairman Mirwaiz Umar Farooq is among the detained leaders...

ALERT: Bajrang Punia wins bronze in World Wrestling Championships

--Indo-Asian News Servicerkm/arm Disclaimer This article is published directly through a syndicated feed and not edited by The Indian Wire staff.

Tech companies hail corporate tax cut

New Delhi, Sep 20 (IANS) Tech firms, including handset makers and IT companies, on Friday hailed the government's announcement to slash corporate tax for...

‘Prassthanam’: Maximum chaos, mediocre impact (IANS review; Rating: * * and 1/2)

"Prassthanam"; Cast: Sanjay Dutt, Jackie Shroff, Manisha Koirala, Ali Fazal; Direction: Deva Katta; Rating: * * and 1/2 (two and half stars)By Vinayak ChakravortySomething...

Corporate tax reliefs to spur growth, create jobs: India Inc

Bengaluru, Sep 20 (IANS) The series of tax reliefs Union Finance Minister Nirmala Sitharaman announced in New Delhi on Friday would revive the economy,...
- Advertisement -

More Articles Like This