San Francisco, Mumbai, and Bengaluru-based cloud-based enterprise startup SenseHawk, leveraging AI to provide data analytics solutions, has raised around ₹14.5 crores ($2 million) in series A round from SAIF Partners. Other angel investors also participated in the round.
The funds raised will be used for scaling business and engineering. The startup is looking to expand its footprint to other geographies and plans to hire talent, to support growth.
SenseHawk was founded by Rahul Sankhe and Swarup Mavanoor in 2016. It provides an intelligent cloud-based platform for maximizing energy and infrastructure asset performance with an initial focus on utility-scale solar.
Its solutions combine different kinds of unmanned aerial vehicles (UAVs), sensors, data processing, and planning chains to create decision-making tools that drive productivity for different enterprises.
Talking about the investment, Mayank Khanduja, Principal, SAIF Partners said, “We are thrilled to partner with Sensehawk in their quest to build a unique data solutions platform that leverages computer vision and artificial intelligence. We are impressed at the upside that Sensehawk solution brings to the multi-billion dollar Solar industry today and will soon do the same for other industries,”
He further added, “As the solar industry attracts more investment, we believe that Swarup, Rahul and their team will be at the forefront of building an intelligent analytics platform that allows asset owners to maximize asset performance, and we feel excited to work with them on this next phase of growth.”
SenseHawk is currently operational across India, US, and Australia with a 20 member team, catering to more than 20 corporate clients. It further plans to expand to other geographies, as it looks forward to the next phase of its growth.
In March 2016, SenseHawk last raised $100,000 in seed funding.
According to Gartner, India’s analytics and business intelligence software market is alone expected to touch $304 million in 2018.