Other Private Equity/Strategic Investments
Carbon footprint reduction enabler ExactSpace raises $1.4 M from Thermax
Bengaluru-based industrial AI startup ExactSpace Technologies has raised USD 1.4 million in a seed round led by Thermax Ltd. The funds will be used by ExactSpace to strengthen its suite of industrial solutions and expand its operations to North America. Founded in 2018 by Rahul Raghunathan and Arun Jose, ExactSpace enables decarbonization and asset uptime outcomes for the energy, cement and steel industries. Its AI platform Pulse assists plant teams in decision making by providing early/predictive warnings, expert diagnostics and prognostics for minimising carbon footprint and maximising asset uptime.
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