Private Equity PE-VC Fund Investments
Industrial AI startup Spector.ai raises $6.7 M from IvyCap Ventures
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Bengaluru-and San Jose, California (USA)-based industrial AI company Spector.ai has raised INR 58 crore (USD 6.7 million) in a funding round led by IvyCap Ventures. The round also saw participation from strategic investors based in the US.Founded in 2023 by Prashant Nedungadi and Sukrit Goel, the startup develops AI tools for industries including oil and gas, chemicals, manufacturing, utilities, and automotive to help monitor equipment, analyze data, and improve operational reliability.The new funds will be used to enhance its AI technology and expand global deployments.