Angel Investments
Robot maker Planys raises $1.6 M from Keiretsu Forum, others
Chennai-based, IIT-Madras incubated deep-tech startup Planys Technologies has raised USD 1.6 million as part of its ongoing pre-series A round, which saw participation from global investor network Keiretsu Forum, LetsVenture, Shell, existing investors ONGC Startup Fund, Ranjan Pai's MEMG Family Office, Kris Gopalakrishnan and other seed investors from Keiretsu Forum. Planys, which makes robots for monitoring the integrity and working of remote infrastructure assets, earlier raised its pre-Series A round of USD 2 million in 2018. It will use the new funds to scale its operations internationally and to boost R&D and product development in software-assisted underwater asset management.
From the Venture Intelligence PE-VC Deal Database: In Jan-18, Planys raised over $2-M from Kris Gopalakrishnan and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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