PE Fund Investments
Security solutions provider Vehant Technologies raises $9-M from True North
Noida-based security and surveillance solutions provider Vehant Technologies has raised USD 9 million (about INR 77 crore) in a funding round through non-convertible debentures (NCDs) from True North's Private Credit fund.Vehant would use 75% of the funds to increase its research and development (R&D) activities to enhance its current offerings and develop solutions for aviation security, smart cities, and enterprise analytics. The remaining 25% of the funds would be used to promote exports to the Middle East and Europe.Vehant offers artificial intelligence (AI) and machine learning (ML) based physical security, surveillance, traffic monitoring, and junction enforcement solutions.
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