Planys Technologies Secures INR 43 Crore Funding for Underwater Infrastructure Inspection
April 8, 2024, 9:32 pm
Location: India, Maharashtra, Navi Mumbai
Employees: 10001+
Founded date: 1966
Total raised: $22.14M
Location: India, Tamil Nadu, Chennai
Employees: 51-200
Founded date: 2015
Total raised: $7.32M
Planys Technologies, a deep-tech startup, has made waves in the industry by securing a substantial INR 43 Crore funding round led by Ashish Kacholia, co-founder of Hungama Digital Media Entertainment Pvt Ltd. Other investors include Krishna Defence, Golden Birch Investments, Samarthya Advisors, and Cogniphy Angel Fund.
The startup, founded by Vineet Upadhyay, Tanuj Jhunjhunwala, and IIT Madras faculty members Prabhu Rajagopal and Krishnan Balasubramanian, specializes in cutting-edge technologies such as marine robotics, non-destructive testing, and intelligent data analytics for infrastructure inspection.
Utilizing underwater drone technologies, Planys Technologies conducts inspections on various structures like dams, bridges, and refineries, providing visual and sensor-based testing data. With this funding, the startup aims to enhance its operational capacity and expand its inventory of underwater inspection solutions.
Having completed over 400 asset inspections globally for clients like Indian Railways, Reliance Industries, IOCL, and BPCL, Planys Technologies is at the forefront of revolutionizing the underwater inspection industry.
The Indian government's increased focus on the deep-tech sector, as highlighted by Finance Minister Nirmala Sitharaman's announcement of a new scheme supporting research and innovation for deep-tech startups, further solidifies the importance of companies like Planys Technologies in driving technological advancements.
With a mission to improve infrastructure inspection processes through advancements in marine robotics, underwater testing, and digital analytics, Planys Technologies is set to continue making significant strides in the industry.
The startup, founded by Vineet Upadhyay, Tanuj Jhunjhunwala, and IIT Madras faculty members Prabhu Rajagopal and Krishnan Balasubramanian, specializes in cutting-edge technologies such as marine robotics, non-destructive testing, and intelligent data analytics for infrastructure inspection.
Utilizing underwater drone technologies, Planys Technologies conducts inspections on various structures like dams, bridges, and refineries, providing visual and sensor-based testing data. With this funding, the startup aims to enhance its operational capacity and expand its inventory of underwater inspection solutions.
Having completed over 400 asset inspections globally for clients like Indian Railways, Reliance Industries, IOCL, and BPCL, Planys Technologies is at the forefront of revolutionizing the underwater inspection industry.
The Indian government's increased focus on the deep-tech sector, as highlighted by Finance Minister Nirmala Sitharaman's announcement of a new scheme supporting research and innovation for deep-tech startups, further solidifies the importance of companies like Planys Technologies in driving technological advancements.
With a mission to improve infrastructure inspection processes through advancements in marine robotics, underwater testing, and digital analytics, Planys Technologies is set to continue making significant strides in the industry.