Brihaspathi Technologies, a Hyderabad-based AI surveillance and security solutions provider, has raised $10 million in funding from foreign institutional investors (FIIs) and others.
The funds raised will be used for expansion, including the establishment of a new 72,000 sq. ft. CCTV manufacturing facility in Hyderabad, expected to be operational by the end of the current financial year. As part of its growth strategy, the company plans to hire over 400 additional employees.
Brihaspathi Technologies is also gearing up for an Initial Public Offering (IPO) in the next financial year (FY 2026–27). Proceeds from the IPO will be utilized to strengthen its research and development (R&D) capabilities, expand manufacturing capacity, and advance AI-driven solutions.
In another significant development, Brihaspathi Technologies has been awarded a major surveillance project by the Maharashtra State Road Transport Corporation (MSRTC). The project involves implementing a comprehensive AI-enabled CCTV monitoring system across the MSRTC network, reinforcing the company’s strong credentials in the public sector and its ongoing collaborations with government and institutional clients.
To date, the company has deployed over 1.2 million CCTV cameras across India. Its portfolio includes high-profile installations such as surveillance systems for the Border Security Force (BSF) along international borders, election monitoring for the Election Commission of India, AI-based classroom monitoring systems, wildlife and national park surveillance, and exam control room solutions across various states. In the past, Brihaspathi Technologies has achieved a historic milestone by deploying 64,000 CCTV cameras across 19 states in a single day for the NEET examination.
Buoyed by a strong order book, Brihaspathi Technologies anticipates a 30% growth in revenue during the current financial year. This growth is attributed to the rising demand for integrated security solutions across sectors such as education, transportation, and public safety in both urban and rural areas. Brihaspathi Technologies is the first Indian company in the Security Surveillance Industry sector to attract Foreign Institutional Investors (FIIs) for strategic funding. This pioneering move positions the company to scale its innovations and further penetrate global markets.
Rajasekhar Papolu, Managing Director, Brihaspathi Technologies, said, “This is a transformative phase for Brihaspathi Technologies. The USD 10 million funding will accelerate our expansion plans, particularly the commissioning of our new manufacturing unit in Hyderabad, which will significantly scale up our production capabilities. Additionally, winning a major contract from the MSRTC is a testament to our ability to deliver impactful surveillance solutions on a large scale. As we prepare for our IPO in the next financial year, we remain committed to developing world-class, AI-powered, Made-in-India technologies that will redefine the security landscape across the nation.”
He added, “India’s CCTV and surveillance sector is witnessing rapid growth, driven by heightened government focus on internal security, smart city initiatives, and increased demand for institutional monitoring. With the integration of AI and rising public awareness, the industry is expected to grow at a double-digit CAGR over the next five years, offering substantial opportunities for domestic manufacturers and solution providers. With a robust team of over 300 professionals at an average age of just 35 years, and a pan-India presence through GST-registered offices in 19 states, Brihaspathi Technologies has established itself as a trusted name in smart surveillance, IoT, and digital transformation.”
