Haber, an industrial AI startup, has raised $44 million in its Series C funding round, which included $38 million in equity and $6 million in debt. The funding round was co-led by Creaegis, BEENEXT, and Accel.
The funds raised will be used to scale its operations internationally, with a key focus on the Americas.
“Haber has set new benchmarks for efficiency and sustainability in manufacturing. This success lays the foundation for our next big step—expanding into the Americas, where the demand for industrial AI solutions is immense. We also plan to extend our solution to other process manufacturing industries,” said Priya Venkat, Co-Founder and COO of Haber.
Prakash Parthasarathy, Managing Partner & CIO, Creaegis, emphasized Haber’s unique value proposition, said, “The global manufacturing sector is undergoing a data revolution with a need for intelligent automation solutions for process control. Haber, with their proprietary AI/ML algorithms and deep process expertise, is leading this disruption by providing end-to-end, AI-led industrial automation solutions in large and small-scale manufacturing setups. The company enables customers to improve processes quality parameters, utilization, and reduce wastages. We are excited to partner with them in their next phase of growth as they further solidify their leadership in the India / MENA markets and expand their presence across new geographies.”
Adding to this, Hero Choudhary, Managing Partner at BEENEXT, said, “The company’s ability to prioritize and deliver on both profitability and margin growth is truly impressive. They have built immense trust with their customers, consistently delivering measurable results. This is why we’ve chosen to double down on our investment. Their ever-growing deployments is a testament to their customer focus.”
Founded in 2017 by Vipin Raghavan (CEO), Priya Venkat (COO), and Arjunan PN (VP, Technical), Haber leverages AI-driven automated solutions to optimize manufacturing processes, enhance efficiency, and drive sustainability.
Its solutions are designed to balance profitability with environmental responsibility, delivering measurable results across industries. With a growing global footprint, Haber is setting new standards in manufacturing excellence.
Through its proprietary technologies, Haber ensures that manufacturers can make accurate data-driven decisions without delving into complex data analysis, freeing up time and resources for strategic initiatives.
Their solutions are implemented across pulp, paper, & packaging industries and are now poised to extend their impact to other process manufacturing verticals worldwide.
The company began its operations in India and now has over 100+ clients in India, the Middle East, and Africa. Haber has nearly doubled its revenue from key customers in the past year, all while maintaining a zero-churn rate.
