Brihaspathi Bags $10 Million from Foreign Institutional Investors
In a significant development in the Indian startup ecosystem, Hyderabad-based Brihaspathi Technologies Limited has raised $10 million from foreign institutional investors to expand its AI-powered CCTV solutions and build a new manufacturing facility. This major funding round is expected to propel the company’s growth trajectory and cement its position as a leader in India’s security tech sector.
Brihaspathi Technologies, a pioneer in AI-powered surveillance solutions, has been making waves in the industry with its large-scale deployments, including the surveillance of the National Eligibility cum Entrance Test (NEET) exams. The company’s advanced CCTV solutions have been widely adopted by government agencies, educational institutions, and large-scale event organizers, making it a go-to choice for secure surveillance.
The recent funding round, which saw participation from foreign institutional investors, will be used to expand the company’s product portfolio, enhance its research and development capabilities, and build a new manufacturing facility. This strategic move will enable Brihaspathi Technologies to increase its production capacity, reduce costs, and improve the quality of its products.
The funding will also be used to support the company’s plans to expand its presence in the domestic market, particularly in the transportation sector. Brihaspathi Technologies has already secured a major project with the Maharashtra State Road Transport Corporation (MSRTC), which will see the company providing AI-powered surveillance solutions to the largest state-owned bus transport operator in India. This project is expected to be a significant revenue generator for the company and will further establish its credentials as a leading player in the security tech sector.
The MSRTC project is a testament to Brihaspathi Technologies’ ability to deliver large-scale surveillance solutions, and the company is confident that it will be able to replicate this success in other sectors. With its AI-powered CCTV solutions, Brihaspathi Technologies is well-positioned to capitalize on the growing demand for advanced surveillance technology in India.
In addition to its expansion plans, Brihaspathi Technologies has also announced its plans to go public in FY 2026-27. This move will provide the company with access to additional funding, enhance its visibility, and offer investors an opportunity to participate in its growth story. The company’s IPO plans are expected to be a significant milestone in its journey, and it is likely to be one of the most anticipated public offerings in the Indian startup ecosystem.
Commenting on the funding round and the company’s plans, a spokesperson from Brihaspathi Technologies said, “We are thrilled to have secured $10 million from foreign institutional investors, which will enable us to take our AI-powered CCTV solutions to the next level. Our focus will be on expanding our product portfolio, enhancing our research and development capabilities, and building a new manufacturing facility. We are also excited about the MSRTC project, which is a significant milestone in our journey.”
The company’s ambitious plans are expected to propel its growth trajectory, with the company aiming to achieve 30% revenue growth in the coming years. With its AI-powered CCTV solutions and plans to expand its presence in the transportation sector, Brihaspathi Technologies is well-positioned to lead India’s security tech sector.
In conclusion, Brihaspathi Technologies’ $10 million funding round is a significant development in the Indian startup ecosystem, and the company’s plans to expand its product portfolio, enhance its research and development capabilities, and build a new manufacturing facility are expected to propel its growth trajectory. With its AI-powered CCTV solutions and plans to go public, Brihaspathi Technologies is well-positioned to lead India’s security tech sector and become a major player in the global surveillance technology market.
