Hyderabad-based Brihaspathi Technologies raises $10 million in funding from FIIs

| Posted on |

Here’s a structured list based on the information provided:

Startup Information

  • Startup Name: Brihaspathi Technologies Limited
  • Location: Hyderabad, India

Funding Information

  • Amount Raised: $10 million
  • Funding Sources: Foreign Institutional Investors (FIIs) and others
  • Funding Series: Not specified (likely a Series A or equivalent, but not explicitly stated)
  • Date of Funding: Not specified

Founders

  • Founder: Rajasekhar Papolu (Managing Director)

Expansion Plans

  • New Facility: 72,000 sq. ft. CCTV manufacturing facility in Hyderabad
  • Expected Operation Date: By the end of the current financial year
  • Hiring Plans: Over 400 additional employees

Future Plans

  • Initial Public Offering (IPO): Expected in FY 2026–27
  • Use of IPO Proceeds: Strengthening R&D capabilities, expanding manufacturing, and advancing AI-driven solutions

Major Projects

  • Contract: Major surveillance project for Maharashtra State Road Transport Corporation (MSRTC)
  • Project Scope: AI-enabled CCTV monitoring system across the MSRTC network

Key Achievements

  • CCTV Camera Deployments: Over 1.2 million CCTV cameras across India
  • High-profile Installations:
    • Border Security Force (BSF) surveillance
    • Election monitoring for the Election Commission of India
    • AI-based classroom monitoring systems
    • Wildlife and national park surveillance
    • Exam control room solutions (e.g., 64,000 cameras for the NEET examination)

Projected Growth

  • Anticipated Revenue Growth: 30% during the current financial year due to demand for integrated security solutions across various sectors.

This list captures the key elements regarding Brihaspathi Technologies Limited as detailed in the initial text.

Source link

2025-06-26 11:07:44