Pune: Industrial AI startup Haber has raised $44 million in Series C funding, comprising $38 million in equity and $6 million in debt.
The funding round, led by Creaegis, BEENEXT, and Accel, underscores strong investor confidence in Haber’s transformative AI-powered solutions and ambitious plans for global expansion.
Initially established in India, Haber now serves over 100 clients across India, the Middle East, and Africa. With its AI solutions widely adopted in pulp, paper, and packaging industries, the company plans to expand into other process manufacturing verticals.
A significant portion of the capital will be allocated to scaling operations in the Americas, a market witnessing rising demand for industrial AI automation.
“Haber has set new benchmarks in manufacturing efficiency and sustainability,” said Co-Founder and COO Priya Venkat. “This funding empowers us to enter the Americas and diversify into additional process manufacturing industries, leveraging our proven AI solutions.”
Haber’s proprietary technology streamlines manufacturing by enabling data-driven decision-making and eliminating conventional practices like manual testing and analysis. This ensures manufacturers can focus on improving efficiency and sustainability without the burden of complex data interpretation.
Creaegis Managing Partner & CIO Prakash Parthasarathy said, "The industry’s shift towards intelligent process automation highlights Haber’s potential. Their AI/ML-driven systems improve quality, optimize resource utilization, and reduce waste, making them leaders in their field. We are excited to partner with them as they expand into new territories.”
Hero Choudhary, Managing Partner at BEENEXT, said, "Haber’s ability to consistently deliver profitability and tangible results has solidified its position as a trusted partner for industries worldwide. Their zero-churn rate and growing deployments reflect their dedication to excellence.”
Founded in 2017 by Vipin Raghavan (CEO), Priya Venkat (COO), and Arjunan PN (VP, Technical), Haber has achieved remarkable growth. In the past year, the company has doubled its revenue from key clients while significantly reducing water and energy consumption across industries.