Industrial AI startup Intellithink has raised INR 17 crore (US$1.82 million) in a new funding round led by Pentathlon Ventures.
Pentathlon Ventures invested INR 6.5 crore (US$696K) from its India Fund II. Other investors, including Anicut Capital and Veltis Capital, also participated in the round.
“The funding will primarily go towards expanding our footprint across India and the GCC, while also helping us build and launch our next-generation solution,” said Sridhar Venugopal, founder and CEO.
“We’re a full-stack company in the machine health space of rotating equipment, where our solution monitors machines 24×7 and detects anomalies, identifying not just the issue, but also its nature and the steps needed to fix it,” said Sridhar.
Founded in 2018 by Sridhar Venugopal and Aswin Venu, Intellithink, a Bengaluru-based industrial AI startup, helps big companies monitor and understand the condition of machines used in their factories.
The company works with more than 50 businesses. Some of its major clients include Jindal Steel, Jindal Stainless, JSW Steel, ArcelorMittal Nippon Steel, Adani, Ultratech, Dalmia, Ducab, and L&T.
It is also expanding in international markets, with a strong focus on the Middle East.
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