Planys Technologies closes their Series A round of funding with a whopping Rs. 14 crore

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Planys Technologies is a startup working with underwater robots to carry out underwater inspections in areas they would not be able to easily handle. The startup is incubated from the IIT Madras incubation cell and works with an original equipment manufacturer that deals with robotics and parts.

Their Series A round of funding was led by a bunch of companies, including, the Oil and Natural Gas Corporation Limited (ONGC) Start-up Fund and Ranjan Pai’s MEMG Family Office. Kris Gopalakrishnan’s (Co-Founder, Infosys; Chairman, Axilor Ventures) Pratithi Trust, Keiretsu Forum (Chennai and Singapore). The Series A round closed at Rs. 14 crores which will help Planys handle product development and to upscale their operations.

Working with the ‘Make in India’ initiative, the startup works on developing remotely operated vehicles (ROV). These can then be used for surveys or to study different locations in different situations. Their underwater drones can be used for robotic inspection purposes. Their products work with different sectors of the economy and they are currently working with Maritime (Ports, Terminals, Shipping), Infrastructures (Dams & Bridges) & Energy (Oil & Gas, Power, Hydroelectric) sectors.

Currently, their drones have the ability to go as deep as 200 meters underwater. Furthermore, depending on their client’s requirements, they can equip them with multiple payloads. The drone also helps the engineer on the site view live data. This then allows them to make decisions a lot faster than they normally would.

“Planys has a young team with the mature understanding of sectors and issues faced due to ageing infrastructure. It has developed cutting-edge technology to help overcome these challenges,” said Kris Gopalakrishnan, Cofounder of Infosys.

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