Active Hackathon

Chennai- based AI startup Detect Technologies raises USD 28 Mn 

The company has also allocated funds for enriching its product suite.
Listen to this story

AI-based SaaS enterprise Detect Technologies raised USD 28 Mn in its latest funding round led by Prosus Ventures. Existing investors like Accel and Elevation Capital, Shell Ventures, Bharat Innovation Fund and Bluehill Capital also participated in the latest funding round.

The Chennai- based startup will utilise the fresh capital to further expand and strengthen its sales and operations across international markets in North America and Europe. Operating in the fast-evolving space of AI, the company has also allocated funds for enriching its product suite. 


Sign up for your weekly dose of what's up in emerging technology.

“We are grateful for the confidence bestowed upon us by our investors and look forward to accelerating our market expansion,” said Daniel Raj David, CEO and co-founder of Detect Technologies.

Detect has created a vast library of AI applications that mine out actionable insights from structured and unstructured data. These insights have helped industries improve workplace safety, monitor work processes effectively, increase the visibility of external risks on their infrastructure, and improve productivity.  

“At Prosus Ventures, we are committed to back SaaS companies building truly unique solutions to solve real-world problems at scale. We are excited to participate in Detect’s next phase of growth and work closely with the founders to support their ambition to become global leaders in industrial automation solutions,” said Ashutosh Sharma, Head of Investments, India, at Prosus Ventures.

More Great AIM Stories

Zinnia Banerjee
Zinnia loves writing and it is this love that has brought her to the field of tech journalism.

Our Upcoming Events

Conference, in-person (Bangalore)
Machine Learning Developers Summit (MLDS) 2023
19-20th Jan, 2023

Conference, in-person (Bangalore)
Rising 2023 | Women in Tech Conference
16-17th Mar, 2023

Conference, in-person (Bangalore)
Data Engineering Summit (DES) 2023
27-28th Apr, 2023

Conference, in-person (Bangalore)
MachineCon 2023
23rd Jun, 2023

3 Ways to Join our Community

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Telegram Channel

Discover special offers, top stories, upcoming events, and more.

Subscribe to our newsletter

Get the latest updates from AIM