Spector.ai raises Rs 58 Cr led by IvyCap Ventures

Spector.ai, an industrial AI startup has raised Rs. 58 crore (US$6.7 million) in a fresh funding round led by IvyCap Ventures, with participation from US-based strategic investors.

The new funding will be used to improve Spector.ai’s AI-based industrial platform and expand its deployment across major heavy industries worldwide.

Read also- Nitro Commerce raises $5M in Series A round led by Cornerstone Ventures

Spector.ai was founded to solve ongoing problems in industrial reliability and equipment breakdowns. It works at the intersection of Industry 4.0, AI-based predictive analytics, and smart manufacturing. Its technology helps companies move from fixing problems after they occur to using AI-driven, preventive operations that improve safety and efficiency.

The company builds AI tools for monitoring industrial equipment, analyzing data, and improving operational reliability. These tools help businesses reduce downtime, avoid failures and get better performance from their assets.

Spector.ai’s platform is designed for large and complex operations in industries such as oil and gas, chemicals, manufacturing, utilities and automotive. By continuously analyzing machine data, it enables predictive maintenance, early problem detection and data-driven decision-making.

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