Techiexpert.com
No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
No Result
View All Result
Techiexpert.com
No Result
View All Result

IoT Communications & Data Analytics Startup Probus raises $5,00,000

Srikanth by Srikanth
August 18, 2021
in Startup news
0
IoT Communications & Data Analytics Startup Probus raises $5,00,000 1
10
SHARES
133
VIEWS
Share on FacebookShare on Twitter

Delhi based IoT Communications & Data Analytics Startup Probus Smart Things, focused on Smart grid applications has raised $500,000 in a bridge round led by Unicorn India Ventures. The round also saw participation from prominent angels like Anuj Khanna of Trimaster, Kiran Alla, Theia Ventures, Devdutt Shah, Kuntesh Chandaria, Urmin Group and Anmol Rastogi. The company plans to use the funds to scale up their team and operations within India and abroad.

Probus develops integrated hardware and software solutions for utility providers and helps digitize their distribution grid and have a clear visibility of their network through Probus integrated end to end IoT platform. A powerful IOT solution for electricity distribution utilities that helps them achieve distribution grid analytics and automation which subsequently enables a much more efficient distribution of electricity along with quicker restoration of electricity after power disturbances. Probus further enables reduced operations and management costs for utilities, and ultimately lower power costs for consumers. Probus has won Seedstars World’s India edition in 2019 & Awards from Indian Smart Grid Forum twice.

Anand Singh, Co-founder CEO, Probus Smart Things, says, “This past year, we have been working closely and continuously with our partner utilities to help save them money in distribution networks by leveraging our communications and analytics solutions. Even during the challenging times of the second COVID wave during peak summers, our field teams had worked as essential services to keep the network up and running.

In early 2021, we introduced India’s first DLMS compliant RF product offering for smart meter integrations. We are strongly positioned to meet the upcoming requirement of smart metering in both India and abroad by providing our RF mesh products.

In addition to the trust of Unicorn India Ventures, this bridge round also sees participation from some well-known industry experts, who have been mentoring us for quite some time. With the current funding round, we will be expanding our team and product offerings while looking to fulfill our order pipeline.”

Anil Joshi, Managing Partner, Unicorn India Ventures, says, – “We invested in Probus last year and have seen first-hand the impact it is making on the ground. Leveraging IoT to improve electricity distribution and bringing down grid failure rate by giving discoms insights right at the distribution level is cutting edge work. The bridge round being led by Unicorn India is a testimony to our belief in Probus and the change it is pioneering in the utility segment.”

For the next 12 months, Probus plans to build strong partnerships with various utilities, System Integrators and meter manufacturers for catering to various AMI (Automatic Metering Infrastructure) and loss reduction opportunities.

The Indian distribution sector is plagued with minimal real-time information of distribution asset performance, outage information and man-power utilization are still not implemented. Digitization of the distribution grid through IoT enabled technology is the only way forward to drive change. Post COVID, the need for a digital grid has been re-enforced. Various interventions have been planned, both at state and national level to overcome these challenges. Probus, with its agnostic Communications and Data analytics offerings, is helping utilities companies save money in the last mile power distribution.

Tags: Delhi startupsFunding Newsiot startupsProbus
Share4Tweet2Share1Pin2

Popular Sections On Techiexpert

5G AI News AI Services AI Startup AI usecases Amazon Bangalore startups BigData analytics Business Chatbots cloud services CryptoCurrency custmer experience Cybersecurity Data privacy Delhi startups digital marketing digital payments eCommerce Electric Vehicles Facebook Fintech Fintech startups Funding News Google Healthcare Inflection Point Ventures Instagram IOT services Marketing strategy Microsoft Mobile Apps Mobile Tech Mumbai startups Press Release Robotics Saas search engine optimization Smartphones startup stories Tech Stories Tech Trends Virtual Reality Voice assistants WhatsApp

Latest Stories on Techiexpert

Report Reveals Cloud Infrastructure as Top Cyber Risk for Indian Businesses

Report Reveals Cloud Infrastructure as Top Cyber Risk for Indian Businesses
Share4Tweet2Share1Pin1

Spade Secures $10M to Revolutionize Merchant Data Accessibility for Card Issuers

Spade Secures $10M to Revolutionize Merchant Data Accessibility for Card Issuers
Share4Tweet3Share1Pin1

Gujarat Sports Startup Conclave Reveals Top 7 Finalists

Gujarat Sports Startup Conclave Reveals Top 7 Finalists
Share4Tweet3Share1Pin1
  • Privacy Policy
  • About Us
  • Contact us
  • Cookie Policy
  • Write For Us
  • Newsletter

© 2016-2022 All Rights Reserved

No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain

© 2016-2022 All Rights Reserved

Cookie Law Notice
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.