Deep tech startup Planys raises $1.6 Mn

Deep-tech startup Planys Technologies has raised $1.6 million in its ongoing pre-series A round from Keiretsu Forum, LetsVenture, Shell, existing investors ONGC, Ranjan Pai, Kris Gopalakrishnan and other seed investors.

The IIT-Madras incubated startup raised its pre-Series A round of $2 million back in 2018.

The company would utilise the funds to expand their operations internationally and to boost R&D and product development.

Founded in 2015 by Tanuj Jhunjhunwala, Vineet Upadhyay, Rakesh Sirikonda, Prabhu Rajagopal and Krishnan Balasubramanian, Planys serves the underwater inspection industry using marine robotics and associated analytics systems.

The company which currently operates in India, Netherlands and Saudi Arabia, has already catered to over 100 railway and highway bridges, 25 dams, 35 ports, 20 assets across downstream O&G, process plants and utilities.