
L-R: SunnyJadoon, Chief – Engineering Sourcing and Production; Ahmad Raza, CTO; AnandSingh, CEO; Rahul Mishra, COO; and, Ankit Vaish, CFO.
DeepTech Startup Probus Smart Things, focused onSmart grid applications, has raised $5.00-million in Series A1 led by UnicornIndia Ventures. The round also saw participation from notable US-based andIndian family offices. The current round is a mix of equity and debt financing.
Probus has raised over $8.00-million in funding tilldate including the current round.
Funds raised will be used for scaling its currentcommunications tech stack into multiple smart grid and renewable applications alongwith development of existing expertise into AI integration with its patentedcommunications and networking stacks. The Company will also be investing inscaling its innovative dual communications network interface modules for smartmetering currently being deployed across various states in India.
Probusdevelops integrated hardware and software solutions for utility providers andhelps digitize their distribution grid. Probus further enables reducedoperations and management costs for utilities, and ultimately lower power costsfor consumers.