Detect Technologies Raises $28M in Series B Funding

Detect Logo

Detect Technologies, a Chennai, India-based provider of cloud-based applications to industries to automate and enhance visibility of industrial risks and improve productivity, raised $28M in Series B funding.

The round was led by Prosus Ventures, with participation from Accel, Elevation Capital,Shell Ventures, Bharat Innovation Fund and Bluehill Capital.  

The company intends to use the funds to further expand and strengthen its sales and operations across international markets in North America and Europe and enrich its product suite.

Detect team: L to R – Varun Kumar, Harikrishnan Arangali Shaji, Tarun Mishra, Daniel Raj David, Karthik R

Led by CEO Daniel Raj David, Detect Technologies is an enterprise tech SaaS company that provides intelligence to Industries for mitigating high-consequence risks through a suite of cloud-based AI powered applications. The company has created a vast library of AI applications that mine out actionable insights from structured and un-structured data. These insights have helped industries improve workplace safety, monitor work processes effectively, increase visibility of external risks on their infrastructure, and improve productivity. 

Detect’s client portfolio is growing globally across various industrial sectors. The company will be expanding their customer base in North America and has established a presence in Houston, TX as their North American headquarters and have signed multi-year global contracts with Fortune 500 industries.