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Planys Technologies Raises Rs 43 Crore to Revolutionize Underwater Infrastructure Inspection

Planys Technologies, a deeptech startup incubated at IIT Madras, has secured Rs 43 crore in funding to advance its mission of transforming underwater infrastructure inspections. The round was led by renowned investor Ashish Kacholia and saw participation from various firms alongside existing investors.

The capital will be used to propel Planys' developments in marine robotics, underwater testing, and digital analytics platforms for inspections. Jatin Karani, Partner at Samarthya Investment Advisors, lauded the company's engineering expertise in underwater robotics for inspection and defense applications.

Founded in 2015 by IIT Madras alumni and faculty, Planys originated from the institute's Centre for Non-Destructive Evaluation (CNDE). The startup has since developed multiple products and secured previous angel funding of Rs 1.75 crore.

Planys leverages proprietary underwater drones to gather visual and sensor data on steel and concrete structures. This data is then processed using AI and presented through a digital platform, offering valuable insights for infrastructure maintenance.

Ashish Kacholia highlighted Planys' unique technology for pinpointing defects in underwater assets like dams, bridges, and refineries. This focus on a large, underserved market positions Planys for significant growth.

Through partnerships, Planys aims to expand globally and explore applications in oceanography and defense. The company already boasts partnerships in the Netherlands and with petrochemical players in the Middle East and Southeast Asia.

Planys plans to broaden its service offerings with solutions like non-destructive testing for metal and concrete, specialized inspection robots, real-time monitoring applications, and advanced digital reporting.

Planys' entire technology stack is designed, developed, and manufactured in India, catering to various sectors including dams, bridges, ports, oil and gas, petrochemicals, power, and defense.


With over 10 products and 30 patents, Planys aspires to revolutionize how infrastructure assets are inspected, maintained, and managed across the globe.

 

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