The Venture Codex

Participated · Series A · Apr 2024

Founded in 2015 by IIT-Madras alumni and professors, Planys Technologies builds hybrid remotely operated vehicles (ROVs), robotic crawlers and autonomous underwater vehicles (AUVs) that inspect hard-to-reach marine and industrial infrastructure. Its platform combines patented hardware—21 granted patents and 15 pending—with an AI-enabled 3D Inspection Twin to deliver advanced non-destructive testing, including the world’s only underwater concrete testing solution for infrastructure. The company has logged more than 25,000 operational hours across 500 sites in over 10 countries for 150+ enterprise customers such as Reliance Industries, Shell and Saudi Aramco. Planys is now creating an explosion-proof ROV called TankRover for in-service hydrocarbon tank inspections and is scaling a defence-focused subsidiary, Planys Ark, to supply mission-ready unmanned underwater vehicles (UUVs) for mine countermeasures, ISR and expendable missions. Backed by three iDEX challenge wins, it is also planning a new UUV production facility in South Chennai with advanced fabrication and testing capabilities. International expansion is underway through partnerships with Applus Velosi in Qatar and HUB71 in Abu Dhabi, aimed at broadening global inspection delivery and product commercialisation.