Participated · Series A · Feb 2026

Founded in 2015 by Sameer Narang and Rishab Purias, IndiGrid Technology focuses on developing and producing embedded electronic systems for the automotive and consumer-appliance markets. Its product line includes motor controllers, DC-DC converters, regulator rectifiers for two- and three-wheelers, control systems for appliances, and battery pack assemblies for electric vehicles and drones. The company operates a manufacturing plant in Gurugram and recently opened an additional unit in Goa, where it has also acquired land for a larger future facility. Proceeds from its latest funding will be directed toward expanding production capacity, deepening research and development, meeting working-capital needs, and pursuing vertical integration opportunities. Although specific revenue or user metrics were not disclosed, management emphasized that the new capital will accelerate scale-up across its supply chain. IndiGrid positions itself as a key electronics supplier to leading automotive OEMs, aiming to capture the growing demand for EV and smart-appliance components.

Participated · Series B · Dec 2022

SafeAI builds retrofit hardware and proprietary autonomous software to enable off-road heavy equipment in mining and construction to operate autonomously. The company sells an interoperable, scalable aftermarket solution that transforms existing machines into self-operating robotic assets. SafeAI was founded in 2017 and is headquartered in Santa Clara, CA, with offices in Perth, Tokyo, and Delhi. The company more than doubled headcount in 2022 to over 90 employees as it expanded operations across the U.S., Australia, Japan, and India. With the new capital, SafeAI plans to accelerate its autonomous vehicle technology roadmap, invest in engineering and developer teams, and scale its global operations team. Management says funds will be used to meet contractual milestones and expand the company’s global footprint to service growing customer demand. SafeAI develops interoperable autonomous technology and retrofits heavy equipment for autonomous applications in mining and construction. It builds a software platform with advanced, industry-specific AI to convert existing machines into self-operating robotic assets. The company intends to use the funds to accelerate research and development of its interoperable autonomous technology and to support global expansion. Led by founder and CEO Bibhrajit Halder, SafeAI serves a broad ecosystem of industry players with complex needs. The company currently operates with Obayashi Corporation in Cupertino, California. It raised $21M in a Series A to advance these plans. SafeAI develops autonomy software tailored for heavy equipment in the mining and construction industries, aiming for Level 4 (no human driver) capability. Its platform is designed to be open, modular and upgradeable so clients can adopt new advances in AI and autonomy. The company is testing its software on a Bobcat skid loader at its San Jose proving ground and is working with Doosan Bobcat. SafeAI is also working with an unnamed large global mining company to pilot deployments in mining trucks. The startup is emerging from stealth and does not yet have a commercial product in market, though it runs software on actual construction hardware. The founding team includes talent with experience across Apple, Ford and Caterpillar, and the company announced a $5 million funding round to support development and deployment.

Participated · Series A · Jul 2021

Skylark Drones operates a technology platform that leverages data gathered from drones to provide actionable business intelligence to enterprises. It offers AI-powered solutions for platform integrations, API access, drone mission execution, and compliance with local airspace regulations. The company serves customers across mining, solar power, real estate, agriculture, and inspection, and maintains offices in the US and India. Skylark was founded in 2015 and previously raised a seed round in 2018. The startup recently completed a $3 million pre-Series A funding round. It plans to use the proceeds to enhance its product offering and to expand further into overseas markets.

Led · Seed · Mar 2021

CyanoGuard has developed and commercialised a next-generation cyanide monitoring solution: a comprehensive digital platform for rapid toxin detection and process optimization in gold mining. The platform enables mining companies to reduce cyanide consumption by 15–20% through improved process control and to save about 20% on detox reagents, while improving recovery rates. Those efficiency gains translate into cost savings and productivity improvements worth several million US dollars per mine per year. The company already counts three of the world’s top ten gold producers among early adopters and has projects with KCGM (Australia), AgnicoEagle (Finland) and Ecolab (Colombia). CyanoGuard plans to further develop its cyanide monitoring and optimization technology and to scale its customer base across the global gold mining industry. The company also participated in Prospect Mining Studio’s inaugural 12-month accelerator program, which supported its product realization and go-to-market efforts. CyanoGuard develops next-generation cyanide detection and monitoring solutions that use a colour-changing sensor to allow both trained and untrained users to test liquid samples without hazardous reagents. Its offerings combine simple chemical sensing with data-driven, connected and AI-based tools for process control and toxicological analyses. The company’s solutions are used in gold mining, where they support process digitization, improved cyanide usage and reduced operating costs and environmental footprint, as well as in food safety and medical applications such as blood, urine or breath testing. CyanoGuard plans to scale its monitoring solutions across global mining operations and to accelerate development of product offerings for healthcare and food-safety markets. The startup emphasizes safer, more efficient industrial process control and claims validated technology applicable to multiple sectors. CyanoGuard was founded in 2016 and is based in Zurich, Switzerland.