IoT tech startup DeTect Technologies raises funding from CIIE, Axilor and Keiretsu

economictimes.indiatimes, Aug. 16, 2017 – 

DeTect Technologies, an IoT tech startup from IIT Madras, has raised funding from IIM Ahmedabad's CIIE, Axilor Ventures and angel network Keiretsu Forum. Around 15 investors on the Keiretsu network invested in the company, led by entrepreneur Anil Jain's AJ Ventures.

DeTect Technologies builds technologies for the heavy industrial sector for asset monitoring. The startup's drone called Noctua is now offered to nearly 10 leading organisations, including BPCL, HPCL and Tata, among others. It has also developed an ultrasonic sensor called GUMPS which caters to the energy sector for inspection of pipelines through remote monitoring.

DeTect started at IIT Madras' incubation cell in 2013 and was founded by alumni Daniel Raj David, Harikrishnan AS, Karthik R, Tarun Mishra and professor Krishnan Balasubramanian. DeTect was chosen as winner of the ET Startup Awards in the 'Best on Campus' category this year.

DeTect Technologies had received initial capital from the IIT Madras incubation cell through one of its first clients Reliance Industries.

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