Planys Secures $5 Million Funding to Revolutionize Underwater Infrastructure Inspection

Indian deeptech startup Planys Technologies has secured INR 43 Crore (approximately $5 million) in funding to accelerate its mission of revolutionizing infrastructure inspections. This investment will fuel advancements in Planys' core areas: marine robotics, underwater testing, and digital analytics for reporting.

• Funding led by angel investor Ashish Kacholia with participation from other investors.
• Fresh funds to be used for operational growth, expanding underwater inspection solutions, and global market expansion.
• Planys' technology is completely indigenous, catering to various sectors like dams, bridges, oil & gas, and defense.
• The startup boasts a clientele including Reliance Industries, IOCL, BPCL, and Indian Railways.
• Plans include global expansion into the Netherlands, Middle East, and Southeast Asia.

Revolutionizing Infrastructure Inspection

Founded by IIT Madras alumni and faculty, Planys leverages its indigenously developed technology to provide high-precision underwater inspection solutions. This translates to benefits for various high-value assets like dams, bridges, and refineries by enabling timely maintenance and extending their lifespan.

Addressing a Large Underserved Market

Planys addresses a significant gap in the underwater asset maintenance market. Their technology offers a precise and data-driven approach to inspection, a critical aspect for infrastructure longevity and safety. As Ashish Kacholia, the lead investor, points out, "Planys is a large, underserved market and will grow thanks to companies like Planys."

Global Expansion and Diversification

Planys' vision extends beyond the Indian market. The company aims to expand its operations internationally, with a focus on the Netherlands, the Middle East, and Southeast Asia. Additionally, they plan to diversify their offerings into oceanographic and defense applications. With over 400 successful deployments already under its belt, Planys is poised to become a global leader in underwater infrastructure inspection.