Argus, SAM lead on DeTect Technologies fund raise from SAIF Partners

Argus, SAM lead on DeTect Technologies fund raise from SAIF Partners

Chennai-based robotics startup DeTect Technologies has raised $3.3 million in a Series A funding round from a clutch of investors led by SAIF Partners.

Existing investors Bharath Innovation Fund, Axilor Ventures and BlueHill Capital Pvt. Ltd also took part in the latest round

Argus Partners acted forDeTect Technologies with a team led by Senior Partner Siddharth Raja along with Associate Monica Umesh.

Shardul Amarchand Mangaldas acted for SAIF Partners with a team led by Bangalore Partner Roshan Thomas along with Associates Alekhya Donepudi and Nilima Rajdev.

DeTect has two major products—Gumps, a sensor that detects leakages and corrosion in oil or gas pipelines, and Noctua, an industrial drone that inspects large-volume assets like boilers and stacks, reported Mint.

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