Intangles Lab raised $10 million in Series A from Baring Private Equity Partners India

Popular

Intangles Lab raised $10 million in Series A from Baring Private Equity Partners India

Intangles Lab, an IoT startup which operates in the automotive space raised $10 million in Series A from Baring Private Equity Partners India.

Intangles has created deeptech solutions that enable fleet operators to monitor, benchmark, and perform predictive maintenance on their vehicles, allowing them to improve overall uptime and profitability. According to a statement, the startup will use the new funds to expand its global presence, accelerate hiring to strengthen its product engineering, sales, and delivery teams, and serve its new customer pipeline.Intangles claims to be one of the few global players with a full stack presence that includes in-house developed patented algorithms, advanced hardware devices, and a cloud-based data analytics platform. As per a report, the global digital twin market was valued at $11.1 billion in 2022 and is expected to clock a CAGR of 37.5% from 2023 to 2030.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

Popular

More Like this

Intangles Lab, an IoT startup which operates in the automotive space raised $10 million in Series A from Baring Private Equity Partners India.

Intangles has created deeptech solutions that enable fleet operators to monitor, benchmark, and perform predictive maintenance on their vehicles, allowing them to improve overall uptime and profitability. According to a statement, the startup will use the new funds to expand its global presence, accelerate hiring to strengthen its product engineering, sales, and delivery teams, and serve its new customer pipeline.Intangles claims to be one of the few global players with a full stack presence that includes in-house developed patented algorithms, advanced hardware devices, and a cloud-based data analytics platform. As per a report, the global digital twin market was valued at $11.1 billion in 2022 and is expected to clock a CAGR of 37.5% from 2023 to 2030.

Disclaimer

At StartupNews.fyi we strive to uphold the highest ethical standards in all of our reporting and coverage. We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

More like this

Nvidia partners with Quantum Machines to combine classical and quantum machines

In a move to push the boundaries of computing...

Checkout.com launches virtual and physical card issuing

Leading global payment solutions provider Checkout.com announced the launch...

Upcoming Events

Startup Information that matters. Get in your inbox Daily!

spot_img
spot_img
Copy link
Powered by Social Snap