Vehant Technologies raises $9 mn from True North through NCDs, plans IPO

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Vehant Technologies raises $9 mn from True North through NCDs, plans IPO - Business Standard

Quick Summary:

Vehant Technologies plans 75 per cent of the funds to increase its research and development activities to enhance its current offerings and develop innovative solutions for aviation security, smart cities, and enterprise analytics.

AI-based security and surveillance solution provider Vehant Technologies has raised USD 9 million (about Rs 77 crore) in a funding round through non-convertible debentures from True North's Private Credit fund, the company said on Tuesday.

"This fundraise from True North will help us develop and launch more cutting-edge products in the areas of aviation security, smart and safe cities and enterprise analytics solutions.