Spector.ai has raised nearly $6.7 million (Rs 58 crore) in its latest funding round. Separately, SaaS firm Amagi Media Labs Ltd is set to hit the capital markets next week.
IvyCap leads $6.7m funding in Spector.ai
Spector.ai, an industrial AI company building agent-driven reliability and performance intelligence for asset-intensive industries, has raised nearly $6.7 million (Rs 58 crore) in its latest funding round, led by IvyCap Ventures, with participation from US-based strategic investors.
The funds will be used to accelerate product innovation, expand enterprise deployments globally, and strengthen Spector.ai’s foundational AI, knowledge-graph, and agent-based capabilities across reliability and operational performance use cases, the company said in a statement.
Spector.ai helps industries such as oil and gas, chemicals, manufacturing, utilities, and automotive move beyond siloed monitoring tools. Its platform delivers AI-powered reliability and performance agents that combine industrial domain knowledge, equipment-level intelligence, diagnostics and root-cause analysis, and prescriptive recommendations.
Amagi Media seeks to raise $200m in IPO
Bengaluru-based SaaS firm Amagi Media Labs Ltd is set to hit the capital markets next week with a Rs 1,788.62-crore ($200 million) initial public offering (IPO).
The company filed the red herring prospectus (RHP) on January 7 and is seeking a valuation of around $1 billion (Rs 8,800 crore) in the upcoming IPO. According to RHP, the company has fixed a price band of Rs 343–361 per share, with the issue scheduled to open for subscription on January 13 and close on January 16.
The IPO comprises a fresh issue of shares worth Rs 816 crore and an offer for sale (OFS) of up to 2.69 crore equity shares valued at Rs 972.6 crore, while the anchor book will open on January 12.
Amagi plans to use the fresh issue proceeds to strengthen technology and cloud infrastructure, pursue inorganic growth opportunities, and meet general corporate expenses.
