Haber, a leading smart manufacturing startup, has successfully raised $44 million in its Series C funding round, which included $38 million in equity and $6 million in debt. The funding round was led by Creaegis, BEENEXT, and Accel, demonstrating strong investor confidence in the company’s innovative AI-driven solutions and its vision for global expansion.

This infusion of capital will fuel Haber’s expansion into North America — a region where the demand for cutting-edge manufacturing technology is soaring. Haber’s AI-powered automation solutions are designed to optimize manufacturing processes, enhance efficiency, and minimize environmental impact, transforming industries from the inside out.

Founded in 2017 by Vipin Raghavan (CEO), Priya Venkat (COO), and Arjunan PN (VP, Technical), Haber has rapidly emerged as a leader in smart manufacturing. Over the past year, the company has doubled revenue from key customers while maintaining its remarkable zero-churn rate.

Haber’s proprietary AI technology empowers manufacturers to make data-driven decisions seamlessly, eliminating the complexity of traditional data analysis while optimizing resource use. By helping businesses significantly reduce water and energy consumption, Haber is redefining the balance between profitability and environmental responsibility.

“Industries in the US are under increasing pressure to reduce environmental impact, comply with stringent regulations and adopt sustainable practices”,  said Priya Venkat, COO of Haber. “Despite progress, challenges such as reducing water and energy consumption, minimizing chemical waste and improving process efficiency persist. These areas present an opportunity for solutions like ours, which are designed to enhance resource management and minimize waste through data-driven insights and automation” 

Haber has been instrumental in driving efficiency and sustainability in the Indian pulp, paper and packaging industry and is now poised to extend its impact to other manufacturing industries, such mining and metal and food & beverage.

The recent investment will enable Haber to build a robust foundation for its North American expansion by putting together a highly skilled team. The company plans to hire engineers, data scientists, industry specialists and professionals in sales and support functions. 

Haber also plans to set up an office in Chicago along with an advanced R&D lab for generating training data and AI models, which will allow the company to take a deeper look at concerns faced by the customers, not only providing AI solutions but also leveraging Haber’s years of experience and learning in the paper industry

Haber’s extensive experience in the Indian pulp, paper and packaging industry has enabled the development of a plug-and-play solution that simplifies and accelerates deployments. By refining its solutions in a highly competitive and resource-intensive market like India, Haber has gained the ability to address complex industrial challenges effectively. 

This capability translates seamlessly to international operations, ensuring that industries in other countries can benefit from rapid deployment and immediate impact, making the transition to smart manufacturing smoother and more efficient.