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Vehant Technologies raised $9 million through non-convertible debentures led by True North to enhance research and development activities and support its IPO plans by 2026.

Jan 07, 2025•12 months ago

Amount Raised

$9 Million

NoidaSecurityInformation Technology

Investors

True North

Description

Vehant Technologies has raised $9 million through non-convertible debentures from True North's Private Credit fund. The funds will be primarily used for research and development to improve offerings in aviation security and smart cities, while also facilitating geographical expansion.

Company Information

Company

Vehant Technologies

Location

Noida, Uttar Pradesh, India

About

Vehant Technologies is an AI-based security and surveillance solution provider. The company aims to enhance its offerings and innovate solutions for aviation security, smart cities, and enterprise analytics. It focuses on research and development to propel growth and is planning for an IPO by 2026.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers