Leanworx Secures INR 8.3 Cr Seed Funding led by YourNest Venture

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A Bengaluru-based startup Leanworx, which provides real-time data to manufacturing plants, has raised INR 8.3 crore, lead by YourNest Venture Capital. YourNest has contributed INR 6.5 crore, while an angel investment group has contributed INR 1.5 crore.

According to the startup, the money will be used to enhance lead generation and scale marketing across India and Southeast Asia.

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D. Srihari – Director, of sales and Marketing, Leanworx Technologies, said “Leanworx is enabling some of India’s best-known manufacturing firms to improve their productivity in metal working. This investment will be used to enhance our market reach, geographically to other countries worldwide, and to other industry verticals. It will also be used for product enhancement, to offer better value to our customers. We would like to consolidate our position and become a dominant player in this sunrise domain in India and SE Asia in the near future.”

Using AI and analytics, the company’s Industry 4.0 machine monitoring system provides decision-makers with data from machines in just one minute. The present data chain, which relies on humans and paper, takes twenty-four hours.

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Venkat Raju, venture partner, YourNest, said “Leanworx Technologies aligns with our vision of backing scalable Industry 4.0 solutions. Their proven plug-and-play IoT system addresses critical inefficiencies in manufacturing. We were impressed by their strong early traction, and a robust sales funnel featuring industry leaders. Now with a clear go-to-market strategy and a vast addressable market, Leanworx is poised for rapid growth and should capture a significant market share.”

About Leanworx

Leanworx, which was co-founded in 2017 by D. Srihari, Bhagavan S. K., and Dasarathi G. V., offers a state-of-the-art, AI-powered machine monitoring solution that gives decision-makers access to real-time, actionable data from shop-floor equipment, facilitating quicker and more precise decision-making.

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