In a funding round, Vehant Technologies has secured $9 million (about Rs 77 crore) using non-convertible debentures from True North’s Private Credit fund.

Seventy-five percent of the cash will be used by Vehant Technologies to expand its R&D efforts in order to improve its current products and create cutting-edge solutions for business analytics, smart cities, and security in aviation.

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“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. It will also help us in geographical expansion in the Middle East and Europe,” Vehant Technologies chief executive officer (CEO) and cofounder Kapil Bardeja.

About Vehant Technologies

Vehant Technologies, a leader in artificial intelligence-based physical security, surveillance, traffic monitoring, and junction enforcement solutions, was founded by Anoop G. Prabhu and Kapil Bardeja.

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