AIoT startup Ubiqedge has raised ₹10 crore in a seed funding round led by Piper Serica. The round also included well-known angel investors Shibam Das and Sumit Chhazed.
The company will use the fresh funds to improve its artificial intelligence (AI) technology and expand its solutions across industries like water management, air quality monitoring, solar energy, and construction. It also plans to grow its network of system integrators and OEM partners to reach more customers. CEO Visat Patel said that being profitable from the first year shows the company is solving real and large-scale problems. Ajay Modi from Piper Serica added that Ubiqedge has strong business fundamentals and is well-placed to grow in the coming years.
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Building Smart Solutions for Industries
Founded in March 2024, Ubiqedge is building a full-stack AIoT platform that works like an operating system for industrial infrastructure. The company was started by Visat Subodhbhai Patel, Archit Khandelwal, Akhilesh Thorat, and Hetvi Shah, with offices in Vadodara and Mumbai. Its technology has two main parts. The KLEON hardware devices are strong and weatherproof, designed to work in tough industrial environments and collect real-time data. The SAMASTH software platform then uses AI to turn this data into useful insights like live dashboards, alerts, and automated reports.
This helps companies move from manual checks to smart, automated monitoring, saving time and improving efficiency.
Strong Growth and Market Presence
Ubiqedge is already seeing strong growth, with over 5,000 customers using its solutions. It has digitised more than 23,000 borewells, making it one of the leading players in groundwater monitoring in India. Its AI systems have helped reduce issue resolution time by over 80%. The startup is also part of the NVIDIA Inception Program, which gives it access to advanced technology and global support.
In the growing AIoT market, Ubiqedge competes with companies like Samsara, Teltonika, Kristnam, and Datoms. With this new funding, the company is expected to expand faster and strengthen its position in India’s industrial tech space.