Intangles Lab raises $10 million in Series A funding

Intangles Lab Pvt. Ltd., a provider of digital twin solutions, has announced the closing of a $10 million Series A funding round led by Baring Private Equity Partners India.

Expansion & Customer Acquisition

The funds raised will be used to serve a new customer pipeline, expand its global presence, and accelerate hiring to strengthen its product engineering, sales, and delivery teams.

Becoming the Digital Twin Open-Source Software (OSS) of the world

The company aims to become the Digital Twin Open-Source Software (OSS) of the world across all segments.

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Proprietary Digital Twin & Machine Learning Paradigms

Intangles Lab claims to have developed in-house IP by leveraging its proprietary digital twin and machine learning paradigms to provide predictive vehicle health monitoring solutions to OEMs and fleet operators.

Deep competencies in artificial intelligence, predictive analytics, edge computing, and communication technologies

Integrating deep competencies in artificial intelligence, predictive analytics, edge computing, and communication technologies has allowed the company to build its product suite.

The company's success is a testament to the importance of digital twin technology and the potential it holds for the future. As companies look to optimize their operations, digital twin technology will become an increasingly important tool for monitoring and optimizing assets.

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Focusing On Redefining Mobility

With this funding, Intangles Lab is well-positioned to continue developing cutting-edge digital twin solutions and solidify its position as a leader in the space. The company's focus on redefining mobility and improving operational profits for fleet operators bodes well for its future success.

(Disclaimer: TICE news has written this content based on a funding update shared by the organisation.)