Brihaspathi Technologies Limited has raised $10 million from foreign institutional investors to expand AI-driven security in India.
The funding will support the establishment of a 72,000 sq. ft. CCTV manufacturing facility in Hyderabad, creating over 400 new jobs in AI R&D and hardware production.
The company plans for an IPO in FY 2026–27 to fuel global expansion while focusing on solving Indian public safety challenges.
Brihaspathi Technologies has secured a government contract with the Maharashtra State Road Transport Corporation to implement an AI-based CCTV system and is projecting a 30% revenue increase this fiscal year driven by smart city surveillance and AI-based monitoring.