Hyderabad-based Brihaspathi Technologies raises $10 million in funding from FIIs

Hyderabad-based AI surveillance and security solutions provider, Brihaspathi Technologies Limited, has raised $10 million in funding from foreign institutional investors (FIIs) and others.

The firm will use the raised capital for expansion efforts, including the establishment of a new 72,000 sq. ft. CCTV manufacturing facility in Hyderabad. The facility is expected to be operational by the end of the current financial year.

It also plans to hire over 400 additional employees to support its mission of delivering Made-in-India AI-based security solutions. Brihaspathi Technologies is also gearing up for an Initial Public Offering (IPO) in the next financial year (FY 2026–27). Proceeds from the IPO will be utilized to strengthen its research and development (R&D) capabilities, expand manufacturing capacity, and advance AI-driven solutions, it said.

Brihaspathi Technologies has also been awarded a major surveillance project by the Maharashtra State Road Transport Corporation (MSRTC). The project involves implementing a comprehensive AI-enabled CCTV monitoring system across the MSRTC network.

The company claims to have deployed over 1.2 million CCTV cameras across India. Its portfolio includes high-profile installations such as surveillance systems for the Border Security Force (BSF) along international borders, election monitoring for the Election Commission of India, AI-based classroom monitoring systems, wildlife and national park surveillance, and exam control room solutions across various states. In the past, Brihaspathi Technologies has deployed 64,000 CCTV cameras across 19 states in a single day for the NEET examination.

Buoyed by a strong order book, Brihaspathi Technologies anticipates a 30% growth in revenue during the current financial year. The growth is attributed to the rising demand for integrated security solutions across sectors such as education, transportation, and public safety in both urban and rural areas.

"The USD 10 million funding will accelerate our expansion plans, particularly the commissioning of our new manufacturing unit in Hyderabad, which will significantly scale up our production capabilities. Additionally, winning a major contract from the MSRTC is a testament to our ability to deliver impactful surveillance solutions on a large scale," said Rajasekhar Papolu, Managing Director, Brihaspathi Technologies Limited. 

"As we prepare for our IPO in the next financial year, we remain committed to developing world-class, AI-powered, Made-in-India technologies that will redefine the security landscape across the nation," Papolu added.