Brihaspathi Technologies Ltd secures USD 10 mn funding, wins MSRTC project

The company plans to hire over 400 additional employees to support its mission of delivering world-class, Made-in-India, AI-based security solutions.

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

This capital infusion will fuel the company’s expansion efforts, including the establishment of a new 72,000 sq. ft. CCTV manufacturing facility in Hyderabad, which is expected to be operational by the end of the current financial year.

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The company plans to hire over 400 additional employees to support its mission of delivering world-class, 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 utilised to strengthen its research and development (R&D) capabilities, expand manufacturing capacity, and advance its portfolio of AI-driven solutions.

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

Rajasekhar Papolu, Managing Director, Brihaspathi Technologies Limited, said, “The USD 10 million in funding will accelerate our expansion plans, particularly the commissioning of our new manufacturing unit in Hyderabad, which will significantly scale up our production capabilities.”