SAIF Partners has invested $2 million in SenseHawk, an intelligent cloud based platform for maximizing energy and infrastructure asset performance with an initial focus on utility scale Solar. The funds would be used by SenseHawk for product and business development
SenseHawkâs technology is largely based on AI and machine learning and for collecting data, they use autonomous unmanned aerial vehicles (UAVs) and other sources, which can include sensors, data processing and planning chains to evolve decision making tools which can help with increasing productivity in energy and infrastructure sectors.
The brains behind SenseHawk believe that some of these sectors like the Solar energy sector, which they have taken up on priority, demand huge investments but the returns are dwindling. The applications they are bringing to the table will benefit these industries in improving their efficiencies and thereby enhance their profitability.
âOur goal is to digitize infrastructure asset industries through the creation of a scalable AI driven platform that combines new age sensor data and expert knowledge to deliver insights to users across functions. With large investments into new infrastructure and strong downward pressure on investment returns, combating process inefficiency with new sensing technologies and intelligent software has become a critical requirement. We are addressing exactly this requirement with an initial focus on the Solar Industry. We are happy to have gained valuable support from SAIF as it adds a lot of credibility to our business model. The expanded capital base will allow SenseHawk to focus on business development, expand geographically and diversify the depth of solutions offered to enterprises,â Swarup Mavanoor, Co-founder and CEO, SenseHawk said.
The fresh funds now inducted will also be used towards expanding the operations beyond the current geographies that include India, the US and Australia.
To explain SenseHawkâs technology offerings, thereâs the âLinkâ app that controls drone flights for data collection in a pre-programmed pattern. The second key element is the Artificial Intelligence Engine (HawkAI) that sees and identifies the hidden patterns in the data very effectively. The platform also provides a web-based interface, Unity, that makes it easy for enterprises to seamlessly collect, analyse and generate insights that their customers can seamlessly use to their benefit.
Announcing the investment, Mayank Khanduja, Principal, SAIF Partners said, âWe are thrilled to partner with Sensehawk in their quest to build a unique data solutions platform that leverages computer vision and artificial intelligence. We are impressed at the upside that Sensehawk solution brings to the multi billion dollar Solar industry today and will soon do the same for other industries. As the solar industry attracts more investment, we believe that Swarup, Rahul and their team will be at the forefront of building an intelligent analytics platform that allows asset owners to maximize asset performance, and we feel excited to work with them on this next phase of growth.â