Mumbai: Smartgrid automation startup, Probus Smart Things has raised an undisclosed seed round from Unicorn India Ventures (UIV). The funds will be used for scaling up the platform and entering new geographies.
Unicorn India Ventures (UIV) is a Mumbai-based early stage venture capital Fund house. This is UIV’s fourth investment from Rs 400 crore Fund II in IoT (Internet of Things).
Probus is an IoT solution for electricity distribution utilities that helps them achieve distribution grid analytics and automation, which subsequently enables a much more efficient distribution of electricity along with quicker restoration of electricity after power disturbances. Probus further enables reduced operations and management costs for utilities, and ultimately lower power costs for consumers.
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