Climate tech company FluxGen Sustainable Technologies has raised Rs 28 crore in a pre-Series A financing circular driven by IAN Alpha Fund. The circular too saw support from Rainmatter, Gameskraft Technologies, Intersection Ventures, and Force Ventures, together with existing speculators Axilor Ventures and Arali Ventures.

The reserves will be utilized to scale FluxGen's AI and IoT-powered water administration arrangements, grow into new industrial markets, and reinforce client acquisition endeavors in India and internationally, the company said in a press release.

Co-founded in 2021 by Ganesh Shankar and Emanuel Deepak, FluxGen gives end-to-end water insights arrangements, empowering real-time monitoring, predictive analytics, and administrative compliance for industries. The startup's patent-pending items and flagship platform, AquaGen, empower companies to optimize water utilization, avoid wastage, and relieve water-related operational and supply-chain risks.

The Bengaluru-based company claims to have over 110 clients, counting industry giants such as TATA Steel, Aditya Birla Group, Care Hospitals, Mahindra Group, and Microsoft. It serves high water-use segments like metals and mining, nourishment and refreshment, materials, pharmaceuticals, car, and healthcare. The company moreover claims that its clients have detailed up to a 30% decrease in water utilization.

Agreeing to showcase investigate, the Indian smart water administration showcase is anticipated to be esteemed at over Rs 42,000 crore over the following 7–10 a long time, with a yearly Rs 5,000 crore SaaS opportunity.

FluxGen leverages cutting-edge technologies such as Artificial Intelligence (AI), Generative AI, Geospatial Imaging, and Cloud Computing and points to create water information as straightforward as water itself. Through AI-driven analytics, the company enables real-time observing of entire water networks, advertising prescriptive experiences to optimize water frameworks, minimize wastage, and upgrade water management whereas mitigating risks.

FluxGen states that it has joined forces with Cisco, KPMG, and Microsoft, and its arrangements are trusted by clients over different divisions, including natural resources, manufacturing, smart cities, commercial real estate, and healthcare offices. The company's arrangements are planned for consistent scalability over assorted utilize cases and geographies.

FluxGen plans rapid expansion both domestically and universally, especially within the Middle East and Africa, regions where water shortage could be a basic concern.