Vehant Technologies raises $9 mn from True North through NCDs, plans IPO

AI-based security and surveillance solution provider Vehant Technologies has raised $9 million (about Rs 77 crore) in a funding round through non-convertible debentures from True North’s Private Credit fund, the company said on Tuesday.

Vehant Technologies plans 75 per cent of the funds to increase its research and development activities to enhance its current offerings and develop innovative solutions for aviation security, smart cities, and enterprise analytics.