Proxgy, an Internet of Things (IoT) technology firm has said that cricketer Ajinkya Rahane has invested in its ongoing $3 million series A funding round.
Other fames like Zerodha co-founder Nikhil Kamath, fiilm actor Suniel Shetty, Industrialist with Vinod Duggar and key investor Manish Patel.
Proxgy founded by Pulkit Ahuja in 2020, leverages technologies such as artificial intelligence and IoT and provides smart wearables and safety products designed to enhance workplace safety and efficiency of blue-collar workers.
Its innovations include SmartHat, a safety helmet featuring the smallest gas detection sensor, health monitoring systems, cameras, and connectivity protocols like 4G and WiFi.
Proxgy, an IoT innovator specializing in safety, connectivity, and productivity solutions, has announced that Indian cricketer Ajinkya Rahane has invested in its ongoing $3 million Series A funding round.
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“This funding will enable us to expand globally and bring innovative solutions like SmartHat, Sleefe, and Lockator to industries that need them the most,” said Pulkit Ahuja, cofounder and CEO of Proxgy.
Another such innovation is ‘Sleefe’ a wearable smart device that converts any cap into smart cap, offering real time monitoring and communication for industrial workers.
“Proxgy’s products have the potential to redefine safety and productivity in industrial environments,” said Rahane.
Pulkit Ahuja, founder and CEO of Proxgy said Rahane’s support along with others is a huge endorsement of the Company’s vision.
“This funding will enable us to expand globally,” said Ahuja. Manish Patel who is a partner at CMG Group based out of United States, added that Proxgy’s products like SmartHat and Sleefe Addrss Critical gaps.
Aruound a worth of 8.7 billion dollars of fund has been launced for Indian startups in 2024 with 10.4% targeted the deeptech sector.
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