2017
Delhi (India)
Series A
Probus Smart Things is an Internet of Things (IoT) startup founded in 2017 and headquartered in New Delhi, India. The company focuses on addressing large-scale challenges in the physical world by connecting devices and people through a network. Its flagship product, Probus Sense, enhances electricity distribution connectivity, aiming to improve the reliability and efficiency of India's electricity grid.
Probus Sense: A comprehensive suite of IoT solutions designed for monitoring distribution substations. It enables utilities to maximize operational value through risk and condition-based monitoring, utilizing real-time data from deployed sensors, advanced meter infrastructure, and cloud-based analytics.
Smart Grid Communication Technology: Probus Smart Things aims to scale its smart grid communication technology, integrating AI into its networking solutions and expanding dual communication modules for smart metering across various Indian states.
Funding: As of February 2025, Probus Smart Things secured $5 million in Series A1 funding led by Unicorn India Ventures, bringing their total funding to over $8 million. This funding will support the scaling of their communication technology stack for smart grid applications and enhance their AI capabilities.
Growth Metrics: The company claims to have achieved a 10X revenue growth since its last funding round in 2023 and has built a ₹400 crore order pipeline. It has also tripled its workforce and opened an Innovation Center in Noida, along with offices in Mumbai and Ahmedabad.
Probus Smart Things is dedicated to enabling the last-mile digitization of India's electricity distribution grid, which significantly reduces distribution losses and contributes to the country's Net Zero targets. The company provides integrated hardware and software solutions that empower utility providers to digitize their distribution grids, offering real-time visibility into asset performance, outages, and maintenance needs.
The company was awarded the Startup of the Year 2018 by the Indian Smart Grid Forum, highlighting its contributions to advancing smart grid technologies in India.
In summary, Probus Smart Things is positioned as a key player in the IoT space, focusing on enhancing electricity distribution through innovative technology solutions while contributing to sustainability goals in India.
$8Million
5
$5.0Million, Series A
as of February 19, 2025
$11.6Million
as of N/A
-
as of N/A
Unicorn India Ventures
and 5 more50
N/A
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
February 19, 2025 | Series A | $5.0Million | - | - | - | Unicorn India Ventures |
March 9, 2023 | Series A | $3.0Million | $11.6Million | $2.5Million | 3.5x | Unicorn India Ventures ,Goutham Krishna, Pepper Ridge Trust, The Ambiga Subramanian Trust, Urmin Group |
August 18, 2021 | Seed | $538.0K | $3.8M | $258.0K | 12.8x | Unicorn India Ventures, Theia Ventures ,Genus, Urmin Group, Valiant Investment and Traders |
August 3, 2020 | Seed | $133.0K | $1.0M | $117.0K | 7.6x | Unicorn India Ventures |