Adage Automation raises Rs 230 Cr to accelerate AI-led industrial expansion

Adage Automation raised Rs 230 crore in a growth funding round led by InCred Growth Partners Fund.

InCred invested Rs 180 crore, with participation from Global South Capital and Prachetas Capital.

The capital will expand AI-enabled industrial software, digital monitoring platforms, engineering capabilities, and manufacturing infrastructure.

Adage plans to strengthen international presence in the Middle East, Africa, Europe, and the United States.

The company develops gas analyser systems and continuous emission monitoring systems for industries like oil & gas, steel, and cement.