AI Firm Innefu Labs Bags USD 30 Million In Funding from Panthera Growth Partners; Plans IPO to Expand Globally

New Delhi, June 5: Artificial intelligence firm Innefu Labs has raised USD 30 million (about Rs 286 crore) in a Series B funding round from Singapore-based growth equity firm Panthera Growth Partners. 

The capital infusion, completed through a combination of primary and secondary transactions from Panthera, positions the national security-focused AI company for an initial public offering (IPO) and will accelerate its expansion into international markets, the New Delhi-headquartered firm said in a statement on Friday. 

The funding comes from Panthera’s second fund, which is backed by institutional investors from India, the European Union, and the US. 

The proceeds will be utilised for global market expansion and deep-tech research and development. This includes advancing its proprietary agentic AI platform, establishing a dedicated physical AI/robotics wing, and developing sovereign AI infrastructure with domain-specialised language models. 

Innefu Labs noted that it currently holds a growing pool of contracts exceeding Rs 100 crore spanning defence, intelligence, law enforcement, and revenue intelligence operations. 

“We now intend to scale our innovations faster, deepen our investments in advanced AI, and further enhance our autonomous decision-support systems. We believe the next wave of technological leadership will belong to nations that own their intelligence capabilities, and Innefu is committed to ensuring that India stands at the forefront of that transformation,” Innefu Labs Co-Founder and CEO Tarun Wig said. 

Data Analytics and Information Security Solutions 

Founded in 2010, Innefu provides data analytics and information security solutions to national security agencies. 

“Innefu has built native, AI-powered software that solves critical challenges in national defence and enterprise security infrastructure. Our investment decision is based on their proprietary technology, deep domain expertise, and a proven track record in high-stakes, mission-critical environments,” Shilpa Kulkarni, Founder and Managing Partner of Panthera Growth Partners, stated. 

Innefu reported a net profit of Rs 34.2 crore in FY25, which surged about 90 per cent from Rs 18 crore in the preceding fiscal. The company’s revenue from operations came in at Rs 103 crore in FY25, increasing from Rs 62.7 crore in FY24.