Funding · Government, Defense & Space

Innefu Labs raises $30M Series B from Panthera Growth Partners

What they do

Innefu Labs provides data analytics and information security solutions to national security agencies

It raised a $30M Series B round led by Panthera Growth Partners, including primary and secondary transactions

The company plans to expand globally, advance its AI platform, and is positioning for an IPO

Innefu Labs raised a $30M Series B funding round.
The round was led by Panthera Growth Partners, a Singapore-based growth equity firm.
The funding includes both primary capital (new money for the company) and secondary transactions (existing shareholders selling their shares).
Panthera Growth Partners invested from its second fund, backed by institutional investors from India, the EU, and the US.
The company plans to use the funds for global market expansion, deep-tech R&D, and advancing its agentic AI platform.
It will also establish a physical AI/robotics division and develop sovereign AI infrastructure with domain-specialised language models.
Innefu Labs is positioning for an IPO in the future.

Growing investor interest in AI-powered security and sovereign technology platforms is driving such deals.
Competitors like Safe Security raised $70M and CloudSEK raised $19M for AI-driven cybersecurity solutions.
Anthropic expanded access to its cybersecurity AI model Mythos to organisations in over 15 countries including India.

Innefu Labs was founded in 2010 and provides data analytics and information security solutions.
Its customers include defence, intelligence, law enforcement, revenue intelligence, enterprise, and banking sectors.
It has over 100 installations across the Indian subcontinent and Southeast Asia.
The company built India's first National Terrorism Data Fusion Centre, intelligence fusion centres, predictive policing systems, and AI-powered intelligence platforms.
Its contracts pipeline exceeds Rs 100 crore across defence, intelligence, law enforcement, and revenue intelligence.
In FY25, it reported a net profit of Rs 34.2 crore, up ~90% from Rs 18 crore in FY24.
Revenue from operations in FY25 was Rs 103 crore, up from Rs 62.7 crore in FY24.

Panthera Growth Partners (lead) — Singapore-based growth equity firm; founder and managing partner is Shilpa Kulkarni.

Product: Indigenous AI platforms and multi-modal fusion systems for defense, intelligence, law enforcement and enterprise security
Customers: Defense, intelligence, law enforcement, revenue intelligence agencies and large enterprise clients
How it makes money: Software and AI platform provider for national security and enterprise cybersecurity
What sets it apart: Sovereign AI infrastructure with domain-specialized language models for high-security environments