Ubiqedge, an AIoT startup focused on making artificial intelligence and connected devices accessible to industrial businesses, has closed a seed funding round of Rs 10 Crore. The round was led by Piper Serica, and saw participation from two prominent startup founders as individual investors. The company was started in March 2024 with four co-founders who shared a single goal: make AIoT technology simple, seamless, and within reach for every industrial enterprise in the country.
Ubiqedge was co-founded by Visat Patel, Akhilesh Thorat, Hetvi Shah, and Archit Khandelwal. The four of them started the company with a clear thesis around industrial technology, specifically the belief that the AIoT space was too complicated and too expensive for most enterprises to adopt at scale. Their aim was to change that by building a product that removed the friction entirely.
In the two years since launching, the team has grown to 42 people, and the market response has validated the founders’ original instinct. The company now has a working platform, a growing customer base, and enough traction to have attracted institutional and angel funding from credible names in the Indian startup ecosystem.
The Technology Stack Behind the Business
At the core of Ubiqedge’s offering is an integrated technology platform built around two proprietary products. The first is KLEON, a hardware platform for IoT devices that connects physical industrial equipment to digital systems. The second is SAMASTH, a cloud analytics layer powered by artificial intelligence that processes the data flowing in from connected devices and turns it into actionable intelligence for operators.
Together, these two components form a single stack that gives industrial enterprises real-time visibility into their operations. Rather than reacting to problems after they have already occurred, businesses using Ubiqedge’s platform can shift to a more proactive, data-driven approach where issues are flagged and addressed before they escalate.
The seed round was led by Piper Serica, a venture capital firm. In addition to institutional backing, two well-known founders from the Indian startup world joined the round as individual investors.
The participation of founders from consumer hardware and fintech backgrounds as individual backers signals that Ubiqedge’s platform is drawing interest from beyond the traditional industrial tech investor base. It also brings in advisors who have first-hand experience scaling technology companies in the Indian market.
How the Funds Will Be Used
Ubiqedge has outlined three primary areas where the raised capital will be deployed. First, the company plans to deepen its AI capabilities, investing further into the intelligence layer of its platform. Second, it intends to expand the number of deployments across more industrial sites and geographies. Third, the funds will be directed toward building a stronger network of OEM partners and system integrators, which will allow the platform to reach more enterprises without the company having to handle every implementation directly.
The overarching goal, as framed by the founders, is to help industrial businesses move away from reactive operations and toward smarter, more anticipatory ways of managing their infrastructure. The seed round is a tool toward that outcome, not the outcome itself.
In closing their funding announcement, the Ubiqedge team was clear about how they view this moment. The Rs 10 Crore seed round is a significant step forward, but it is framed as the beginning of a larger journey rather than a culmination of one. With a full product stack already deployed, a growing team of 42 people, and credible backers now on board, the company is positioning itself as a long-term player in India’s industrial AI space. The founders believe the best chapters are still ahead.
