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Ahmedabad (Gujarat) [India], November 25: Mantra Softech, an Indian deep-tech company focused on identity management, security systems and computer vision, has raised USD 14 million in its first institutional investment round. The funding was led by India SME Fund II, with participation from Motilal Oswal Principal Investments. The company said the capital will be directed towards strengthening its research and development programmes, expanding its intellectual property portfolio, and establishing a dedicated Center of Excellence for AI-powered computer vision and security technologies. "This investment represents a significant step in our long-term strategy to build globally competitive technologies from India," said Hiren Bhandari, Co-Founder, Mantra Softech. "We are focusing on advanced R&D, core engineering talent, and systems that can support large-scale authentication and security applications." Mantra Softech develops biometric devices, access control infrastructure and AI-driven identity platforms used in high-security and high-volume environments. Its hardware and software solutions have been adopted across aviation, defence, financial services, workforce management and digital public infrastructure. The company's technologies are currently deployed in airport employee access systems, DigiYatra-linked identity solutions, defence identity management, and enterprise workforce authentication projects. According to the company, more than 20 of India's top 100 corporates use its platforms for secure access, compliance and operational efficiency. "We are expanding into new aviation and industrial projects and increasing our presence in international markets, particularly in the Middle East," said Bhavyen Bhandari, Co-Founder, Mantra Softech. Explaining the rationale behind the investment, Mitin Jain, Founder and Managing Director of India SME Fund II, said: "Our partnership with Mantra Softech is backed by their consistent execution in biometric and security technologies. Their experience in national identity and critical infrastructure initiatives positions them well for the next phase of growth." About Mantra Softech Founded in 2006, Mantra Softech designs and manufactures biometric sensors, RFID-based systems, access control terminals and AI-enabled IoT hardware. The company holds multiple U.S. patents and complies with industry standards including STQC and FBI biometric certification. Its solutions are deployed by government organisations and enterprises in more than 50 countries. Ambit Private Limited served as the exclusive financial adviser for the transaction.
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Ahmedabad (Gujarat) [India], November 25: Mantra Softech, an Indian deep-tech company focused on identity management, security systems and computer vision, has raised USD 14 million in its first institutional investment round. The funding was led by India SME Fund II, with participation from Motilal Oswal Principal Investments. The company said the capital will be directed towards strengthening its research and development programmes, expanding its intellectual property portfolio, and establishing a dedicated Center of Excellence for AI-powered computer vision and security technologies. "This investment represents a significant step in our long-term strategy to build globally competitive technologies from India," said Hiren Bhandari, Co-Founder, Mantra Softech. "We are focusing on advanced R&D, core engineering talent, and systems that can support large-scale authentication and security applications." Mantra Softech develops biometric devices, access control infrastructure and AI-driven identity platforms used in high-security and high-volume environments. Its hardware and software solutions have been adopted across aviation, defence, financial services, workforce management and digital public infrastructure. The company's technologies are currently deployed in airport employee access systems, DigiYatra-linked identity solutions, defence identity management, and enterprise workforce authentication projects. According to the company, more than 20 of India's top 100 corporates use its platforms for secure access, compliance and operational efficiency. "We are expanding into new aviation and industrial projects and increasing our presence in international markets, particularly in the Middle East," said Bhavyen Bhandari, Co-Founder, Mantra Softech. Explaining the rationale behind the investment, Mitin Jain, Founder and Managing Director of India SME Fund II, said: "Our partnership with Mantra Softech is backed by their consistent execution in biometric and security technologies. Their experience in national identity and critical infrastructure initiatives positions them well for the next phase of growth." About Mantra Softech Founded in 2006, Mantra Softech designs and manufactures biometric sensors, RFID-based systems, access control terminals and AI-enabled IoT hardware. The company holds multiple U.S. patents and complies with industry standards including STQC and FBI biometric certification. Its solutions are deployed by government organisations and enterprises in more than 50 countries. Ambit Private Limited served as the exclusive financial adviser for the transaction.
Business
Ahmedabad (Gujarat) [India], November 25: Mantra Softech, an Indian deep-tech company focused on identity management, security systems and computer vision, has raised USD 14 million in its first institutional investment round. The funding was led by India SME Fund II, with participation from Motilal Oswal Principal Investments. The company said the capital will be directed towards strengthening its research and development programmes, expanding its intellectual property portfolio, and establishing a dedicated Center of Excellence for AI-powered computer vision and security technologies. "This investment represents a significant step in our long-term strategy to build globally competitive technologies from India," said Hiren Bhandari, Co-Founder, Mantra Softech. "We are focusing on advanced R&D, core engineering talent, and systems that can support large-scale authentication and security applications." Mantra Softech develops biometric devices, access control infrastructure and AI-driven identity platforms used in high-security and high-volume environments. Its hardware and software solutions have been adopted across aviation, defence, financial services, workforce management and digital public infrastructure. The company's technologies are currently deployed in airport employee access systems, DigiYatra-linked identity solutions, defence identity management, and enterprise workforce authentication projects. According to the company, more than 20 of India's top 100 corporates use its platforms for secure access, compliance and operational efficiency. "We are expanding into new aviation and industrial projects and increasing our presence in international markets, particularly in the Middle East," said Bhavyen Bhandari, Co-Founder, Mantra Softech. Explaining the rationale behind the investment, Mitin Jain, Founder and Managing Director of India SME Fund II, said: "Our partnership with Mantra Softech is backed by their consistent execution in biometric and security technologies. Their experience in national identity and critical infrastructure initiatives positions them well for the next phase of growth." About Mantra Softech Founded in 2006, Mantra Softech designs and manufactures biometric sensors, RFID-based systems, access control terminals and AI-enabled IoT hardware. The company holds multiple U.S. patents and complies with industry standards including STQC and FBI biometric certification. Its solutions are deployed by government organisations and enterprises in more than 50 countries. Ambit Private Limited served as the exclusive financial adviser for the transaction.
Health
Ahmedabad (Gujarat) [India], November 25: Mantra Softech, an Indian deep-tech company focused on identity management, security systems and computer vision, has raised USD 14 million in its first institutional investment round. The funding was led by India SME Fund II, with participation from Motilal Oswal Principal Investments. The company said the capital will be directed towards strengthening its research and development programmes, expanding its intellectual property portfolio, and establishing a dedicated Center of Excellence for AI-powered computer vision and security technologies. "This investment represents a significant step in our long-term strategy to build globally competitive technologies from India," said Hiren Bhandari, Co-Founder, Mantra Softech. "We are focusing on advanced R&D, core engineering talent, and systems that can support large-scale authentication and security applications." Mantra Softech develops biometric devices, access control infrastructure and AI-driven identity platforms used in high-security and high-volume environments. Its hardware and software solutions have been adopted across aviation, defence, financial services, workforce management and digital public infrastructure. The company's technologies are currently deployed in airport employee access systems, DigiYatra-linked identity solutions, defence identity management, and enterprise workforce authentication projects. According to the company, more than 20 of India's top 100 corporates use its platforms for secure access, compliance and operational efficiency. "We are expanding into new aviation and industrial projects and increasing our presence in international markets, particularly in the Middle East," said Bhavyen Bhandari, Co-Founder, Mantra Softech. Explaining the rationale behind the investment, Mitin Jain, Founder and Managing Director of India SME Fund II, said: "Our partnership with Mantra Softech is backed by their consistent execution in biometric and security technologies. Their experience in national identity and critical infrastructure initiatives positions them well for the next phase of growth." About Mantra Softech Founded in 2006, Mantra Softech designs and manufactures biometric sensors, RFID-based systems, access control terminals and AI-enabled IoT hardware. The company holds multiple U.S. patents and complies with industry standards including STQC and FBI biometric certification. Its solutions are deployed by government organisations and enterprises in more than 50 countries. Ambit Private Limited served as the exclusive financial adviser for the transaction.
lifestyle
Ahmedabad (Gujarat) [India], November 25: Mantra Softech, an Indian deep-tech company focused on identity management, security systems and computer vision, has raised USD 14 million in its first institutional investment round. The funding was led by India SME Fund II, with participation from Motilal Oswal Principal Investments. The company said the capital will be directed towards strengthening its research and development programmes, expanding its intellectual property portfolio, and establishing a dedicated Center of Excellence for AI-powered computer vision and security technologies. "This investment represents a significant step in our long-term strategy to build globally competitive technologies from India," said Hiren Bhandari, Co-Founder, Mantra Softech. "We are focusing on advanced R&D, core engineering talent, and systems that can support large-scale authentication and security applications." Mantra Softech develops biometric devices, access control infrastructure and AI-driven identity platforms used in high-security and high-volume environments. Its hardware and software solutions have been adopted across aviation, defence, financial services, workforce management and digital public infrastructure. The company's technologies are currently deployed in airport employee access systems, DigiYatra-linked identity solutions, defence identity management, and enterprise workforce authentication projects. According to the company, more than 20 of India's top 100 corporates use its platforms for secure access, compliance and operational efficiency. "We are expanding into new aviation and industrial projects and increasing our presence in international markets, particularly in the Middle East," said Bhavyen Bhandari, Co-Founder, Mantra Softech. Explaining the rationale behind the investment, Mitin Jain, Founder and Managing Director of India SME Fund II, said: "Our partnership with Mantra Softech is backed by their consistent execution in biometric and security technologies. Their experience in national identity and critical infrastructure initiatives positions them well for the next phase of growth." About Mantra Softech Founded in 2006, Mantra Softech designs and manufactures biometric sensors, RFID-based systems, access control terminals and AI-enabled IoT hardware. The company holds multiple U.S. patents and complies with industry standards including STQC and FBI biometric certification. Its solutions are deployed by government organisations and enterprises in more than 50 countries. Ambit Private Limited served as the exclusive financial adviser for the transaction.
Fashion
Ahmedabad (Gujarat) [India], November 25: Mantra Softech, an Indian deep-tech company focused on identity management, security systems and computer vision, has raised USD 14 million in its first institutional investment round. The funding was led by India SME Fund II, with participation from Motilal Oswal Principal Investments. The company said the capital will be directed towards strengthening its research and development programmes, expanding its intellectual property portfolio, and establishing a dedicated Center of Excellence for AI-powered computer vision and security technologies. "This investment represents a significant step in our long-term strategy to build globally competitive technologies from India," said Hiren Bhandari, Co-Founder, Mantra Softech. "We are focusing on advanced R&D, core engineering talent, and systems that can support large-scale authentication and security applications." Mantra Softech develops biometric devices, access control infrastructure and AI-driven identity platforms used in high-security and high-volume environments. Its hardware and software solutions have been adopted across aviation, defence, financial services, workforce management and digital public infrastructure. The company's technologies are currently deployed in airport employee access systems, DigiYatra-linked identity solutions, defence identity management, and enterprise workforce authentication projects. According to the company, more than 20 of India's top 100 corporates use its platforms for secure access, compliance and operational efficiency. "We are expanding into new aviation and industrial projects and increasing our presence in international markets, particularly in the Middle East," said Bhavyen Bhandari, Co-Founder, Mantra Softech. Explaining the rationale behind the investment, Mitin Jain, Founder and Managing Director of India SME Fund II, said: "Our partnership with Mantra Softech is backed by their consistent execution in biometric and security technologies. Their experience in national identity and critical infrastructure initiatives positions them well for the next phase of growth." About Mantra Softech Founded in 2006, Mantra Softech designs and manufactures biometric sensors, RFID-based systems, access control terminals and AI-enabled IoT hardware. The company holds multiple U.S. patents and complies with industry standards including STQC and FBI biometric certification. Its solutions are deployed by government organisations and enterprises in more than 50 countries. Ambit Private Limited served as the exclusive financial adviser for the transaction.
Technology
Ahmedabad (Gujarat) [India], November 25: Mantra Softech, an Indian deep-tech company focused on identity management, security systems and computer vision, has raised USD 14 million in its first institutional investment round. The funding was led by India SME Fund II, with participation from Motilal Oswal Principal Investments. The company said the capital will be directed towards strengthening its research and development programmes, expanding its intellectual property portfolio, and establishing a dedicated Center of Excellence for AI-powered computer vision and security technologies. "This investment represents a significant step in our long-term strategy to build globally competitive technologies from India," said Hiren Bhandari, Co-Founder, Mantra Softech. "We are focusing on advanced R&D, core engineering talent, and systems that can support large-scale authentication and security applications." Mantra Softech develops biometric devices, access control infrastructure and AI-driven identity platforms used in high-security and high-volume environments. Its hardware and software solutions have been adopted across aviation, defence, financial services, workforce management and digital public infrastructure. The company's technologies are currently deployed in airport employee access systems, DigiYatra-linked identity solutions, defence identity management, and enterprise workforce authentication projects. According to the company, more than 20 of India's top 100 corporates use its platforms for secure access, compliance and operational efficiency. "We are expanding into new aviation and industrial projects and increasing our presence in international markets, particularly in the Middle East," said Bhavyen Bhandari, Co-Founder, Mantra Softech. Explaining the rationale behind the investment, Mitin Jain, Founder and Managing Director of India SME Fund II, said: "Our partnership with Mantra Softech is backed by their consistent execution in biometric and security technologies. Their experience in national identity and critical infrastructure initiatives positions them well for the next phase of growth." About Mantra Softech Founded in 2006, Mantra Softech designs and manufactures biometric sensors, RFID-based systems, access control terminals and AI-enabled IoT hardware. The company holds multiple U.S. patents and complies with industry standards including STQC and FBI biometric certification. Its solutions are deployed by government organisations and enterprises in more than 50 countries. Ambit Private Limited served as the exclusive financial adviser for the transaction.
Education
Ahmedabad (Gujarat) [India], November 25: Mantra Softech, an Indian deep-tech company focused on identity management, security systems and computer vision, has raised USD 14 million in its first institutional investment round. The funding was led by India SME Fund II, with participation from Motilal Oswal Principal Investments. The company said the capital will be directed towards strengthening its research and development programmes, expanding its intellectual property portfolio, and establishing a dedicated Center of Excellence for AI-powered computer vision and security technologies. "This investment represents a significant step in our long-term strategy to build globally competitive technologies from India," said Hiren Bhandari, Co-Founder, Mantra Softech. "We are focusing on advanced R&D, core engineering talent, and systems that can support large-scale authentication and security applications." Mantra Softech develops biometric devices, access control infrastructure and AI-driven identity platforms used in high-security and high-volume environments. Its hardware and software solutions have been adopted across aviation, defence, financial services, workforce management and digital public infrastructure. The company's technologies are currently deployed in airport employee access systems, DigiYatra-linked identity solutions, defence identity management, and enterprise workforce authentication projects. According to the company, more than 20 of India's top 100 corporates use its platforms for secure access, compliance and operational efficiency. "We are expanding into new aviation and industrial projects and increasing our presence in international markets, particularly in the Middle East," said Bhavyen Bhandari, Co-Founder, Mantra Softech. Explaining the rationale behind the investment, Mitin Jain, Founder and Managing Director of India SME Fund II, said: "Our partnership with Mantra Softech is backed by their consistent execution in biometric and security technologies. Their experience in national identity and critical infrastructure initiatives positions them well for the next phase of growth." About Mantra Softech Founded in 2006, Mantra Softech designs and manufactures biometric sensors, RFID-based systems, access control terminals and AI-enabled IoT hardware. The company holds multiple U.S. patents and complies with industry standards including STQC and FBI biometric certification. Its solutions are deployed by government organisations and enterprises in more than 50 countries. Ambit Private Limited served as the exclusive financial adviser for the transaction.
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Ahmedabad (Gujarat) [India], November 25: Mantra Softech, an Indian deep-tech company focused on identity management, security systems and computer vision, has raised USD 14 million in its first institutional investment round. The funding was led by India SME Fund II, with participation from Motilal Oswal Principal Investments. The company said the capital will be directed towards strengthening its research and development programmes, expanding its intellectual property portfolio, and establishing a dedicated Center of Excellence for AI-powered computer vision and security technologies. "This investment represents a significant step in our long-term strategy to build globally competitive technologies from India," said Hiren Bhandari, Co-Founder, Mantra Softech. "We are focusing on advanced R&D, core engineering talent, and systems that can support large-scale authentication and security applications." Mantra Softech develops biometric devices, access control infrastructure and AI-driven identity platforms used in high-security and high-volume environments. Its hardware and software solutions have been adopted across aviation, defence, financial services, workforce management and digital public infrastructure. The company's technologies are currently deployed in airport employee access systems, DigiYatra-linked identity solutions, defence identity management, and enterprise workforce authentication projects. According to the company, more than 20 of India's top 100 corporates use its platforms for secure access, compliance and operational efficiency. "We are expanding into new aviation and industrial projects and increasing our presence in international markets, particularly in the Middle East," said Bhavyen Bhandari, Co-Founder, Mantra Softech. Explaining the rationale behind the investment, Mitin Jain, Founder and Managing Director of India SME Fund II, said: "Our partnership with Mantra Softech is backed by their consistent execution in biometric and security technologies. Their experience in national identity and critical infrastructure initiatives positions them well for the next phase of growth." About Mantra Softech Founded in 2006, Mantra Softech designs and manufactures biometric sensors, RFID-based systems, access control terminals and AI-enabled IoT hardware. The company holds multiple U.S. patents and complies with industry standards including STQC and FBI biometric certification. Its solutions are deployed by government organisations and enterprises in more than 50 countries. Ambit Private Limited served as the exclusive financial adviser for the transaction.

Business
0
Closed
2 min read

Mantra Softech Secures USD 14 Million in Private Equity to Advance Innovation in Identity, Security and AI

Ahmedabad (Gujarat) [India], November 25: Mantra Softech, an Indian deep-tech company focused on identity management, security systems and computer vision, has raised USD 14 million in its first institutional investment round. The funding was led by India SME Fund II, with participation from Motilal Oswal Principal Investments.

The company said the capital will be directed towards strengthening its research and development programmes, expanding its intellectual property portfolio, and establishing a dedicated Center of Excellence for AI-powered computer vision and security technologies.

“This investment represents a significant step in our long-term strategy to build globally competitive technologies from India,” said Hiren Bhandari, Co-Founder, Mantra Softech. “We are focusing on advanced R&D, core engineering talent, and systems that can support large-scale authentication and security applications.”

Mantra Softech develops biometric devices, access control infrastructure and AI-driven identity platforms used in high-security and high-volume environments. Its hardware and software solutions have been adopted across aviation, defence, financial services, workforce management and digital public infrastructure.

The company’s technologies are currently deployed in airport employee access systems, DigiYatra-linked identity solutions, defence identity management, and enterprise workforce authentication projects. According to the company, more than 20 of India’s top 100 corporates use its platforms for secure access, compliance and operational efficiency.

“We are expanding into new aviation and industrial projects and increasing our presence in international markets, particularly in the Middle East,” said Bhavyen Bhandari, Co-Founder, Mantra Softech.

Explaining the rationale behind the investment, Mitin Jain, Founder and Managing Director of India SME Fund II, said:

“Our partnership with Mantra Softech is backed by their consistent execution in biometric and security technologies. Their experience in national identity and critical infrastructure initiatives positions them well for the next phase of growth.”

About Mantra Softech

Founded in 2006, Mantra Softech designs and manufactures biometric sensors, RFID-based systems, access control terminals and AI-enabled IoT hardware. The company holds multiple U.S. patents and complies with industry standards including STQC and FBI biometric certification. Its solutions are deployed by government organisations and enterprises in more than 50 countries.

Ambit Private Limited served as the exclusive financial adviser for the transaction.

Technology
0
Closed
3 min read

Bitscape Achieves Status as a Microsoft Solutions Partner for the Microsoft Cloud

Ahmedabad, CA – Bitscape, a global technology solutions provider, proudly announces its recent achievement becoming a Microsoft Solutions Partner for the Microsoft Cloud. This represents Bitscape’s expertise across the Microsoft ecosystem and its continuous commitment to delivering comprehensive cloud solutions.

Bitscape has demonstrated competence and innovation by attaining all six Microsoft Solution Area badges, including Security, Business Applications, Modern Work, Digital & App Innovation (Azure), Data & AI (Azure), and Infrastructure (Azure). Achieving this accomplishment validates Bitscape’s comprehensive skill set and ability to use the Microsoft Cloud to serve clients’ evolving needs.

“With our dedicated team’s unwavering commitment, we’ve reached a milestone that sets us apart in the industry,” said Kartik Shah, CEO of Bitscape. “Our success in achieving the Microsoft Solutions Partner for the Microsoft Cloud badge exemplifies our dedication to stay ahead of the curve and deliver value-driven solutions to our customers. We are committed to continuing our pursuit of excellence, ensuring our customers get the most out of their investment in Microsoft technology.“

In addition to this, Bitscape holds seven specializations, encompassing all four Microsoft Security specializations. The company also was recognized as a Microsoft Azure Expert Managed Service Provider (MSP), which further attests to its robust capabilities and customer-centric approach.

“Together with Microsoft, we are helping businesses transform and embrace digital innovation,” added COO of Bitscape, Greg Kachhadiya. “We are honored to be among the group of partners that have achieved this esteemed status. This accomplishment reflects our expertise in Microsoft technologies and our commitment to delivering innovative, secure, and scalable solutions that drive business success.“

Venkat Krishnan, Executive Director, Global Partner Solutions Microsoft India, said, “This achievement is a testament to Bitscape’s continuous evolution and ability to deliver state-of-the-art cloud services. With these advancements, Bitscape will be able to unlock vast opportunities by further enhancing their service delivery and driving transformative digital experiences for customers.”

About Bitscape:

Bitscape is a global technology solutions provider specializing in delivering cutting-edge IT solutions that leverage the latest Microsoft technologies. With a customer-centric approach and a dedicated team of Microsoft-certified professionals, Bitscape offers a wide range of IT solutions, including cloud services, security, business applications, data & AI, and infrastructure. For more information about Bitscape and its services, please visit www.bitscape.com.

Contact:

Manager of Communications: info@bitscape.com
Phone (USA) : 1-844-294-5383
(Canada) : 1-289-290-4490
(India) : +91-7069043269

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Mantra Softech Secures USD 14 Million in Private Equity to Advance Innovation in Identity, Security and AI