Hyderabad-based Brihaspathi Technologies Raises USD 10 Million, Secures MSRTC Project, and Announces IPO Plans

The company to deploy AI-powered security systems for MSRTC; prepares for IPO with a new 72,000 sq ft manufacturing unit and 400+ new hires planned

Brihaspathi Technologies Limited, a Hyderabad-headquartered leader in AI surveillance technology, has raised USD 10 million from foreign institutional investors to drive its next phase of growth. The funds will support a new 72,000 sq ft CCTV manufacturing facility in Hyderabad, expected to begin operations by March 2026.
The company plans to hire more than 400 staff across production, research, engineering and operations. It is preparing for an initial public offering during the 2026-27 fiscal year, with capital earmarked for R&D, factory expansion and AI innovation.
Brihaspathi has also secured a landmark contract to equip the Maharashtra State Road Transport Corporation with AI-enabled surveillance cameras and real-time monitoring systems. This public sector win reinforces Brihaspathi’s growing presence in national-scale infrastructure projects.

To date, the firm has deployed over 1.2 million CCTV cameras across India. This includes surveillance for the Border Security Force, AI-based classroom monitoring systems, wildlife park deployments, and the deployment of 64,000 cameras in a single day across 19 states during the NEET examination.
The company expects approximately 30 percent year-on-year revenue growth in the current fiscal period. Its pan-India presence, with GST-enabled offices in 19 states and a young skilled workforce, positions it as one of the first Indian surveillance solution providers to draw foreign institutional investment.

Rajasekhar Papolu, Managing Director of Brihaspathi Technologies, said this funding marks a transformational milestone. He highlighted that the new factory and the MSRTC surveillance project underscore Brihaspathi’s ability to deliver large-scale AI-driven security infrastructure. “As we get ready for our IPO next year, we remain focused on accelerating research innovation and enhancing manufacturing capacity,” he added.
With products that include AI-powered video analytics, solar surveillance cameras and smart city grade platforms, Brihaspathi is preparing to lead India’s homegrown surveillance revolution. The company’s official website provides detailed insights into its range of solutions and ongoing projects.

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