Adage Automation raises Rs 230 Cr to accelerate AI-led industrial expansion

Adage Automation, an industrial technology company specialising in gas analytics and environmental monitoring systems, has raised Rs 230 crore in a growth funding round led by InCred Growth Partners Fund, the private equity platform of InCred Alternative Investments. InCred invested Rs 180 crore in the round, while Global South Capital, a private equity fund focused on industrial and manufacturing businesses, and growth investor Prachetas Capital also participated.