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- Wed, 8 July 2026
Goa based Adage Automation has raised Rs 230 crore in a funding round led by InCred Alternative Investments through its InCred Growth Partners Fund, which invested Rs 180 crore. The round also included participation from Global South Capital and Prachetas Capital.
The investment marks a significant milestone for the company as it prepares for its next phase of technology development and international expansion.
Industrial automation is entering a new phase where AI, digital monitoring, and predictive maintenance are becoming essential for manufacturers worldwide.
Companies that combine engineering expertise with intelligent software are increasingly well positioned to support industries facing stricter environmental regulations and growing efficiency requirements.
Founded in 2001, Adage Automation develops advanced gas analyser systems used in process analytics and environmental monitoring.
Its solutions serve industries including oil and gas, steel, cement, chemicals, power, energy, and other process sectors through engineering, manufacturing, system integration, and lifecycle services.
The newly raised capital will support investments in AI powered industrial software, advanced engineering capabilities, digital monitoring platforms, manufacturing expansion, and global operations.
The company also plans to strengthen its presence across the Middle East, Africa, Europe, and the United States while expanding its technology portfolio.
Adage Automation aims to help industrial customers improve operational efficiency, predictive maintenance, regulatory compliance, and sustainability through advanced analytical technologies.
The latest investment positions the company to accelerate innovation while strengthening its role in the global industrial technology market.
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