India, Feb. 19 -- New Delhi-based Probus Smart Things has secured $5 Mn (INR 41 Cr) in a Series A1 round led by Unicorn India Ventures, with participation from US-based and Indian family offices. The round includes both equity and debt financing.

The deeptech startup will use the capital to scale its communications technology for smart grids and integrate AI capabilities. It also plans to expand its dual communications network interface modules for smart metering, according to a statement from the company.

Founded in 2016, by Anand Singh and Ankit Vaish, Probus develops hardware and software solutions that help power utilities digitise their distribution grids. Its technology enables utilities to monitor their networks and automate powe...