Intangles secured $30M in Series B to scale its technology and expand into new regions

Intangles raised $30M in Series B funding led by Avataar Venture Partners, with participation from Baring Private Equity India and Cactus Partners. Founded in 2016, the AI-IoT company enables predictive vehicle health monitoring. Managing 400,000 vehicles across global markets, Intangles helps fleets save up to $10,000 per vehicle annually. The funding will boost technology upgrades and international expansion.