IoT start-up CRON Systems, which services the defence sector, has raised pre-series A funding from venture capital firm YourNest.

YourNest is an early stage venture capital fund that invests in the new economy in areas such as IoT, Electronic System Design, Artificial Intelligence, Advanced Robotics, Enterprise Software and the mobile Internet.

While CRON did not disclose the total amount of funding, its technology is used by the Border Security Force (BSF) and the Indian Army to secure the borders as well as the perimeter of sensitive installations such as army camps and airports. The fund infusion will help it strengthen R&D, hire talent and explore new markets across West Asia, Africa and Europe, company executives said. The company has been founded by Tushar Chhabra, Saurav Agarwala and Tommy Katzenellenbogen.

CRON Systems develops IoT and laser-guided intrusion detection systems that can distinguish and report both human and mechanical intrusions. The start-up recently partnered with an Israeli company to develop automated patrolling rovers and trucks that can help save human lives on the borders. “Our mandate is to invest in deep tech and innovative companies in the sectors of tomorrow, investment in CRON perfectly fits our investment thesis,” said Girish Shivani, co-founder, Executive Director and Fund Manager, YourNest India VC Fund.

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