Singapore-based growth equity firm Panthera Growth Partners has invested $30 million in Innefu Labs, an Indian artificial intelligence (AI) company focused on national and cyber security, as the company scales its sovereign AI platforms and prepares for an initial public offering.
The capital injection, completed through a combination of primary and secondary transactions from Panthera’s second fund, comes amid accelerating domestic procurement cycles driven by the Government of India’s Atmanirbhar Bharat mandates.
Innefu Labs creates indigenous platforms and multi-modal fusion systems currently deployed across defense, intelligence, law enforcement, revenue intelligence and large enterprise clients.
The company has also made initial successful forays in the Middle East, per the announcement.
The proceeds will fund Innefu’s next phase of global market expansion, alongside deep-tech research and development anchored in its AI-first, sovereign capabilities.
This includes advancing its proprietary Agentic AI platform, establishing a dedicated Physical AI robotics wing, and developing sovereign AI infrastructure with secure, domain-specialized language models built for high-trust environments.
The investment comes as India’s sovereign defense initiatives drive sharply increased domestic procurement of critical security technologies.
Innefu has seen momentum in a growing pool of $10 million-plus contracts spanning defense, intelligence, law enforcement and revenue intelligence operations.
Founded in 2010, Innefu is an AI-driven company in the field of national and cyber security.
It has more than 100 installations across the Indian subcontinent, the Middle East and Southeast Asia, and serves defense and intelligence organizations, law enforcement agencies, financial intelligence units, BFSI clients, and Fortune 500 companies.
Its deployments include India’s first National Terrorism Data Fusion Centre, Southeast Asia’s largest operational Intelligence Fusion Centre, revenue intelligence fusion platforms, predictive policing platforms, and indigenous open-source intelligence and deep web fusion platforms for law enforcement and defense agencies.
Panthera said its investment decision was based on Innefu’s proprietary technology, deep domain expertise and proven track record in high-stakes, mission-critical environments.
Panthera’s second fund is backed by institutional investors from India, the European Union and the United States.
The fund focuses on growth-stage companies with established product-market fit, deploying an average capital allocation of $20 million per company across India and Southeast Asia.