Avataar Venture led a $30m Series B round in Intangles.

Avataar Venture, growth-stage venture capital fund, led a $30m Series B round in Intangles, a developer of a predictive analytics platform, with participation from Baring Private Equity India and Cactus Partners. “Intangles targets the most critical and hard-to-solve problem of providing truly predictive maintenance for fleet owners through its AI platform. This is a global problem, and we have not seen any other players crack this problem the way Intangles has, which is reflected in the quality of the client logos we see in geographies such as North America and Europe,” Anirudh Singh, Avataar Venture Partners Partner.