Singapore-based growth equity firm Panthera Growth Partners will make a $30 million investment in Innefu Labs, an Indian artificial intelligence (AI) company focused on national security, positioning the firm for an IPO and accelerating its expansion into international markets.
In a statement on Friday, the Singaporean partner said the investment was completed through a combination of primary and secondary transactions from its second fund.
Proceeds will fund global market expansion, deep-tech research and development, advancement of Innefu’s proprietary Agentic AI platform, establishment of a Physical AI and robotics wing, and development of sovereign AI infrastructure with secure, domain-specialised language models, according to Panthera.
Innefu Labs has built and deployed AI platforms across defence, intelligence, law enforcement, revenue intelligence, and large enterprise clients in India. 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 an open-source intelligence and deep web fusion platform for law enforcement and defence agencies. The company has secured a growing pool of contracts valued at $10 million and above.
Tarun Wig, co-founder and CEO of Innefu Labs, said the new funding would accelerate its push to build the technological backbone of a secure and self-reliant India.
Shilpa Kulkarni, Founder and Managing Partner of Panthera Growth Partners, said the investment decision was based on Innefu’s proprietary technology, deep domain expertise, and proven track record in mission-critical environments.
Panthera’s second fund is backed by institutional investors from India, the European Union, and the United States, and focuses on growth-stage companies across India and Southeast Asia with an average capital allocation of $20 million per company.
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