Mantra Softech Raises USD 14 Million to Accelerate Next-Generation Identity, Security, and AI Innovation

Mantra Softech, an Indian deep-tech enterprise specializing in identity management, security systems, and computer vision, has raised USD 14 million in its first institutional funding round. The investment was led by India SME Fund II, with participation from Motilal Oswal Principal Investments.

The capital will be utilized to enhance the company's research and development initiatives, expand its intellectual property portfolio, and establish a dedicated Center of Excellence focused on AI-driven computer vision and security technologies. These initiatives are aligned with Mantra Softech's long-term strategy of building scalable, globally competitive platforms from India.

"This investment is an important milestone in our growth journey," said Hiren Bhandari, Co-Founder, Mantra Softech. "It will enable us to further strengthen advanced R&D, attract and retain core engineering talent, and develop systems capable of supporting large-scale authentication and security deployments."

Mantra Softech designs and delivers biometric devices, access-control infrastructure, and AI-enabled identity platforms deployed in high-security and high-volume environments. Its solutions are widely used across aviation, defence, financial services, workforce management, and digital public infrastructure. Current deployments include airport employee access systems, DigiYatra-linked identity solutions, defence identity management programs, and enterprise workforce authentication projects. According to the company, more than 20 of India's top 100 corporates use its platforms to enhance security, compliance, and operational efficiency.

"We are expanding into new aviation and industrial programs while increasing our presence in international markets, particularly in the Middle East," said Bhavyen Bhandari, Co-Founder, Mantra Softech.

Explaining the investment rationale, Mitin Jain, Founder and Managing Director, India SME Fund II, stated, "Our investment in Mantra Softech is driven by the company's consistent execution in biometric and security technologies and its proven experience in national identity and critical-infrastructure initiatives."

Ambit Private Limited acted as the exclusive financial advisor to Mantra Softech for this transaction.

Mantra Softech
B203 Shapath Hexa,
S. G Highway, AHmedabad
Gujarat
+917949068001

About Mantra Softech
Founded in 2006, Mantra Softech designs and manufactures biometric sensors, RFID-based systems, access-control terminals, and AI-enabled IoT hardware. The company holds multiple U.S. patents and complies with global standards including STQC and FBI biometric certifications. Its solutions are deployed by government organizations and enterprises across more than 50 countries.

This release was published on openPR.