Vehant Technologies raises $9 million from True North through NCDs, plans IPO by 2026

Vehant Technologies, AI-based security provider, raised $9 million through non-convertible debentures (NCDs) from True North's Private Credit fund. The company plans to allocate 75% of the funds to research and development activities in aviation security, smart cities, and enterprise analytics. It also aims to expand exports to key markets in the Middle East and Europe.