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Coratia Technologies raises Rs 5 Cr led by Piper Serica Angel Fund

EntrackrEntrackr · 5d ago
Coratia Technologies raises Rs 5 Cr led by Piper Serica Angel Fund
Medial

Coratia Technologies raises Rs 5 Cr led by Piper Serica Angel Fund Deep tech startup Coratia Technologies, an indigenous underwater robotics company, has raised Rs 5 crore (around $563,000) in a funding round led by Piper Serica Angel Fund. Its existing investors include MGF Kavachh and Pontaq Ventures, which jointly invested over Rs 17 crore in July 2025 to support India’s strategic autonomy in underwater and subsea robotics. The fresh funding follows Coratia’s recent Rs 66 crore contract from the Indian Navy for its indigenously developed Underwater Remotely Operated Vehicle (UWROV) named Jalasimha. The proceeds will be used to strengthen in-house research and development, expand manufacturing capacity, upgrade product lines, and explore international markets, the company said in a press release. Co-founded by Debendra Pradhan and Biswajit Swain, Coratia Technologies is incubated at NIT Rourkela and develops advanced autonomous underwater vehicles for defence and industrial applications. Its flagship systems include Jalasimha, Jaladuta, Oceanus and Navya. The Odisha-based startup has executed projects with the Indian Railways and IOCL Paradip. It was also recently invited to Brunei Darussalam, one of Southeast Asia’s largest oil producers, to demonstrate its robotic systems for subsea inspections and maintenance of offshore energy infrastructure. “This investment supports our vision to transform underwater robotics and strengthen India’s position in the global blue economy. Our focus is on building a global supply chain from India and exporting indigenously developed capabilities that address both strategic and commercial needs,” said Debendra Pradhan, co-founder and CEO of Coratia Technologies.

EON Space Labs bags $1.2 Mn in pre-Series A round

EntrackrEntrackr · 3m ago
EON Space Labs bags $1.2 Mn in pre-Series A round
Medial

EON Space Labs, a Hyderabad-based deeptech startup, specialising in imaging technologies, has raised $1.2 million (approx Rs 10.5 crore) in a pre-Series A funding round led by MGF Kavachh along with participation from HHV Advanced Technologies. The proceeds will be deployed to scale manufacturing of its AI-driven electro-optical and infrared payloads, expand the engineering team, and support upcoming product launches, EON said in a press release. Co-founded in 2022 by Sanjay Kumar, Punit Badeka, and Manoj Kumar Gaddam, EON Space Labs is an IIT Madras incubated deeptech startup developing next-generation Earth Observation (EO) imaging payloads for satellites, drones, and ground systems. The startup designs and manufactures miniaturised high-resolution electro-optic and infrared (EO/IR) systems that are up to three times lighter and more compact than conventional payloads, reducing deployment costs without compromising image quality. EON’s flagship products, the MIRA space telescope, which is under validation, and the LUMIRA EO/IR platform, which has been certified to military standards, showcase its vertically integrated model from optical design to in-house prototyping and manufacturing which ensures speed, precision, and control across the entire value chain. The startup is also building global partnerships to tap international markets, with multiple commercial orders already secured following successful proof of concept demonstrations. It plans to launch four new variants of its LUMIRA EO/IR imaging systems, designed for long-range detection of humans, vehicles, threats, and UAVs through drone and ground-based surveillance platforms.

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