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Deep-tech startup VyomIC bags $1.6 Mn led by Speciale Invest

EntrackrEntrackr · 1m ago
Deep-tech startup VyomIC bags $1.6 Mn led by Speciale Invest
Medial

Deep-tech startup VyomIC has raised Rs 14 crore (about $1.6M) in a pre-seed funding round led by Speciale Invest along with participation from BYT Capital and DeVC. The proceeds will be used to advance the development of its LEO-based PNT (Positioning, Navigation, and Timing) payload, support its spaceborne demonstration mission, and scale team hiring and business development efforts, VyomIC said in a press release. Co-founded by Lokesh Kabdal, Vibhor Jain and Anurag Patil, VyomIC builds satellite constellations to deliver highly accurate, secure, and sovereign Positioning, Navigation, and Timing (PNT) services from Low Earth Orbit. It aims to power the next generation of autonomous systems, secure infrastructure, and mission-critical operations with centimeter-level positioning and nanosecond-level timing without relying on foreign-controlled navigation networks like GPS or GLONASS. VyomIC’s LEO-PNT system integrates onboard atomic clocks, encrypted signal layers, and AI-powered orbit determination algorithms to offer real-time, high-integrity navigation, especially in urban, contested, or GNSS-denied environments. Its signal architecture is designed to be jamming-resistant and spoofing-proof, making it ideal for defence, finance, aerospace, telecom, and beyond. The Chennai-based company’s technology aims to deliver spoofing-proof and jamming-resistant signals, overcoming the fragility of existing systems like GPS, GLONASS. With LEO satellites, the system offers high precision, faster convergence, stronger signal power, and better coverage in urban and signal contested environments. VyomIC plans to launch a full-fledged constellation to serve global users with secure, real-time navigation and timing services.

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Deep-tech startups must explore alternative funding options, says VC report

Economic TimesEconomic Times · 10m ago
Deep-tech startups must explore alternative funding options, says VC report
Medial

The average seed check size for Indian deep tech deals has increased significantly in the past eight years, driven by government support and growing confidence from venture capitalists, according to a study by Speciale Invest. However, deep tech startups still need to explore alternative funding options during their initial stages. The report highlights the need for greater funding in Indian deep tech startups and encourages Indian corporations to embrace innovation through acquisitions. Sectors such as space, semiconductors, energy, health, and advanced manufacturing are expected to experience significant growth. The report also emphasizes the importance of building a robust deep tech ecosystem and planning for exits to improve investor confidence.

Dashamlabs raises Rs 12 Cr in seed round led by Speciale Invest

EntrackrEntrackr · 6d ago
Dashamlabs raises Rs 12 Cr in seed round led by Speciale Invest
Medial

Snippets Dashamlabs raises Rs 12 Cr in seed round led by Speciale Invest Co-founded in 2024 by Ankit Jhanwar, Apoorv Balwani, and Devakar Dhingra, Dashamlabs is a deep-tech materials company manufacturing silica-aerogel-based flexible sheets and insulation materials. Dashamlabs, a materials science company pioneering high-performance silica aerogel insulation materials, has raised Rs 12 crore in a seed funding round led by Speciale Invest, with participation from IIMA Ventures. The proceeds will be used to expand its R&D and production capacity, build pilot systems and collaborate with partners across oil & gas, EVs, defense, and construction to validate and scale its aerogel products, Dashamlabs said in a press release. According to the Delhi-based startup, its proprietary technology enables the production of flexible silica aerogel sheets with ultra-low thermal conductivity, high-temperature stability (from -150°C to 1000°C), hydrophobicity, and fire resistance. The company focuses on optimizing ethanol-based supercritical drying while advancing toward ambient-pressure drying for scalable and cost-efficient mass production. “We’re on a mission to make energy-efficient materials accessible across industries. By scaling advanced aerogels made in India, we aim to enable cleaner, safer, and more efficient technologies globally,” said Ankit Jhanwar, co-founder & CEO of Dashamlabs.

Morphing Machines raises $2.76 Mn in seed round

EntrackrEntrackr · 1y ago
Morphing Machines raises $2.76 Mn in seed round
Medial

Fabless semiconductor startup Morphing Machines has raised $2.76 million in its seed round led by Speciale Invest, a seed stage VC investing in deep technologies. The round also saw participation from IvyCap Ventures, Golden Sparrow, Navam Capital, CIIE Initiatives, and DeVC. The proceeds will be used to ramp up product development and prototyping, expand the engineering team, and support go-to-market initiatives, the company said in a press release. Supported by the Ministry of Electronics & Information Technology (MeitY) under the Design Linked Incentive Scheme (DLI) and Chips2Startup (C2S) schemes, Morphing Machines is developing REDEFINE, a many-core processor Soft IP. This processor can handle various applications like data analysis, artificial intelligence, telecommunications, and high-performance computing. By combining functions typically managed by different types of processors, Morphing offers customers better performance and energy efficiency, while also reducing the time and cost needed to bring products to market. Currently, Morphing Machines has a team of over 20 members and is expanding to over 40 members to support design, verification, emulation, and tape-out processes.

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