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Defence-tech startup Constelli raises $20 Mn led by General Catalyst

EntrackrEntrackr · 1d ago
Defence-tech startup Constelli raises $20 Mn led by General Catalyst
Medial

Defence technology startup Constelli has raised $20 million (approx Rs180 crore) in a funding round led by General Catalyst along with participation from 360 One Asset Management and existing investor Pravega Ventures. The Hyderabad-based company had earlier secured $3 million in a pre-Series A funding round back in January last year led by Pravega Ventures. The proceeds will be deployed towards product research and development focused on next-generation electronic warfare and communication payloads across platforms, including drones, ground systems, naval vessels and satellites, Constelli said in a press release. Co-founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, Constelli specializes in developing advanced signal processing solutions and tools that enhance the design, development, and testing of critical aerospace and defence systems. Constelli leverages modern technologies and advancements in hardware and software, modeling and simulation, and distributed computing to achieve transformation. The company focuses on enhancing technical sophistication and expediting the development lifecycle of payloads for airborne and ground defence platforms. The company's products and services are used globally by organizations developing radar and electronic warfare (EW) systems. It also serves India's Ministry of Defence, the Defence Research and Development Organisation (DRDO), and defence contractors in South Korea, Australia, and Singapore. Constelli plans to set up infrastructure for rapid prototyping and early-stage production to speed up deployment of field-ready systems.

Pravega Ventures leads $3 Mn pre-Series A round in Constelli

EntrackrEntrackr · 1y ago
Pravega Ventures leads $3 Mn pre-Series A round in Constelli
Medial

Pravega Ventures leads $3 Mn pre-Series A round in Constelli Aerospace and defence tech startup Constelli has raised $3 million in a pre-Series A funding round led by Pravega Ventures. This is the company's first institutional funding round. The proceeds will be deployed towards capital expenditure and research and development (R&D) of new products, Constelli said in a press release. Co-founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, Constelli specializes in developing advanced signal processing solutions and tools that enhance the design, development, and testing of critical aerospace and defence systems. According to the Hyderabad-based company, it leverages modern technologies and advancements in hardware and software, modeling and simulation, and distributed computing to achieve transformation. The company focuses on enhancing technical sophistication and expediting the development lifecycle of payloads for airborne and ground defence platforms. Constelli says that its products and services are used globally by organizations developing radar and electronic warfare (EW) systems. The company claims that it serves India's Ministry of Defence, the Defence Research and Development Organisation (DRDO), and defence contractors in South Korea, Australia, and Singapore. The other notable players in this space are NewSpace Research & Technologies, IdeaForge, Garuda Aerospace, and others.

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