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Defence tech startup Unmannd raises $2 million in round led by Speciale Invest, Accel - The Economic Times

Economic Times

Economic Times · 2m ago

Defence tech startup Unmannd raises $2 million in round led by Speciale Invest, Accel - The Economic Times

Unmannd, a Bengaluru-based defence tech startup, secured $2 million in pre-seed funding from Speciale Invest and Accel. The funds aim to accelerate the commercialization of their aerial logistics platform Titan and develop their interceptor system, Fury, for the market. Unmannd focuses on manufacturing autonomous drones, including Titan for carrying supplies and Fury for detecting and neutralizing hostile drones. This investment supports their plans to scale the engineering team and explore export opportunities.

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German defence startup Helsing raises $693 million in latest investment round

Economic Times

Economic Times · 5m ago

German defence startup Helsing raises $693 million in latest investment round

German defence start-up Helsing raised 600 million euros in its latest investment round, led by Spotify founder Daniel Ek. This funding values Helsing at 12 billion euros, ranking it among Europe’s top five private tech companies. The round was spearheaded by Prima Materia, Ek’s investment company, doubling its initial stake. Other contributors include Lightspeed Ventures, Accel, Plural, General Catalyst, and SAAB. Helsing specializes in AI software for military applications amid increasing geopolitics-driven defence spending.

Mirana Toys raises Rs 57.5 crore from Arkam Ventures, others - The Economic Times

Economic Times

Economic Times · 5d ago

Mirana Toys raises Rs 57.5 crore from Arkam Ventures, others - The Economic Times

Mirana Toys, a toy-tech startup, raised Rs 57.5 crore in a funding round led by Arkam Ventures, with participation from Accel, Info Edge, and Riverwalk Holdings. The funds will be used to establish a new manufacturing facility, develop packaging lines, and expand production for domestic and international markets. Mirana Toys will also enhance its design and sales teams to accelerate global expansion, with B2B sales expected to drive future revenue growth significantly.

OpenAI’s former CTO Mira Murati’s startup Thinking Machines raises $2 billion led by a16z - The Economic Times

Economic Times

Economic Times · 4m ago

OpenAI’s former CTO Mira Murati’s startup Thinking Machines raises $2 billion led by a16z - The Economic Times

Thinking Machines Lab, an AI startup founded by former OpenAI executive Mira Murati, has raised approximately $2 billion in a funding round led by Andreessen Horowitz, with participation from Nvidia, Accel, and others. Despite being launched only in February with no products yet, the substantial funding reflects Murati's appeal as an industry leader. The startup aims to develop safer and more reliable AI systems, with its team primarily composed of former OpenAI employees.

Database startup Supabase notches $5 billion valuation in funding round - The Economic Times

Economic Times

Economic Times · 1m ago

Database startup Supabase notches $5 billion valuation in funding round - The Economic Times

Open-source database startup Supabase raised $100 million in a Series E funding round, significantly boosting its valuation to $5 billion. Led by venture capital firms Accel and Peak XV, with participation from Figma Ventures and others, this round follows closely on the heels of a Series D round that valued the company at $2 billion. Supabase's rapid increase in valuation highlights growing investor confidence and interest in open-source database solutions.

“Deep tech has widened, there are newer areas for us to build”: Arjun Rao

Economic Times

Economic Times · 1y ago

“Deep tech has widened, there are newer areas for us to build”: Arjun Rao

Speciale Invest, a Chennai-based venture capital firm, focuses on investing in deep tech and space start-ups. The firm has adapted its investment approach as the definition of deep tech has evolved, encompassing areas like life sciences, biotechnology, semiconductors, and quantum computing. Speciale Invest is particularly interested in drug development, synthetic biology, industrial carbon capture, and quantum applications. As some of the companies it has invested in move into the monetization stage, the firm emphasizes supporting their growth, organizational structures, and access to capital. Speciale Invest may consider launching a third fund in 2025.

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

Entrackr

Entrackr · 1m ago

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

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.

Spacetech startup Inbound Aerospace raises $1 million in funding from Speciale Invest - The Economic Times

Economic Times

Economic Times · 4m ago

Spacetech startup Inbound Aerospace raises $1 million in funding from Speciale Invest - The Economic Times

Inbound Aerospace, an IIT Madras-incubated startup, raised $1 million from Speciale Invest to develop autonomous, reusable re-entry vehicles for delivering and returning space experiments. Targeting a 2028 launch, the startup aims to address challenges posed by the International Space Station's (ISS) impending retirement, facilitating in-orbit testing and microgravity research. Inbound's spacecraft will enable space-based research and manufacturing, targeting payload implementation partners as primary clients.

Defence tech startup Constelli raises $3 million in round led by Pravega Ventures

Economic Times

Economic Times · 10m ago

Defence tech startup Constelli raises $3 million in round led by Pravega Ventures

Aerospace and defence tech startup Constelli has secured $3 million in a pre-Series A funding round led by Pravega Ventures. Founded in 2017, the Hyderabad-based company specializes in advanced signal processing solutions for aerospace and defence systems. The funds will be used for capital expenditure and R&D of new products. Constelli serves clients globally, including India's Ministry of Defence and defence contractors in South Korea, Australia, and Singapore, amid growing investor interest in the sector.

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures

Entrackr

Entrackr · 5m ago

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures Defence-tech startup Armory has raised Rs 13 crore (around $1.5 million) in a funding round led by GrowX Ventures, with participation from Industrial 47, Antler, AC Ventures, Dexter Ventures, and several angel investors. The proceeds will be used to boost R&D, expand manufacturing, and speed up deployment. Founded in 2024 by Amardeep Singh, Armory develops indigenous counter-drone systems (C-UAS) capable of detecting, tracking, and neutralising rogue drones. Its flagship system, SURGE, has undergone field trials with multiple Indian Army units. The company’s technology is powered by Samaritan OS, an AI-led defence operating system offering real-time adaptability and continuous learning — features missing in traditional systems.

Accel, Prosus team up for early-stage investments in India - The Economic Times

Economic Times

Economic Times · 1m ago

Accel, Prosus team up for early-stage investments in India - The Economic Times

Leading tech investors Prosus and Accel have partnered to focus on early-stage investments in India's startup ecosystem, particularly in areas like advanced manufacturing, energy transition, and AI-driven automation. This collaboration, expanding Accel’s Atoms X programme, will offer seed investments ranging from $200,000 to $2 million. Prosus and Accel aim to support companies with innovative technology and business models, enhancing their exposure in India. They've previously co-invested in firms like Swiggy and Urban Company.

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