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

EntrackrEntrackr · 3d 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.

Optimized Electrotech raises $6 Mn in Series A round

EntrackrEntrackr · 3m ago
Optimized Electrotech raises $6 Mn in Series A round
Medial

Optimized Electrotech raises $6 Mn in Series A round. Deep-tech company Optimized Electrotech, specializing in imaging surveillance technology, has bagged $6 million in a Series A funding round co-led by Blume Ventures and Mela Ventures. The round also witnessed participation from 9Unicorns and existing investors, including Rajiv Dadlani Group and Venture Catalysts. The company had previously raised $4.5 million from its existing investors. The proceeds will be used to develop next-gen AI imaging payloads, high-speed space-based surveillance solutions, and to penetrate global markets, Optimized Electrotech said in a press release. Founded in 2017 and led by promoters Sandeep Shah and Dharin Shah, Optimized Electrotech aims to empower AI-driven imaging solutions for ISR and critical strategic applications. The company develops cutting-edge electro-optic systems, spanning the electromagnetic spectrum, enhancing defense, space, border security, and aerospace operations. By integrating onboard analytics, its advanced surveillance solutions provide real-time intelligence, strengthening situational awareness in high-stakes environments. Optimized Electrotech focuses on innovation, indigenous technology development, and strategic surveillance solutions. Its solutions facilitate governments, defense services, paramilitary forces, mining corporations, civic bodies, and large corporations to respond to unauthorized drone attacks swiftly. “Driven by strong government policies and an increasing focus on indigenous capabilities, it’s important to build critical mass within this window of opportunity. This funding round is a testament to the confidence our investors have in our vision. We are committed to leveraging this capital to further enhance our technological capabilities, expand our footprint, and contribute meaningfully to India’s strategic and security objectives,” said Sandeep Shah, founder & MD of Optimized Electrotech. It competes with other notable companies such as Tonbo and Tata Advance Systems Ltd.

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