Optimized Electrotech Raises $6 Million for Global Expansion
Optimized Electrotech Raises $6 Million for Global Expansion

Optimized Electrotech Raises $6 Million for Global Expansion

News summary

Optimized Electrotech, a deep-tech imaging startup, has successfully raised $6 million in a Series A funding round led by Blume Ventures and Mela Ventures, with participation from 9Unicorns and existing investors. The funds will be utilized to enhance the development of AI-powered imaging systems and expand into global markets, particularly in defense, aerospace, and border security sectors. Founder Sandeep Shah emphasized the importance of this funding for scaling their technology and contributing to India's strategic security objectives. The company aims to develop advanced solutions for intelligence, surveillance, and reconnaissance (ISR) missions while leveraging indigenous technology to align with government initiatives for self-reliance in defense. Optimized Electrotech has previously raised $4.5 million and plans to launch a dedicated spacetech subsidiary in the near future. Investors have expressed confidence in the company's innovative approach and its potential impact on the defense landscape.

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