Pravega Ventures led a $3 million pre-Series A funding round for the aerospace and defense technology startup Constelli. This is the first round of institutional funding for the business.
According to a press release from Constelli, the money raised will be used for capital projects and the creation of new products.
Constelli, a company co-founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, focuses on creating cutting-edge tools and solutions for signal processing that improve the design, development, and testing of vital defense and aerospace systems.
The Hyderabad-based company claims that in order to accomplish transformation, it makes use of cutting-edge hardware and software, modeling and simulation, and distributed computing technologies. The company’s main goals are to increase technical complexity and speed up the payload development lifecycle for ground and airborne defense platforms.
According to Constelli, companies creating radar and electronic warfare (EW) systems use their goods and services all over the world. According to the company, it provides services to the Defence Research and Development Organisation (DRDO), the Ministry of Defence in India, and defense contractors in Australia, Singapore, and South Korea.
Garuda Aerospace, IdeaForge, and NewSpace Research & Technologies are some of the other prominent companies in this field.
