The imaging surveillance technology company Optimized Electrotech, a deep tech startup, has raised $6 million in a Series A funding round led by Mela Ventures and Blume Ventures. 9Unicorns and current investors, such as Rajiv Dadlani Group and Venture Catalysts, also participated in the round.
The business had already raised $4.5 million from its current investors.
The money will be utilized to create high-speed space-based surveillance systems, next-generation AI imaging payloads, and to break into international markets, according to a press release from Optimized Electrotech.
Optimized Electrotech was founded in 2017 with the goal of enabling AI-driven imaging solutions for ISR and vital strategic applications. The company is led by promoters Sandeep Shah and Dharin Shah. The business creates state-of-the-art electro-optic systems that span the electromagnetic spectrum and improve aerospace, defense, space, and border security. Its cutting-edge surveillance systems enhance situational awareness in high-stakes situations by incorporating onboard analytics to deliver real-time intelligence.
Strategic surveillance solutions, innovation, and domestic technology development are the main priorities of Optimized Electrotech. Its solutions help governments, military agencies, paramilitary groups, mining companies, government agencies, and big businesses react quickly to unauthorized drone attacks.
“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 Optimized Electrotech.
Other well-known businesses like Tonbo and Tata Advance Systems Ltd. are its rivals.
