Digantara Raises $50M Series B for Defense Tech

Indian space startup Digantara raised USD 50 million in a Series B round. The all-equity funding included new and existing investors. It supports expansion into missile tracking and defense capabilities.

Funding details: USD 50 million (Series B)

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Digantara raised USD 50 million in an all equity Series B round.

New investors joined, including 360 ONE Asset, SBI Investment of Japan, and Ronnie Screwvala.Existing backers Peak XV Partners and Kalaari Capital also took part.

Governments are spending more on space-based surveillance for missiles and early warnings.Ground radar can be slow.

Digantara uses infrared sensors in space and on ground, plus analytics software.

The money will go toward satellite launches.About USD 7 million to 10 million is for growth in the United States.Another USD 2 million to 3 million will help set up operations in Europe.The rest will scale manufacturing and work in India.

The company plans more satellites and ground stations through 2026 and 2027.It is also looking at lidar and laser tech for possible future interceptor use.

Founder Anirudh Sharma said the startup has closed contracts worth about USD 25 million combined.He said revenues grew more than ten times over the past two years.

The company aims for USD 25 million to 30 million in annual revenue over the next 18 months.

Digantara is a space surveillance startup. It tracks objects and debris in space, and now works on missile detection. The company serves government and defense customers. It operates in India, the United States, and Singapore.

Source:- TechCrunch.