India, June 27 -- Underwater robotics startup Coratia Technologies has raised $2 Mn (around INR 17.1 Cr) in a Pre-Series A funding round led by MGF Kavachh, a venture capital fund floated by former defence secretary Ajay Kumar, sources told Inc42.
However, the shared press release didn't mention the funding amount.
Founded by Debendra Pradhan and Biswajit Swain, Coratia Technologies was incubated at NIT Rourkela, specialising in underwater robotics.
Its core products include self-guided robots for underwater tasks called autonomous underwater vehicles (AUVs) and tethered robots controlled from the surface, known as remotely operated vehicles (ROVs).
"Coratia Technologies is solving real-world challenges under the surface-their work ha...
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