India, April 14 -- Deeptech surveillance startup Optimized Electrotech has raised $6 Mn (around INR Cr) in a Series A funding round co-led by Blume Ventures and Mela Ventures.
The round also saw participation from existing investors, including Venture Catalysts, 100Unicorns and Rajiv Dadlani Group, along with participation from the startups' cofounder and MD himself Sandeep Shah.
The startup plans to use the fresh capital to accelerate development of AI-powered imaging payloads and high-speed space surveillance systems as well as to expand into overseas markets.
"This funding will help us strengthen our R&D capabilities, build next-gen tech, and extend our reach across critical sectors in India and beyond," Shah said.
He also told Inc42...