India, Dec. 17 -- Digantara Industries, a company operating in space surveillance and intelligence, has closed a Series B funding round of USD 50 million. The investment was raised from a combination of new strategic and financial investors, including 360 ONE Asset, SBI Investments Co Japan, and Ronnie Screwvala, alongside continued participation from existing investors Peak XV Partners and Kalaari Capital.

The company plans to use the fresh capital to support its international expansion beyond India and the United States, establish new manufacturing facilities for optical systems and satellite production, and expand its global research and development teams over the next year.

The funding marks a transition for Digantara as it moves fr...