Optimized Electrotech Secures $6 Million to Fund AI Defence Solutions
Deeptech startup Optimized Electrotech raised $6 million in its Series A round to further develop its artificial intelligence based imaging and surveillance solutions designed specifically for the defence and space industries. The round was led by Blume Ventures and Mela Ventures, and was joined by 9Unicorns, existing investors including the Rajiv Dadlani Group and Venture Catalysts, and the leadership team of the company.
Established in 2017 by Sandeep Shah and Dharin Shah, the Ahmedabad based company is a specialist in developing electro optic imaging systems for intelligence, surveillance, and reconnaissance (ISR) operations. Its solutions, used across defence, aerospace, and space operations, combine real-time data processing and onboard analytics to deliver high-speed visual intelligence in hostile environments.
So far, the company has raised Rs 39 crore (more than $4.5 million at the prevailing exchange rate) in external capital, said co-founder and managing director Sandeep Shah. The new capital will be used to scale the development of next-generation imaging payloads, such as solutions for autonomous ISR systems and high-speed space imaging, he added.
Optimized Electrotech has been awarded four patents and has been honored in several innovation challenges under the Ministry of Defence's Innovations for Defence Excellence (Idex) programme, including the Acing Development of Innovative Technologies with Idex (Aditi) programme.
"War prevented is as vital as war to be won. Either way, the future of warfare will increasingly be dependent on machines, especially through knowledge and dynamic decision making," Shah stressed.
Investors pointed to the company's indigenous technology-based strategy and focus on intellectual property, going with India's efforts toward self-reliance in defence. "We are excited to back Optimized Electrotech, a pioneer in defence and deep-tech innovation," said Arpit Agarwal, a partner at Blume Ventures. Parthasarathy NS, managing partner at Mela Ventures, complimented the startup's "solid technical competence and stead fast execution," observing it as a prominent part of India's deep tech ecosystem.
Established in 2017 by Sandeep Shah and Dharin Shah, the Ahmedabad based company is a specialist in developing electro optic imaging systems for intelligence, surveillance, and reconnaissance (ISR) operations. Its solutions, used across defence, aerospace, and space operations, combine real-time data processing and onboard analytics to deliver high-speed visual intelligence in hostile environments.
So far, the company has raised Rs 39 crore (more than $4.5 million at the prevailing exchange rate) in external capital, said co-founder and managing director Sandeep Shah. The new capital will be used to scale the development of next-generation imaging payloads, such as solutions for autonomous ISR systems and high-speed space imaging, he added.
Optimized Electrotech has been awarded four patents and has been honored in several innovation challenges under the Ministry of Defence's Innovations for Defence Excellence (Idex) programme, including the Acing Development of Innovative Technologies with Idex (Aditi) programme.
"War prevented is as vital as war to be won. Either way, the future of warfare will increasingly be dependent on machines, especially through knowledge and dynamic decision making," Shah stressed.
Investors pointed to the company's indigenous technology-based strategy and focus on intellectual property, going with India's efforts toward self-reliance in defence. "We are excited to back Optimized Electrotech, a pioneer in defence and deep-tech innovation," said Arpit Agarwal, a partner at Blume Ventures. Parthasarathy NS, managing partner at Mela Ventures, complimented the startup's "solid technical competence and stead fast execution," observing it as a prominent part of India's deep tech ecosystem.
