Deep tech, in focus.

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India and the world, with sources.

Deep tech funding

Last 30 days · 41 rounds

Article image: Business Standard

Deep tech · Fund15 OctNEW

AUM Ventures raises ₹250 crore toward a ₹750 crore deep-tech fund

First close: ₹250 Cr

Current investors not disclosed

Business StandardRead source ↗

Round details

Pre-seed and seed-stage deep-tech venture firm founded in 2022 by Chetan Mehta; its ₹200 crore debut fund backed 24 companies, beginning with Skyroot Aerospace.

Target corpus: ₹750 Cr, to be completed by March 2027.
Six to seven investments planned this year; latest: led OXG Space's ₹17 Cr round.
Debut ₹200 Cr fund backed 24 companies, including Skyroot Aerospace.
Plans to apply to the RDI fund when its next window opens.

First close: ₹250 Cr

OXG Space website simulation of Earth and an orbital mission; not operational flight hardware

OXG Space website simulation, not flight hardware

Space14 Oct

OXG Space raises ₹17 crore for satellite connectivity and in-orbit computing

Funding raised: ₹17 Cr

Lead and participating investors: Aum Ventures, Pawan Kumar Chandana, Bharath Daka +1

MoneycontrolRead source ↗

Round details

Builds satellite connectivity and in-orbit computing infrastructure for Earth-observation satellites.

Aum Ventures led through India Innovation Fund II; the Skyroot co-founders and Cosmoserve founder participated as individuals.
Mission Synapse targets a Ka-band phased-array antenna, deployable mesh reflector and solar array; initial 1 Gbps-class capacity is a target.
Founded by former ISRO engineers Akash Shetty and Sanjay Gorur. The round stage was not disclosed.

Funding raised: ₹17 Cr
Lead and participating investors: Aum Ventures, Pawan Kumar Chandana, Bharath Daka, Dr Chiran Phanindra
Use of funds: Fund Mission Synapse, a 12-month in-orbit demonstration of communications and power technologies.
HQ: Bengaluru

Scimplify Scinode scientific execution interface; company-supplied screenshot, not independent proof of performance

Company Scinode interface image: Scimplify via TechCrunch

Materials14 Oct

Scimplify raises $25 million for advanced materials and chemical process R&D

Strategic round raised: $25M

Lead, new strategic and returning investors: Hitachi Ventures, Henkel, Teknor Apex +4

TechCrunch / ScimplifyRead source ↗

Round details

Develops advanced-materials and specialty-chemical manufacturing processes, combining in-house laboratory R&D with technology transfer to partner factories.

Customers Henkel and Teknor Apex join as new investors; Teknor Apex will support US manufacturing expansion.
Company-reported projects include semiconductor-chemical purification and tungsten recovery from scrap.
Full-round announcement dated October 14; July filings covered part of the same round. Total equity funding is reported at $80M.

Strategic round raised: $25M
Lead, new strategic and returning investors: Hitachi Ventures, Henkel, Teknor Apex, Accel India, Bertelsmann India Investments, Omnivore, 3one4 Capital
Use of funds: Expand R&D, processing and manufacturing capacity in the US, and further develop Scinode.
HQ: Bengaluru, India

All 41 funding stories ↓

Cosmochute co-founders, left to right: Amit Chowdhary, Janhavi Gore and Dhruv Alok Sangal.

Photo via Business Standard

Space robotics15 Oct

Cosmochute raises $1.5 million to build modular lunar robots

Amount: $1.5M

Co-led by Accel and Prosus Ventures; other investors include: IIMA Ventures, Operators Studio, Chinmayi Muthyala

EntrackrRead source ↗

Round details

Develops modular lunar robots and standardised payload transportation infrastructure.

LEAP combines a rover, trailer and standardised payload bays.
Lunar laboratories are being set up at IIMA Ventures.
Development-stage platform; no lunar deployment or launch date announced.

Amount: $1.5M
Co-led by Accel and Prosus Ventures; other investors include: Accel, Prosus Ventures, IIMA Ventures, Operators Studio, Chinmayi Muthyala
Use of funds: Develop LEAP, expand engineering and advance the commercial roadmap.
Earlier rounds: No valuation or earlier round amounts were disclosed in the funding announcement.
HQ: Ahmedabad, India

Image: Origin, via Forbes

Robotics15 Oct

Origin emerges from stealth with $20 million for construction robots

Total funding: $20M

Co-led by Accel and Zacua Ventures; other investors: Unilazer Ventures, Schema Ventures, Z21 +4

Forbes / OriginRead source ↗

Round details

Builds modular construction robots that apply compound, sand and prime interior walls.

OG-1 uses interchangeable tools, site perception, force control and a Construction Action Model.
Origin targets 150 robots deployed by end-2027; additional trades remain on the roadmap.
The CEO reports 3x throughput across a full shift, including crew support. No independent benchmark was supplied.

Total funding: $20M
Co-led by Accel and Zacua Ventures; other investors: Unilazer Ventures, Schema Ventures, Z21, ISAI, Imad Ventures, Better Capital, Day Zero Ventures
Use of funds: Build the robot fleet, support global customer pilots and develop additional interior trades.
Earlier rounds: $20M is the announced cumulative funding total; the reviewed primary announcement does not give separate earlier-round amounts.
HQ: San Francisco, US

Company team photo: Fortastra / PR Newswire

Space14 Oct

Fortastra raises $30 million Series A for orbital-security spacecraft

Series A: $30M

Lead: First In

Fortastra / Via SatelliteRead source ↗

Round details

Develops maneuverable spacecraft for on-orbit security and national defence.

Company reports initial Watchdog V0 operational success and government contracts.
High-rate production and persistent multi-orbit coverage remain scaling plans, not completed outcomes.

Series A raised: $30M
Lead: First In
Use of funds: Expand spacecraft development and testing, engineering, autonomy and manufacturing.
Earlier rounds: The investment follows the launch of the company’s first Watchdog V0 spacecraft earlier this month.
HQ: Torrance

Article photo: Qilimanjaro via EU-Startups

Quantum14 Oct

Qilimanjaro closes €19.6 million first tranche of Series A for quantum systems

Series A first close: €19.6M

First-close investors: IndraMind / Indra Group (€10M), SETT (€9.6M)

EU-StartupsRead source ↗

Round details

Builds full-stack quantum computers using superconducting qubits, control electronics, cryogenics and software.

First close, not completion of the whole Series A.
Avançsa and other existing investors are expected in the later close, not confirmed in this first tranche.
Source reports eight systems deployed, including three at Barcelona Supercomputing Centre.

Series A first close: €19.6M
First-close investors: IndraMind / Indra Group (€10M), SETT (€9.6M)
Use of funds: Industrialise quantum computers, develop next-generation chips, and expand manufacturing and deployment.

Close-up of a Salience Labs-branded photonic networking board in the Tech.eu report, not a deployed AI data centre

Article image: Tech.eu

Semiconductors14 Oct

Salience Labs raises $125 million Series B for photonic AI networking

Series B: $125M

Tech.euRead source ↗

Round details

Develops silicon-photonic optical circuit switches for GPU networking in AI data centres.

Salience says it demonstrated a 64-port all-optical switch at ECOC 2026; 128-port and 256-port products remain in development.
Funding supports deployment, high-volume manufacturing, engineering and US expansion.

Series B raised: $125M
Lead and participating investors: Bullhound Capital, AMD Ventures, Intel Capital, SBI Group, Hudson River Trading, British Business Bank, Applied Ventures, Oxford Science Enterprises, Cambridge Innovation Capital, Silicon Catalyst Ventures
Use of funds: Deploy optical switching technology, scale volume manufacturing, develop next-generation switches and expand the US presence.
HQ: Oxford

Article image: Entrackr

Energy & Materials13 Oct

NuSynth raises ₹36.5 crore for chemical-process innovation

Seed: ₹36.5 Cr

Co-lead investors: Avaana Capital, Shastra VC

EntrackrRead source ↗

Round details

Redesigns chemical synthesis processes using process chemistry, experimental data and predictive models, initially for pharma and electronics chemicals. It uses an asset-light model with manufacturing partners

Founded by Poorvank Purohit and Dr Ramesha A R, with Abhishek Deo and Dipak Bajaj on the founding team.
Seed funding will support proprietary-process development, scale-up capabilities and hiring.

Seed raised: ₹36.5 Cr
Co-lead investors: Avaana Capital, Shastra VC
Use of funds: Develop R&D and technology capabilities, proprietary processes, scale-up and the team.
HQ: Mysore

Article image: Entrackr

AI13 Oct

F2A secures ₹3,000 crore for a mixed AI and deeptech strategy

Subscriptions: ₹3,000 Cr

Anchor investor: Nandan Nilekani

EntrackrRead source ↗

Round details

Growth-stage strategy spanning AI applications, enterprise software, deeptech infrastructure and engineered systems.

₹3,000 crore is subscriptions, not a final fund close.
Plans investments in 12-15 companies over two to three years.
BusinessLine/PTI reports a ₹3,500 crore revised hard cap; Entrackr does not disclose it.

Subscriptions: ₹3,000 Cr
Anchor investor: Nandan Nilekani
Use of funds: Invest in 12-15 growth-stage companies over two to three years across AI applications, enterprise software, deeptech infrastructure and engineered systems.

Article image: Tech.eu

AI13 Oct

Ubitium raises $14 million for its physical-AI processor

Seed: $14M

Investors: Ibex Investors (led the $14M round; $18M total seed), OpenOcean, KBC Focus Fund +3

Tech.euRead source ↗

Round details

Develops processors for physical-AI applications, combining signal processing, AI inference and real-time control. Its UB108 is a demonstration chip; the UB410 is the commercial version.

UB108 has 256 processing elements on Samsung’s 8 nm process; UB410 is planned with 4,096 elements and evaluation units in 2027.

Seed raised: $14M
Investors: Ibex Investors (led the $14M round; $18M total seed), OpenOcean, KBC Focus Fund, Runa Capital, Inflection, Florian Seibel
Use of funds: Advance UB410 towards commercialisation - tape-out and evaluation units planned for 2027.

Article image: Economic Times

AI & Compute13 Oct

Sarvam reportedly explores a $250-300 million top-up

Proposed top-up: $250-300M

Current investors not disclosed

The Economic TimesRead source ↗

Round details

Builds Indian-language AI models and enterprise applications.

Amount and valuation may change; current-round investors are not named.
June funding of over $300M at $1.5B valuation is a separate earlier round.
HCLTech and IndiGo Ventures are prior backers, not confirmed investors in these talks.

Proposed top-up: $250-300M
Valuation: $3B (proposed, may change)
Use of funds: Larger AI models and computing infrastructure, according to people cited by ET.

Article image: TechCrunchLeft to right: <a href="https://www.linkedin.com/in/lee-moser/" rel="noopener noreferrer" target="_blank">Lee Moser</a> (Co-founder & General Partner at Protego Ventures); <a href="https://www.linkedin.com/in/lital-leshem/" rel="noopener noreferrer" target="_blank">Lital Leshem</a> (Co-founder & Managing Partner at Protego Ventures).

Defence29 Sept

Protego Ventures closes a $125 million defence-tech fund

Fund commitments: $125M

Disclosed LP: Ares Management

TechCrunchRead source ↗

Round details

Protego Ventures is an Israel-focused defence-tech investor led by Lital Leshem and Lee Moser. It backs defence and security companies, including drone and situational-awareness systems.

Final close of a venture fund, not a startup funding round.
Ares Management committed $30 million as a limited partner.

Fund commitments: $125M
Disclosed LP: Ares Management
Use of funds: Invest in defence and security startups, with company investments from $5 million to $50 million.

Official brand graphic: Modal

AI & Compute28 Sept

Modal reportedly nears a $750 million funding round

Reported proposed raise: $750M

Reported prospective lead: Accel

TechCrunchRead source ↗

Round details

Modal Labs provides AI inference infrastructure. Its services run trained AI models to generate outputs.

Negotiations reported on 28 September, not a confirmed closed round.
Modal declined to comment; the report does not establish a later closing.

Reported proposed raise: $750M
Valuation: Proposed $15.75B post-money
Reported prospective lead: Accel
Use of funds: A specific allocation of the prospective new round was not disclosed in the September report.

Article image: Tech.eu

Defence12 Oct

Monopulse raises over €2M for reconnaissance drones resilient to signal disruption

Raised: Over €2M

Investors: Coinvest Capital, Plug and Play, NGL Ventures

Tech.euRead source ↗

Round details

Danish-Lithuanian developer of reconnaissance drones, combining in-house hardware, software, sensor fusion, computer vision and autonomy.

Tech.eu reports a raise of over €2 million, not an exact €2 million.
NGL Ventures' angel syndicate contributed €560,000 from 68 investors.
Reported deployment and electronic-warfare resilience are source claims, not independent performance validation.

Raised: Over €2M
Investors: Coinvest Capital, Plug and Play, NGL Ventures
Use of funds: Expand production capacity, support R&D and enter Scandinavian and other international markets.

Founder photo: Moneycontrol

Advanced materials12 Oct

Whizzo in talks to raise $25M from Bertelsmann India Investments

Proposed raise: $25M

Reported counterparty in talks: Bertelsmann India Investments

MoneycontrolRead source ↗

Round details

Develops engineered technical textiles through materials formulation, prototyping, process engineering and manufacturing. Its Gurugram R&D lab works on polymer and fibre properties.

Moneycontrol reports ongoing negotiations; no closed funding round or company confirmation.
Reported valuation is $110-120M, conditional on the talks.
Fundamentum, LB Investment, Lightspeed and BEENEXT are prior backers, not confirmed participants in this proposed round.

Proposed raise: $25M
Valuation: $110-120M (reported in talks)
Reported counterparty in talks: Bertelsmann India Investments
Use of funds: No use of this proposed round disclosed; prior capital supports materials R&D and IP development.

Article image: Entrackr

Semiconductors11 Oct

Tessolve raises $75 million from Vector Line Capital for growth and acquisitions

Funding round raised: $75M

Lead investor: Vector Line Capital

EntrackrRead source ↗

Round details

Semiconductor engineering provider across chip design, validation, testing and embedded systems.

Vector Line Capital led the $75M funding round.
Existing investors TPG and Novo Tellus are named by BusinessLine.

Funding round raised: $75M
Lead investor: Vector Line Capital
Use of funds: Support growth, strategic acquisitions, broader services and global expansion.

Company illustration: Nuvacore

Semiconductors10 Oct

Nuvacore reportedly seeks funding at a $2.5 billion valuation

Seeking funding: Hundreds of millions

Current investors not disclosed

ReutersRead source ↗

Round details

Develops a new central processor for data centres and AI infrastructure. It has not yet released a product.

Round has not closed; amount and roughly $2.5B valuation may change.
Earlier seed round was led by Sequoia Capital; current investors are not disclosed.

Seeking funding: Hundreds of millions
Valuation: $2.5B (proposed)

Article image: TechCrunch

Physical AI18 Sept

Vantora raises $100 million and shifts toward physical AI

Investment: $100M

Investors: Silversmith Capital Partners

TechCrunchRead source ↗

Round details

Builds startups around corporate customers’ problems, with an increasing focus on physical AI.

Formerly UP.Labs.
Corporate partners may acquire the ventures instead of marketing them independently.

Investment: $100M
Investors: Silversmith Capital Partners

Article image: Tech.eu

Medtech · Semiconductors7 Oct

MintNeuro raises $5 million for specialized neural-device chips

Raised: $5M

Investors: Odyssey Ventures, 33East, JSK Investments +3

Tech.euRead source ↗

Round details

Develops specialized semiconductor chips for neural devices, from implants to wearables.

Working silicon is being integrated with neurotechnology partners.
Funding supports commercial scale-up, product launches and partner delivery.

Raised: $5M
Investors: Odyssey Ventures, 33East, JSK Investments, Alumni Ventures, Empirical Ventures, Jumpspace Ventures
Use of funds: MintNeuro will use the investment to grow its engineering and commercial teams, bring its products to market, support customers as they adopt its chips, and strengthen its presence in the US alongside its UK and...

Article image: EU-Startups

Energy7 Oct

VoltR secures €22 million for battery remanufacturing

Equity + grants: €22M

Investors: Bpifrance SPI 2, Decathlon PULSE

EU-StartupsRead source ↗

Round details

Remanufactures lithium batteries to extend the useful industrial life of their cells.

€16M equity plus €6M in Première Usine grants.
Targets sixfold production capacity within two years; expansion is planned, not completed.

Equity + grants: €22M
Investors: Bpifrance SPI 2, Decathlon PULSE
Use of funds: The company plans to use this capital to accelerate the industrial deployment of its remanufacturing model.

Article image: EU-Startups

Quantum8 Oct

Universal Quantum raises $100 million for modular systems

Series A: Over $100M

Investors: DCVC, Firgun Ventures, EDBI +11

EU-StartupsRead source ↗

Round details

Universal Quantum develops modular quantum-computing hardware. Fault-tolerant, utility-scale computing remains its development goal.

DCVC and Firgun Ventures co-led the Series A.
Funding supports technology commercialization and international expansion.

Series A raised: Over $100M
Investors: DCVC, Firgun Ventures, EDBI, Artal, Integral GlobalTech, Main Sequence, Hostplus, NGS Super, IAG Capital, EdenBase, Eigenstate.holdings, Dave Baszucki, Nauta Capital, The Venture Collective
Use of funds: Develop and commercialise modular quantum systems and expand internationally, including an R&D centre in Singapore.

Article image: EU-Startups

Deep tech · Fund9 Oct

Monte Carlo Capital reaches €13 million first close of Fund II

First close: €13M

Current investors not disclosed

EU-StartupsRead source ↗

Round details

A Monaco-based seed investor backing deep tech and technology-led companies.

Fund II target: €26M; five investments already made.
Fund I closed above €11M in 2025.

First close: €13M
Use of funds: Seed investments in deeptech, AI and spacetech companies.
HQ: Monaco

Article image: The Quantum Insider

Quantum8 Oct

Oratomic reports $775 million raised since launch

Total since launch: $775M

Investors: ARCH Venture Partners, Spark Capital, Khosla Ventures +3

The Quantum InsiderRead source ↗

Round details

Develops fault-tolerant quantum computers using reconfigurable neutral-atom arrays and quantum error correction.

Cumulative funding since March 2026, not one newly closed round.
Supports scientific teams, laboratory infrastructure and quantum systems.

Total since launch: $775M
Investors: ARCH Venture Partners, Spark Capital, Khosla Ventures, Index Ventures, General Catalyst, Bezos Expeditions
Use of funds: The company will use the funds to accelerate the development of utility-scale, fault-tolerant quantum computers.

Official logo: Varda Space Industries

Article image: The Economic Times

Semiconductors30 Sept

Efficient Computer raises $100 million for data-flow processors

Raised: $100M

Investors: TQ Ventures, Eclipse, Union Square Ventures +8

The Economic TimesRead source ↗

Round details

Develops data-flow processors and software tools for more energy-efficient general-purpose computing.

Valuation: $650M; cumulative capital raised: $176M.
First shipping chips target drones and small robots; funding supports increased shipments.

Raised: $100M
Valuation: $650M
Investors: TQ Ventures, Eclipse, Union Square Ventures, Giant Ventures, Triatomic Capital, TO Capital, TF Capital, Mana Ventures, Toyota Ventures, Overmatch, Borderless

Article image: The Economic Times

Deep tech · Fund26 Sept

IITM Unicorn Frontier Fund reaches Rs 450 crore first close

First close: ₹450 Cr

Current investors not disclosed

The Economic TimesRead source ↗

Round details

A deep-tech investment fund launched by IIT Madras, its Research Park and Unicorn India Ventures.

Target corpus: ₹1,000 Cr including ₹400 Cr greenshoe.
Nearly ₹55 Cr deployed across four startups.

First close: ₹450 Cr

Article image: Moneycontrol.com

AI24 Sept

Nava discusses a $200 million private-cloud funding round

Proposed raise: $200M

Reported participants: Greenoaks

Moneycontrol.comRead source ↗

Round details

Builds private-cloud infrastructure for enterprise AI workloads; formerly called Kluisz.

Reported talks at around $750M valuation; terms are not completed.
Earlier roughly $22M financing announced within the previous six months.

Proposed raise: $200M
Valuation: $750M (proposed)
Reported participants: Greenoaks

Article image: Moneycontrol.com

Space24 Sept

Skyroot negotiates a large round with global investors

Proposed raise: $280-300M

Reported participants: Fidelity, General Catalyst, Benchmark

Moneycontrol.comRead source ↗

Round details

Develops launch vehicles for the commercial satellite market.

Negotiated valuation range: $2.8-3B; terms may change.
Named investors are in reported negotiations, not confirmed closed-round commitments.

Proposed raise: $280-300M
Valuation: $2.8-3B (proposed)
Reported participants: Fidelity, General Catalyst, Benchmark
HQ: Hyderabad

Article image: SpaceNews

Space9 Oct

Kapta Space raises $24 million for orbital radar technology

Series A: $24M

Lead / co-lead: Washington Harbour Partners (lead), Bison Ventures (co-lead)

SpaceNewsRead source ↗

Round details

Develops radar payloads for satellites to track moving targets on the ground.

$24M Series A brings total funding to $30M, company release says.
Multiple classified moving-target-indicator contracts reported by company.
Spaceflight qualification and first orbital demonstration remain ahead, not an operational radar network.

Series A raised: $24M
Lead / co-lead: Washington Harbour Partners (lead), Bison Ventures (co-lead)
Use of funds: Qualify the orbital radar system for spaceflight and prepare the first in-orbit demonstration.
HQ: Seattle

Article image: Livemint

Defence6 Oct

Sanlayan explores a $35-40 million defence-electronics raise

Proposed raise: $35-40M

Current investors not disclosed

MintRead source ↗

Round details

Makes defence-focused electronics and is pursuing expansion through acquisitions and research.

Talks are at an early stage; target valuation is $150-200M.
Previous backers must not be presented as investors in this unclosed round.

Proposed raise: $35-40M
Valuation: $150-200M (target)

Article image: SpaceNews

Space1 Oct

Z-Trak funds development of a reusable electric-pump rocket

New funding: Not disclosed

Current investors not disclosed

SpaceNewsRead source ↗

Round details

Develops a small reusable launch vehicle using electric-pump propulsion.

Fission-A first flight is targeted for late 2027.
Accessible SpaceNews preview does not disclose round size, investors or prior rounds.

New funding: Not disclosed

Official logo: Mandrake Bio

Article image: The Economic Times

Robotics5 Oct

RobCo reports $1 billion valuation after secondary share sale

Secondary valuation: $1B+

Secondary buyers: Cherry Ventures, European Tech Collective

The Economic TimesRead source ↗

Round details

Makes robots for manufacturing and industrial applications.

Latest event is a secondary share sale, not new primary capital.
January capital raise: $100M with Lightspeed, Sequoia and Lingotto.

Valuation: $1B+
Secondary buyers: Cherry Ventures, European Tech Collective

Article image: Inc42

Defence6 Oct

AITMC’s IPO filing outlines drone and training expansion plans

Proposed IPO: 3.5 Cr shares

Current investors not disclosed

Inc42Read source ↗

Round details

Operates drone manufacturing and assembly, pilot training, vocational education and a pilot drone-service business.

Fresh issue of up to 3.5 Cr shares; no offer for sale. Issue is not completed.
Earlier board approval referenced ₹200 Cr; final amount depends on pricing.
₹155.03 Cr earmarked for hubs, R&D, technology park and debt repayment.

Proposed IPO: 3.5 Cr shares
Use of funds: The startup has earmarked ₹155.03 Cr of the net proceeds for five specified purposes, with deployment scheduled for FY27

Article image: Entrackr

Quantum7 Oct

Quanfluence raises $10 million for photonic quantum computing

Raised: $10M

Investors: Chiratae Ventures, Rainmatter by Zerodha, Pi Ventures

EntrackrRead source ↗

Round details

Develops photonic quantum-computing hardware for difficult optimization problems.

Earlier $2M seed in December 2024 led by Pi Ventures.
Targets a four-qubit computer, then a roughly 100-qubit prototype by 2029.

Raised: $10M
Investors: Chiratae Ventures, Rainmatter by Zerodha, Pi Ventures
Use of funds: The fresh funds will be used to build and launch a four-qubit quantum computer in the near term, with the company targeting a larger prototype featuring around 100 qubits by 2029, Quanfluence said in a press release.
Earlier rounds: Raised $2 million in a seed round in December 2024, led by Pi Ventures, with Golden Sparrow, Reena Dayal and other investors.
HQ: Bengaluru

Article image: Entrackr

Deep tech6 Oct

IndigoTex raises Rs 5 crore to commercialise wool textiles

Raised: ₹5 Cr

Investors: IAN Angel Fund, SIDBI, FITT +1

EntrackrRead source ↗

Round details

Develops waterless wool-finishing technology and wool-based fabrics, including IndiWool Denim.

Proceeds support manufacturing, sales and operations, and product commercialization.
R&D remains at IIT Delhi; finishing facility is in Sonipat.

Raised: ₹5 Cr
Investors: IAN Angel Fund, SIDBI, FITT, IIT Delhi Angels
Use of funds: The proceeds will be used to set up manufacturing, expand its sales and operations team and commercialise its textile products.

Article image: TechCrunch

Energy6 Oct

Type One Energy raises $200 million for its fusion plant plans

Series B: $200M

Investors: Breakthrough Energy Ventures, Clutterbuck Capital

TechCrunchRead source ↗

Round details

Designs fusion power plants, using an external supplier network for many components.

At least $82.5M raised before this round.
Advances a proposed 400 MW commercial plant with a 2034 operating target.

Series B raised: $200M
Investors: Breakthrough Energy Ventures, Clutterbuck Capital
Earlier rounds: Raised at least $82.5 million before this round.
HQ: Tennessee

Article image: Entrackr

Quantum5 Oct

QpiAI secures Rs 50 crore in debt from InnoVen Capital

Debt financing: ₹50 Cr

Lender: InnoVen Capital

EntrackrRead source ↗

Round details

Builds proprietary quantum-computing hardware and AI software for enterprise applications.

NCD financing carries 13.85% annual coupon and December 2028 maturity.
Earlier $32M Series A in July 2025 led by Avataar Ventures and NQM.
Use of debt proceeds not disclosed; prior equity valuation is not a new debt-round valuation.

Debt financing: ₹50 Cr
Lender: InnoVen Capital
Earlier rounds: Raised $32 million in Series A in July 2025, led by Avataar Ventures and the National Quantum Mission.
HQ: Bengaluru

Article image: TechCrunch

Space1 Oct

Satlyt raises $8 million to run AI across satellites

Seed: $8M

Investors: Non Sibi Ventures

TechCrunchRead source ↗

Round details

Builds software to run AI models and distribute computing workloads across satellites.

Software has flown on demonstration missions.
Next goal is shared computing across satellites; it does not build its own spacecraft.

Seed raised: $8M
Investors: Non Sibi Ventures
HQ: Sunnyvale / Nairobi

Article image: Entrackr

Medtech7 Oct

Sunfox raises $7 million to expand portable ECG diagnostics

Series A: $7M

Investors: Ashish Kacholia, Lashit Sanghvi, Alchemy Capital +1

EntrackrRead source ↗

Round details

Makes Spandan, a portable ECG platform for clinics, hospitals and home monitoring.

₹15 Cr pre-Series A in August 2024, led by Venture Catalysts with Finvolve participation.
Funding supports India expansion, global market entry and continued R&D.

Series A raised: $7M
Investors: Ashish Kacholia, Lashit Sanghvi, Alchemy Capital, 3one4 Capital
Use of funds: The fresh funds will be used for the next phase of growth, including expanding its presence across India, developing global go-to-market capabilities, scaling the organisation and continuing investments in research and...
Earlier rounds: Raised ₹15 crore in a pre-Series A (August 2024), led by Venture Catalysts, with Finvolve participation.
HQ: Dehradun