Raising Now
Deep tech startups that public reports say are raising or preparing to raise, profiled in one place. Each profile lists the report it stands on.
"Reported" means unnamed sources. It is not a company confirmation unless the profile says so.
DeepTech startups actively raising funds.
Bengaluru chip startup building AI GPUs and software for data centres. Founded by former Intel and AMD executives
- Rs 800-850 crore (about $95-100M) in new equity. The company has also applied for Rs 120-130 crore from India's government-backed RDI scheme, a Rs 1 lakh crore national fund that gives long-term, low-interest finance to deep tech and R&D
- The ET report does not name the round stage
- One secondary site (StartupWire, 3 Oct) puts post-money at about Rs 2,400-2,500 crore. Not in the ET report. Unverified
- $8M seed round led by Peak XV, reported by The Hindu BusinessLine on 29 Jan 2026
- Co-founder and CEO
- Co-founder
- Co-founder
- Co-founder
Defence and aerospace electronics maker; acquired Dexcel Electronics in January 2025
- $35-40M at a target valuation of $150-200M
- Under discussion, not closed. May fund acquisitions and R&D
- $150-200M target, per the report
- Rs 186 crore Series A (Jun 2025), with Gemba Capital, Singularity Ventures and Shastra VC alongside existing backers
- Rs 36 crore round (Mar 2024), led by Jungle Ventures
- Co-founder and CEO
- Co-founder and CBO
- Co-founder and COO
Czochralski crystal-growth systems for silicon, germanium and other single crystals. Says it is India's first and only crystal growth technology company
- Series A of Rs 100 crore (about $10.4M), per Inc42 (22 Aug). An Indian VC is expected to lead with about Rs 50-60 crore. The investor is not named
- Seed round of Rs 25.55 crore (about $3M), announced 19 Jan 2026. Led by Equirus InnovateX and Artha Venture Fund, with IvyCap Ventures, PointOne Capital, IIMA Ventures and an angel investor (Inc42, company site)
- Founder and CEO
European industrial fusion developer working on stellarator power plants. Founded 2021
- $150M Series A
- Started meeting investors; targeting US investors
- EUR 8M founders' pre-seed round (Feb 2023), from the European industrial companies that formed it
- CEO since 14 Jul 2026
- Head of Comms and Investor Relations
Implantable sensor under the skin that reads muscle signals to control prosthetics and robots. Has FDA Breakthrough Device and TAP designations and first-in-human study approval
- About $30M Series B, to take the implant into clinical trials
- $19M Series A, 15 Apr 2025, led by Ottobock (joined the board)
- Founder and CEO
Search and analysis of satellite and aerial imagery using AI models trained on Earth observation data, so users can query the planet
- $20M Series A
- $9M seed (2025), led by Javelin Venture Partners, with Everywhere Ventures and others
- Co-founder and CEO
- Co-founder and CPO
- Co-founder and Chief Scientist
Models weather and climate risk to grid assets so utilities can plan resilience
- $15-20M Series A. Reported as preparing to raise
- $2.5M seed, announced 24 Oct 2023 (Axios), from Looking Glass, Intelis Capital, Jetstream, El Cap, Streetlife, Everywhere and Stepchange
- Co-founder and CEO
AI-accelerated discovery of superconducting materials for grids, data centres, MRI and fusion. Founded 2025
- $20-30M (PitchBook shows $25M in progress). The report does not name the round stage
- Private fundraise filed with the US securities regulator (SEC Form D, Oct 2025): about $1.5M raised, first sale on 16 Oct 2025. The filing lists one investor and does not name them
- Research grant of $305K from the US National Science Foundation (2025). This is government funding for research, not equity, so the NSF owns no part of the company
- Co-founder and CEO
Installs and manages distributed battery systems to ease grid strain
- Up to $100M, equity plus debt
- Private fundraise filed with the US securities regulator (SEC Form D, Feb 2025): $7.33M raised out of a $7.75M target, first sale in Feb 2025. The filing does not name the investors
- Co-founder and CEO
Closed-loop geothermal heat (Heat4Ever) using oil-industry piping; demo with GFZ Helmholtz Centre in Germany
- Capital increase of at least EUR 25M planned for fall 2026 to spring 2027; investor talks began mid-2025
- Series A closed, "in the tens of millions" of Danish kroner (DKK), from existing shareholders and business angels (EnergyWatch, 4 Oct 2026)
- Apr 2026: DKK 84M in public funding from the state, about EUR 7.4M from shareholders, and a convertible loan of up to DKK 50M (a loan that can later turn into shares)
- Founder and CEO
Contract development and manufacturing platform for technical textiles, built on materials-science IP. Borderline deep tech
- About $26M Series B in talks
- Reported co-leads: Aavishkaar Capital and Bertelsmann India Investments
- About $15M Series A (about six months ago), led by Fundamentum with LB Investment Fund and Lightspeed
- Seed led by Lightspeed (2025)
- Founder
Leases and swaps lithium-ion batteries for e-rickshaw drivers, and refurbishes and recycles used packs. Hubs in West Bengal
- Raising Rs 70-100 crore (PTI/ETAuto, 4 Oct). Revenue run-rate Rs 80 crore in FY26, target Rs 150 crore
- The report does not name the round stage
- Rs 6.2 crore seed (Apr 2024), led by Equirus InnovateX Fund (Rs 5 crore)
- Founder and CEO
- Co-founder
- Co-founder and Product Head
CAR-T cell therapy company; licence signed to commercialise CAR-T for several diseases
- Series A2: NZ$30M first close on 1 Oct 2026, targeting NZ$45M by end of Dec 2026
- Last private raise before a planned stock market listing on the ASX (Australia) in 2028
- Pre-Series A, NZ$4M (late 2024)
- Series A, NZ$15M (Oct 2025), valuing the company at NZ$60M before the new money
- CEO
Satellite navigation (GNSS) chips, modules and receivers for defence, space and vehicles. Bengaluru firm, founded 1991
- Blackstone in talks to invest $400-500M for a 17-20% stake (Mint, 14 Oct)
- Not a venture round. No outside investor found in Mint, Crisil or the company site
- No outside investor found. The company's own site says its five founding technologists are its investors and form its board
Hyderabad rocket maker founded in 2018 by two former space scientists. Launched India's first privately built orbital rocket, Vikram-1, on 18 Jul 2026
- $300M in two tranches: $150M at $2.3-2.5B from Indian family offices; $150M at up to $3B with General Catalyst, General Atlantic and Benchmark in talks
- $2.3-3B across the two tranches, per the report
- $60M round (7 May 2026) co-led by Sherpalo Ventures and GIC, valuing the company at more than $1.1B
- $27M round in 2023, raised just before its Series C
- $51M Series B (Aug 2022)
Indian family offices- Co-founder and CEO
- Co-founder and COO
Milan company that stores power as liquid CO2 (its CO2 Battery). Demo plant in Sardinia since 2022, and an ENGIE deal for its first full-scale plant
- In advanced talks with European and US investors for several hundred million EUR
- EUR 200M raised so far
- EUR 55M Series B (2023): EUR 40M in Apr 2023, co-led by Eni Next and Neva SGR (Intesa Sanpaolo's venture arm), then EUR 15M more in Jul 2023
- Founder and CEO
San Francisco company making retrofit sensor and software kits that let existing excavators dig with no operator. First driverless jobsites began in 2026
- $600M Series C at a $3.5B valuation before the new money, about 2x since February
- $3.5B before the new money, per the report
- $270M Series B (4 Feb 2026) at $1.75B, co-led by CapitalG and Valor Atreides AI Fund
- $80M seed and Series A (16 Jul 2025), led by Eclipse and 8VC
- Co-founder and CEO
- Co-founder and CTO
- Co-founder and VP Engineering
- Co-founder and VP Engineering