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The Mumbai-based startup will deploy the fresh capital to expand its engineering team, among others.
The startup is building systems for the defence, aerospace and space sectors.
The funding round also saw participation from existing investors Kunal Shet and Parth D Bhasin.
The Bengaluru-based startup will use the fresh capital to strengthen its technology and product capabilities and expand its experience supply across existing markets.
The funding round saw participation from Foundation Capital.
The fresh capital will be used for product development, customer deployments, and expanding its engineering teams across the US, India, and Israel.
The funding round also saw participation from angel investors Afsar Ahmad, Jani Pasha, and Arpit Dave.
The MoU will initially remain valid for three years and can be renewed through mutual agreement.
The funding round also saw participation from Sharad Sanghi, Antler India, Sandeep Singhal and Paula Mariwala.
The court said police can freeze bank accounts during an investigation without prior Magistrate approval, while also upholding scrutiny of Jar’s digital-gold business under criminal law.
The Bengaluru-based startup will use the fresh capital to accelerate the development of enterprise-grade AI solutions and strengthen its Forward Deployed Engineer (FDE) model, among others.
The acquisition also gives GalaxEye access to StarOps’ qualified satellite bus platforms in the 50 kg, 150 kg and 250 kg categories.
The round also witnessed participation from existing investors Chiratae Ventures, Varanium Fintech Fund, and VCMint.
The funding round was raised from VC firms Stellaris Venture Partners and 3one4 Capital, and a group of prominent angel investors including Swiggy CEO Sriharsha Majety.
The Mumbai-based startup will use the fresh capital primarily to scale its enterprise sales infrastructure and fund advanced research and development.
In addition, the company raised Rs 110 crore in debt from IDFC and Axis Bank.
The investment round also saw participation from prominent angel investors including Abhishek Goyal (Tracxn) and Mekin Maheshwari (Flipkart).
