Co-led by Blume Ventures and Mela Ventures, the deep tech startup Optimized Electrotech, which specializes in imaging surveillance technologies, has raised $6 million in a Series A fundraising round. Additionally, 9Unicorns and current investors Rajiv Dadlani Group and Venture Catalysts participated in the round.
Prior to this, the business had raised $4.5 million from its current investors.
According to a news statement from Optimized Electrotech, the money will be utilized to create next-generation AI imaging payloads, high-speed space-based surveillance systems, and to break into international markets.
Optimized Electrotech was founded in 2017 with the goal of enabling AI-driven imaging solutions for ISR and vital strategic applications. The company is run by promoters Sandeep Shah and Dharin Shah. The business creates state-of-the-art electro-optic technologies that cover the electromagnetic spectrum and improve aerospace, defense, space, and border security. Its cutting-edge surveillance systems enhance situational awareness in high-stakes situations by incorporating onboard analytics to deliver real-time intelligence.
Strategic surveillance solutions, innovation, and domestic technology development are the main priorities of Optimized Electrotech. Its products help governments, military agencies, paramilitary groups, mining companies, government agencies, and big businesses react quickly to unauthorized drone assaults.
Sandeep Shah, founder & MD Optimized Electrotech says, “Driven by strong government policies and an increasing focus on indigenous capabilities, it’s important to build critical mass within this window of opportunity. This funding round is a testament to the confidence our investors have in our vision. We are committed to leveraging this capital to further enhance our technological capabilities, expand our footprint, and contribute meaningfully to India’s strategic and security objectives”.
