Speciale Invest joined by Anicut Angel Fund and others because it pitches in into Astrogate Labs’ imaginative and prescient of area heritage and extra.
Astrogate Labs, a Bengaluru based space-tech startup based by Nitish Singh and Kedlaya in 2017 raised a confidential quantity of funds in its Pre-Series A funding spherical led by Speciale Invest on 24 November. The funding spherical additionally noticed participation from Anicut Angel Fund, SuprValue.vc and current investor FirstCheque.vc. The firm goals to make use of the funds to launch its flight terminals into area to attain its greater purpose of constructing a complete chain of optical communication techniques. Astrogate plans to construct area heritage in 2021.
Commenting on the fundraise, Nitish Singh, co-founder and CEO, Astrogate Labs stated, “Our focus has been and continues to be on solving the space communication bottleneck. The current fundraiser is a validation of our vision. We are overwhelmed by the trust our investors have shown in us.”
“Currently, space systems largely rely on RF protocols for interplanetary, inter-satellite and space-to-ground communication. RF works but is both limiting on bandwidth and expensive. We are excited to partner with Astrogate Labs, which we believe is disrupting the small satellite communication market – by increasing bandwidth 10x+ and reducing cost 10x+. The team has a unique mix of domain strength and tenacity that will get them to space,” stated Vishesh Rajaram, managing associate, Speciale Invest.
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