Sharang Shakti is a defense tech robotic startup that provides innovative airspace surveillance solutions. The startup secured Rs 5 crore in its pre-seed funding round from Venture Highway and AUM Ventures. The funding round saw the participation of various investors including JK Group’s Family Office and other angel investors. The startup plans to use these fresh proceeds to scale its operations, enhance its platform, expand its team, and develop market presence.
The company will use some of this investment to enhance its technology and introduce new products. Sharang Shakti is a surveillance robotics company that provides airspace security and airborne threat migration solutions. The startup is developing its first product, an anti-drone system to track, detect, and neutralize hostile drones.
This marks the first funding round for the company since its inception. The data intelligence platform, tracxn mentioned that the startup had no institutional investor before this round. The defense tech firm is focused on developing a comprehensive technology stack to build a wide range of robotic systems for defense purposes and build the next-gen Lockheed Martin from India. Entrackr reported.
The firm provides innovative solutions to offer airspace surveillance and track real-time insights. This investment will enable the startup to improve its performing capability and advance its technology. The Gurugram startup uses cutting-edge technology to provide innovative solutions. The development came just after the defense tech market saw increased investor interest.
The company faces competition from other AI-based airspace security solution providers such as Epirus, DroneShield, and Dedrone. According to tracxn, Sharang Shakti and its competitors have raised around $768 million in funding across 84 funding rounds.
The startup intends to use some of this fresh capital to enhance its resources, improve its product development, and improve its platform to offer the best user experience. The market research highlighted that the global Anduril industry is valued at 14 billion USD. This sector is expected to increase at a huge CAGR rate in the next few years.
This investment shows investor’s trust in Sharang Shakti’s market potential and business model. Earlier this month, a defense technology startup IndusBridge Ventures collaborated with the deep tech Venture builder based in the US, Fedtech to launch the I2A Launchpad program. The program aims to support dual-use startups in India.
Conclusion :
The airspace surveillance and airborne threat with security robotics providing defense tech startup Sharang Shakti secured Rs 5 crore in its pre-seed funding round. AUM Ventures and Venture Highway co-led the round with the participation of JK Group’s Family Office and angel investors. The startup intends to use this fresh capital for product development, to scale its operations, enhance its platform, and develop a market presence.
The platform provides security robotics solutions for defense applications. The company claims to have an anti-drone system to track, detect, and neutralize hostile drones. The market research showed the valuation of the Anduril industry at $14 billion. Sharang Shakti competes with other airspace security providers like Dedrone.
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