Deeptech startup Astrome Applied sciences on Monday mentioned it secured $10 million in funding led by Apollo Fund, with follow-on investments from IAN Group.
The Bengaluru-based agency will use the capital to advance wi-fi connectivity applied sciences, scale operations, increase product strains, strengthen its presence in terrestrial communications, and enter the satellite tv for pc communication market.
“With this capital, we intention to revolutionise the communication panorama by providing cutting-edge options for each floor and house communication. This foray into the satcom market represents the well timed realisation of the imaginative and prescient with which this firm was based—to drive innovation and create options that improve connectivity on a worldwide scale,” mentioned Neha Satak, CEO of Astrome, in an announcement.
Based in 2015 by Neha Satak and Prasad H L Bhat, Astrome’s GigaMesh product works with optical fibre programs to help 5G and 6G connectivity. It incorporates options like digital auto hyperlink alignment and point-to-multipoint connectivity to allow faster deployment, decrease prices, and improved community efficiency.
The deeptech agency intends to make use of the funding to extend manufacturing capability and develop next-generation options for a worldwide market. It plans to provide its GigaMesh product to the abroad market by way of partnerships with world OEMs.
The startup develops patented millimetre-wave E-band radios and satellite tv for pc communication merchandise to advance 5G and rural telecommunication infrastructure. Its applied sciences intention to rework digital infrastructure, enabling high-bandwidth connectivity throughout land, sea, and air.
The Bengaluru and California-based firm had raised $3.4 million in a bridge spherical in 2021.
