Defence tech startup Constelli raises $3 million in round led by Pravega Ventures

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Aerospace and defence tech startup Constelli has raised $3 million in a pre-Series A funding led by Pravega Ventures.

The company plans to use the funds for capital expenditure and research and development (R&D) of new products.

This marks the first institutional funding round for the Hyderabad-based company.

Founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, Constelli specialises in developing advanced signal processing solutions and tools that enhance the design, development, and testing of critical aerospace and defence systems.

“We leverage modern technologies and advancements in hardware and software, modelling and simulation, and distributed computing to achieve this transformation. This funding empowers us to invest in new product development and expand our sales and marketing efforts,” said Chenreddy, who is also its chief technology officer.


Constelli focuses on enhancing technical sophistication and expediting the development lifecycle of payloads for airborne and ground defence platforms. Its products and services are used globally by organisations developing radar and electronic warfare (EW) systems.

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The company’s clientele includes India’s ministry of defence, the Defence Research and Development Organisation (DRDO), and defence contractors in South Korea, Australia and Singapore.The funding comes at a time when aerospace and defence tech startups are drawing increased investor interest. During the period 2020 to October 2024, the sector has attracted $184 million in total equity funding, according to data intelligence platform Tracxn. Leading startups in the space include NewSpace Research & Technologies, IdeaForge, and Garuda Aerospace, among others.

“Constelli is a leading innovator in the Radar and EW domain,” said the spokesperson at Pravega Ventures. “We are impressed with the company’s strong team and their consistent growth over the years. We firmly believe that Constelli has the potential to become a global leader in the defense technology sector.”



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Defence tech startup Constelli raises $3 million in round led by Pravega Ventures


Aerospace and defence tech startup Constelli has raised $3 million in a pre-Series A funding led by Pravega Ventures.

The company plans to use the funds for capital expenditure and research and development (R&D) of new products.

This marks the first institutional funding round for the Hyderabad-based company.

Founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, Constelli specialises in developing advanced signal processing solutions and tools that enhance the design, development, and testing of critical aerospace and defence systems.

“We leverage modern technologies and advancements in hardware and software, modelling and simulation, and distributed computing to achieve this transformation. This funding empowers us to invest in new product development and expand our sales and marketing efforts,” said Chenreddy, who is also its chief technology officer.


Constelli focuses on enhancing technical sophistication and expediting the development lifecycle of payloads for airborne and ground defence platforms. Its products and services are used globally by organisations developing radar and electronic warfare (EW) systems.

Discover the stories of your interest


The company’s clientele includes India’s ministry of defence, the Defence Research and Development Organisation (DRDO), and defence contractors in South Korea, Australia and Singapore.The funding comes at a time when aerospace and defence tech startups are drawing increased investor interest. During the period 2020 to October 2024, the sector has attracted $184 million in total equity funding, according to data intelligence platform Tracxn. Leading startups in the space include NewSpace Research & Technologies, IdeaForge, and Garuda Aerospace, among others.

“Constelli is a leading innovator in the Radar and EW domain,” said the spokesperson at Pravega Ventures. “We are impressed with the company’s strong team and their consistent growth over the years. We firmly believe that Constelli has the potential to become a global leader in the defense technology sector.”



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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