Bengaluru-based startup plans to use funds to develop new satellites and expand team
Digantara, a space situational awareness (SSA) startup, has raised $10 million in Series A funding. The round was led by Omnivore Partners, with participation from existing investors Kalaari Capital and Inflection Point Ventures.
The funding will be used to expand Digantara’s team, develop its SSA platform, and launch new satellites. Digantara’s platform will help organizations track and mitigate the risk of collisions between satellites in space.
“We are excited to partner with Omnivore Partners and our existing investors to accelerate our growth,” said Anirudh Sharma, CEO and co-founder of Digantara. “This funding will help us to build a world-class SSA platform that will help to keep our skies safe.”
Sahil Gulati, partner at Omnivore Partners, said, “We are impressed by Digantara’s team and their vision to build a leading SSA platform. We believe that Digantara is well-positioned to capitalize on the growing demand for SSA solutions.”
Digantara was founded in 2019 by Anirudh Sharma, Rahul Rawat, and Tanveer Ahmed. The company is headquartered in Bengaluru, India.
FAQs:
- What is space situational awareness?
Space situational awareness (SSA) is the ability to track and identify objects in space, including satellites, debris, and other objects. SSA is important for ensuring the safety of space operations.
- What does Digantara’s SSA platform do?
Digantara’s SSA platform uses a variety of sensors and data sources to track and identify objects in space. The platform also provides analytics and insights that help organizations to mitigate the risk of collisions between satellites.
- How will the funding be used?
The funding will be used to expand Digantara’s team, develop its SSA platform, and launch new satellites. The company plans to use the funding to hire more engineers, data scientists, and product managers. The company also plans to use the funding to launch new satellites that will improve the accuracy and coverage of its SSA platform.
Conclusion:
Digantara’s Series A funding is a significant milestone for the company. The funding will help Digantara to accelerate its growth and build a world-class SSA platform. The company is well-positioned to capitalize on the growing demand for SSA solutions.
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