Optimized Electrotech, a deeptech surveillance startup, has secured $6 million in a Series A funding round co-led by Blume Ventures and Mela Ventures. The round also drew support from returning investors such as Venture Catalysts, 100 Unicorns, and Rajiv Dadlani Group, along with personal investment from cofounder and Managing Director Sandeep Shah.
The startup will use the funds to accelerate the development of AI-powered imaging payloads and high-speed surveillance systems for space applications. It also plans to expand its presence in international markets.
According to Shah, the funding will bolster the company’s R&D capabilities, support the rollout of next-generation technologies, and expand its footprint across key sectors in India and globally. The company is also gearing up to launch a new subsidiary focused on the space tech domain and is eyeing an additional $5 million raise in the next six months, primarily from semiconductor industry players.
Founded in 2017 by Sandeep Shah, Anil Yekkala, Dharin Shah, Kuldeep Saxena, and Purvi Shah, Optimized Electrotech develops electro-optic imaging systems for defence, aerospace, and border security. Its AI-driven platforms are designed to help government bodies, military, paramilitary forces, and mining companies tackle threats like unauthorized drone incursions.
The company operates in the multi-spectral imaging space, competing with industry leaders such as Bharat Electronics and Tata Advanced Systems.
On the financial front, the company reported a revenue dip in FY25 to Rs 3 crore, down from Rs 4.4 crore in the previous year. Net losses also widened to Rs 8 crore from Rs 5.7 crore in FY24.
The funding comes amid growing interest in deeptech startups, with increased attention from both investors and government bodies. In 2024, the Indian deeptech ecosystem saw $460 million raised across 78 deals. Netradyne, another deeptech venture, became the sole unicorn in the space during the year.
The government has also been encouraging a shift in the startup ecosystem toward high-impact sectors such as semiconductors, robotics, and deeptech. Union Minister Piyush Goyal recently highlighted the importance of moving beyond low-value businesses and prioritizing innovation-driven growth. Meanwhile, Finance Minister Nirmala Sitharaman proposed a new Rs 10,000 crore fund for startups in the 2025 Budget, alongside an additional Rs 10,000 crore for SIDBI’s startup initiative, taking the total to Rs 20,000 crore.
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