Astrome, a 5G wireless deep-tech startup, has raised $3.4 million led by Indian Angel Network (IAN) Fund, Urania Ventures and Lakshmi Narayanan of Cognizant. Impact Collective, ArtPark and a clutch of US-based angel investors have also participated.
The funding proceeds will be used to expand its presence into the US market, to strengthen global operator trials, and further commercialisation of its core technology through new products, said Astrome in a press release.
With offices in Bengaluru, and San Diego, California, the company signed its first overseas deal with a South-East Asian telecom operator in 2021, besides signing a contract with Indian Defence forces to deploy GigaMesh for fulfilling the strategic communication requirements of the country.
Founded by Dr. Prasad H L Bhat and Dr. Neha Satak, Astrome provides Gigabit speed telecommunication solutions to telecom service providers, enterprises and defence.
The startup is also accelerating the deployment of 5G in suburban and broadband in rural areas through its patented telecom radios and satellite communication products, the statement added.