Astrogate Labs, a space-tech startup has raised $1.3 million in a pre-Series funding round led by Piper Serica Angel Fund.
The funds raised will be used to further accelerate the development of its laser communication terminals for space and additional use cases in terrestrial and airborne applications, scale operations, and strengthen partnerships with space agencies and defense organisations.
Nitish Singh, Founding Team and CEO said, “This funding is a significant milestone in our growth trajectory, and we’re excited to have Piper Serica on board. Laser-comm systems are rapidly gaining market traction for their unmatched throughput and efficiency. This capital will help us scale our solutions for additional use cases in terrestrial mobile and air links.”
Abhay Agarwal, Founder, Piper Serica Angel Fund, “We expect the space economy to develop at a rapid pace. We are delighted to back an amazing team of founders at Astrogate who have spent years developing a highly innovative solution that is being eagerly welcomed by early customers. We expect the laser-based communication to be a game changer for critical sectors, across the world, that are using space-based solutions. Overall we are quite bullish on the SpaceTech space and will be soon investing in three more startups by end of April this year.”
Founded in 2017 by Nitish Singh, Yogeshwaran J, and Subhajit Chakraborty, Astrogate Labs provides end-to-end laser communication systems for secure high-speed connectivity across terrestrial and space applications.
The Bengaluru-based company has been backed by Speciale Invest, SatSure and Anicut Capital, who provided early funding to support the development of its innovative technology.
