Astrome bags funding from angel investors

Astrome, a wireless deep-tech startup, has raised $3.4 million in a round led by IAN Fund, Urania Ventures (Germany), and Mr. Lakshmi Narayanan, Founder, Cognizant.

Other investors who joined the round include Impact Collective (South Korea), ArtPark (India) and a consortium of US-based angel investors. Previously, Astrome has raised from prominent angel investors and the Indian Institute of Science, Bangalore.

The company has raised this round to expand into the US market, strengthen global operator trials, and further commercialization of its core technology through new products.

Founded by Dr. Prasad H L Bhat and Dr. Neha Satak in 2015, Astrome provides Gigabit speed telecommunication solutions to telecom service providers, enterprises, and defence. It is also accelerating the deployment of 5G in suburban and broadband in rural areas through its patented telecom radios and satellite communication products.

“This market is expanding quickly due to the rising need for mobile and broadband communication infrastructure as a result of the change in lifestyle in the last 2 years,” Neha Satak, Co-Founder of Astrome said.

In the upcoming years, the company will also be launching its Flat Panel Satellite (FPS) terminal, GigaSat that will serve the need for low-cost user terminals.