VC Fund Investments
5G wireless deep-tech startup Astrome raises $3.4 M from IAN Fund, Urania Ventures, others
Astrome, a Bengaluru, and San Diego (CA)-based 5G wireless deep-tech startup, has raised USD 3.4 million in a round led by IAN Fund, Urania Ventures (Germany) and Lakshmi Narayanan, Co-Founder of IT Services firm Cognizant. Other investors who joined the round include Impact Collective (South Korea), ArtPark (India) and a consortium of US-based angel investors. Astrome had earlier raised funds from angel investors and the Indian Institute of Science, Bengaluru. The company would use the funds to expand into the US market, strengthen global operator trials, and for further commercialisation of its core technology through new products. Founded by serial entrepreneurs Dr Prasad HL Bhat and Dr Neha Satak in 2015, Astrome provides Gigabit speed telecommunication solutions to telecom service providers, enterprises and defence.
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