PE-VC Fund Investments
Defence-tech co. Armory raises Rs.13-Cr led by GrowX Ventures
Gurugram-based defence-technology startup Armory has raised INR 13 crore in a funding round led by GrowX Ventures. Participants in the round include Industrial 47, Antler, AC Ventures and Dexter Ventures.Armory will invest the fresh capital in research and development (R&D) and scale up its manufacturing capacity, enabling faster field-to-force deployment cycles.Founded in 2024 by Amardeep Singh, Armory develops indigenous Counter-Unmanned Aircraft Systems (C-UAS) designed to detect, deny, and destroy rogue drones. The company’s flagship system, SURGE has already completed field trials with multiple Army regiments.
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