VC Fund Investments
Defence-tech startup Constelli raises $3-M led by Pravega Ventures
Hyderabad-based aerospace and defence-tech startup Constelli has raised USD 3 million in a pre-Series A funding round led by Pravega Ventures. This is the company's first institutional funding round.The new funds will be used towards capital expenditure and research and development (R&D) of new products.Founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, Constelli develops advanced signal processing solutions and tools that enhance the design, development, and testing of critical aerospace and defence systems. Its clients include the Ministry of Defence, the Defence Research and Development Organisation (DRDO), as well as defence contractors in South Korea, Australia, and Singapore.
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