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Economic Times
3w
22
Image Credit: Economic Times
Defence tech startup Armory raises Rs 13 crore in round led by GrowX Ventures
- Defence tech startup Armory, specializing in counter-drone technology, secures Rs 13 crore in a funding round led by GrowX Ventures.
- Other participants in the round include Industrial 47, Antler, AC Ventures, Dexter Ventures, and angel investors.
- The funding reflects the growing interest in indigenous defence manufacturing and AI-powered security systems in India.
- Founded in 2024 by Amardeep Singh, Armory develops indigenous counter-unmanned aircraft systems (C-UAS) to combat rogue drones.
- The company plans to utilize the funds for research and development, expanding manufacturing capacity, and faster deployment of its products.
- Armory's flagship product, SURGE, has already been tested in field trials with multiple Indian Army regiments.
- Armory employs a proprietary AI-led defence operating system, Samaritan OS, offering real-time adaptability and continuous learning.
- Founder and CEO of Armory, Amardeep Singh, highlighted the need for advanced counter-drone systems due to evolving threats from unconventional frequencies.
- Singh, previously part of the founding team at Ideaforge, emphasizes the importance of addressing India's evolving national security priorities.
- GrowX Ventures' general partner, Manish Gupta, commended Armory's focus on building mission-critical, AI-led defence systems indigenous to India.
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