Drone maker ideaForge has shut its Series B financing round of $20 million driven by Florintree, which is helmed by the previous Blackstone India private value co-head, Mathew Cyriac.
The round additionally saw interest from its current financial backers, for example, Celesta, which is an unmistakable profound tech speculation store, Infosys, Qualcomm and Infina, alongside the Exim Bank of India.
Established in 2007, ideaForge is loaded with over 15 years of innovative work (R&D) with north of 20 worldwide licenses. It overwhelms the Indian market with its robots being conveyed for a mission like clockwork by safeguard, country security and venture clients.
With a proven delivery record, ideaForge brags of being the primary Indian OEM to sack rehash contracts from the Indian Army for its SWITCH UAVs. Its clients likewise incorporate the Indian Navy, Air Force, State Police Forces, BSF, NSG, CRPF, Adani, L&T, Indian Oil, Survey of India, Indian Railways, etc. “ideaForge is extremely glad to be related with Florintree, which has a demonstrated history of assisting associations with opening undertaking esteem. ideaForge has developed 10X over the most recent two years and we will utilize this financing to put resources into R&D, global extension and building a top notch group. We need to keep on making superior execution, solid and independent robots that motivate the reception of this innovation,” said ideaForge CEO Ankit Mehta.
