New Delhi, Sept. 25 -- Cosmoserve Space, a startup founded by former ISRO scientist Dr Chiranjeevi Phanindra, has raised $3.17 million in an oversubscribed pre-seed round to develop autonomous robotic spacecraft aimed at mitigating orbital debris. The company described the round as "one of the largest-ever raises at the ideation stage for a space tech company".

The investment was led by Alan Rutledge, with participation from AUM Ventures and Shakti VC. Ram Shriram, an early investor in Google and a long-time board member, has also joined as a key investor. The company cited additional backing from Pawan Kumar Chandana, co-founder of Skyroot Aerospace.

"We are thrilled to partner with such visionary investors who share our passion for cr...