India, April 29 -- Deeptech startup Optimized Electrotech has raised Rs.35 Cr (about $3.7 Mn) in a funding round led by Exfinity Ventures, with participation from Blume Ventures, Mela Ventures and Venture Catalysts Group Angel Fund.

The startup plans to use the capital to foray into space-based sensing. It will deploy the funds for satellite development, expanding its infrastructure and growing its presence in defence and security applications.

The startup claims to have already secured initial orders for its satellite platform. It eventually aims to build a constellation of satellites that can offer continuous, real-time imaging and surveillance.

Founded in 2017 by Sandeep Shah and Dharin Shah, Optimized Electrotech builds electro-opt...