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Spacetech startup Astrogate Labs raises funding in pre-Series A round

Astrogate Labs, a spacetech startup, based out of Bengaluru, has bagged a confidential amount of funding in a pre-Series A round from Speciale Invest.

The development comes at a time when another spacetech startup Bellatrix Aerospace has raised funding from group of investors, including Bollywood actor Deepika Padukone.

“With the unprecedented increase in the launch of satellites for varied use cases, there is a strong need to disrupt the way satellites communicate and break barriers to increase bandwidth and reduce costs of communication. We believe that Team Astrogate are on the path to disrupt this billion-plus market opportunity,” Vishesh Rajaram, managing partner, Speciale Invest, said.

Astrogate Labs was founded by Nitish Singh and Aditya Kedlaya in 2017.

The company intend to build entire chain of optical communication system. The vertical includes compact optical communication terminals, ground receiver stations, space relay systems, related software systems for data retrieval.

Communication terminals can be used as part of inter-satellite links as part of intra-constellation communication, satellite-to-ground communication, communication between high altitude platforms (HAPs) and unmanned aerial vehicles (UAVs), terrestrial line-of-sight communication links.

While, Speciale Invest is a Bengaluru-based startup investor. It is an early stage investor focusing on Tech-driven/Deep-tech ventures. It invested and advised over 30 companies across India, Israel and the Valley.

“The space technology sector in India is observing an unprecedented expansion with innovators and investors alike who are convinced of the opportunity. Speciale Invest’s experience in building and supporting deep tech companies and its conviction in spacetech. will further help us as we scale and mature the technology for flight readiness,” Nitish Singh, founder at Astrogate Labs said.

Nitish further said that the startup is also looking to commercialise its terrestrial point-to-point optical terminals by the end of 2019.

Astrogate Labs has many big plans up its sleeve, including a small-aperture optical ground terminal, and plans to set up a network of optical ground stations. This will simplify and reduce the cost of satellite operators.

On the other hand, there are other spacetech startups that includes Deep SpaceMomentus Space Industries, and Tethers Unlimited.

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