Defence-tech startup Ammunic Systems raises $1.1 Mn in seed round

Defence tech startup Ammunic Systems has raised $1.1 million in a seed funding round co-led by India Accelerator and its multistage VC arm Finvolve.

The proceeds will be channeled towards scaling existing products and building new indigenous defence technologies, Ammunic Systems said in a press release.

Launched in September 2024, Ammunic Systems is a defence R&D firm focused on the design and development of weapon systems with core…