Funding
Deeptech imaging startup Optimized Electrotech raises $6 million from Blume Ventures, Mela Ventures, others
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Deeptech imaging and surveillance startup Optimized Electrotech has raised $6 million in a Series A funding round led by Blume Ventures and Mela Ventures.
Other participants in the round include 9Unicorns, existing investors Venture Catalysts, the Rajiv Dadlani Group, and the company’s own leadership.
The capital will be used to build AI-powered imaging payloads for surveillance and to expand into international markets, including Africa, cofounder and managing director Sandeep Shah told ET.
He added that the company also plans to strengthen its AI…
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