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Digantara, a spacetech firm, secured $2.5 in a seed round to put the money into product development and deploy its first satellite into low-Earth orbit (LEO).
Digantara, a spacetech startup, has raised $2.5 million as part of their seed funding round led by Kalaari Capital.
Digantara plans to utilize the funds to expedite product development and launch its first satellite (technology demonstration mission) into low-Earth orbit (LEO), according to the official announcement.
The SID-IISc-incubated business aims to increase the safety of space operations while also boosting orbital sustainability.
In the dawn of the new space era, space safety and sustainability is a major concern to the proliferated LEO Ecosystem. Just like the aviation sector, space inevitably requires an efficient traffic management system. We are elated to be supported by Kalaari Capital and to partner with Mr. Ravinder Singh and team for expressing affirm confidence in Digantara and joining us in the journey of building a global space company. This funding will add more fuel to our spaceflight payload development and accelerate the launch of our first mission.Anirudh Sharma, CEO of Digantara
Digantara is a space surveillance and space situational awareness (SSA) company founded in 2018 by Anirudh N Sharma, Rahul Rawat, and Tanveer Ahmed. Its mission is to maintain track of objects in orbit and anticipate where they will be at any given time. Its goal is to eliminate the possibility of space collisions by resolving issues with space debris.
Digantara is developing active surveillance technology-based solutions to give accurate orbital insights to assure continuing safe space activities, according to Mr. Sharma.
In orbit, large fleets of satellites must continuously maneuver to avoid one another and potentially harmful space debris. This can only be accomplished with increased supervision of collision avoidance instructions, for which SSA is critical, the startup stated.
The firm had previously been awarded a grant of Rs. 50 lakh (approx. USD 67K) after winning the ISRO ARISE ANIC – Category 3 Space Robotics/VR/AR/Outer Space Monitoring program. They have just won the OneWeb Innovation Challenge for 2021. Digantara will collaborate with OneWeb on an unnamed research and development initiative as part of this.
Dr. Satyanarayana Malladi, former Project Director, Space Borne Lidar at ISRO’s Vikram Sarabhai Space Centre, recently joined Digantara as its Chief Scientific Officer (CSO).
Digantara’s solutions, according to Ravinder Pal Singh, partner at Kalaari Capital, would assist in tackling challenges connected to space debris and give infrastructure support to commercial space missions.
Space situational awareness will be a critical component for the functioning of the Lower Earth Orbit economy. As the new space economy grows, Digantara’s offerings not only help deal with space debris but will be the infrastructural enabler on which commercial missions to space and space-based services will be built. Digantara’s young founders’ passion, capability, and sincerity of purpose to explore, discover and contribute to the journey of space and solve its ambiguities is inspirational.Ravinder Pal Singh, partner at Kalaari Capital