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Former Defence Secretary’s Venture Fund Backs Robotics Startup Coratia Technologies
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Former Defence Secretary’s Venture Fund Backs Robotics Startup Coratia Technologies
Underwater robotics startup Coratia Technologies has raised $2 Mn (around INR 17.1 Cr) in a Pre-Series A funding round led by MGF Kavachh, a venture capital fund floated by former defence secretary Ajay Kumar, sources told Inc42. However, the shared press release didn’t mention the funding amount. Founded by Debendra Pradhan and Biswajit Swain, Coratia Technologies was incubated at NIT Rourkela, specialising in underwater robotics. Its core pr…
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