Dhruva Space Secures USD 9 Mn Funding from IAN Alpha Fund, Technology Development Board, and Others
by Entrepreneur
Entrepreneur— The Hyderabad-based platform aims to deploy the raised funds for upcoming spacecraft manufacturing facilities, strategic business acquisitions, and enhancing product offerings.
ETtech.com—Dhruva Space bags $9 million from IAN Alpha Fund, others. Spacetech startup Dhruva Space has raised $9.4 million (Rs 78 crore) in a mix of equity and debt from IAN Alpha Fund, Technology Development Board and other existing investors in its latest funding round. The capital infusion, of which Rs 24 crore was in debt, will help the Hyderabad-based startup set up its first phase of its 2.8 lakh sq ft spacecraft manufacturing facility in the city, founder and CEO Sanjay Nekkanti told ET.The latest funding comes amid a big push from the government towards...
Music Business Worldwide—Range Media Partners secures funding from Liberty Global, TPG Chair David Bonderman and others. The management and production firm has been expanding its presence in the music business Source
Rappler—US Homeland Security names AI safety, security advisory board. The board will develop recommendations for the transportation sector, pipeline and power grid operators, internet service providers and others to 'prevent and prepare for AI-related disruptions to critical services that impact national or economic security, public health, or safety'