One of the most important defense tech companies in India has just raised a new mega round of venture capital funding.

What’s happening:

  • Indian drone company Raphe mPhibr has raised $100M USD in a new Series B financing round
  • The new funding round was led by General Catalyst

Why it matters:‍

  • Raphe mPhibr’s Series B financing round is the single largest venture capital raise for a defense tech company in the history of India

Going deeper:‍

  • Raphe mPhibr has developed one the most advanced drone swarms in the world and has publicly stated they plan to use the new infusion of capital to significantly scale up their manufacturing capacity within India
  • The Indian Army, Navy and Border Security Force have all entered into large scale contracts with Raphe mPhibr to leverage their drone hardware and electronic warfare technology

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