SOURCE: AFI
IG Drones, a leading Odisha-based drone technology startup, has secured $1 million in its first round of funding. This significant investment will be primarily utilized to accelerate research and development efforts in the defense sector. The company also has ambitious plans to raise an additional $3 million within the next six months to further expand its operations both domestically and internationally.
Bodhisattwa Sanghapriya, the founder and CEO of IG Drones, emphasized the company’s unwavering commitment to innovation, research and development, talent acquisition, and global expansion. He expressed confidence in the company’s exponential growth trajectory, solidifying its position as a leader in drone technology and artificial intelligence (AI).
The first round of funding will play a pivotal role in bolstering IG Drones’ advanced research and development initiatives in drone technology. Additionally, it will support the company’s efforts to foster the growth of the drone technology landscape in India, aligning with the government’s vision of promoting cutting-edge technology. By leveraging advanced drone technology and AI, IG Drones aims to provide valuable services to various industries through predictive analytics.
The company’s flagship product, the AI-powered Jaga drone, has garnered widespread acclaim for its cutting-edge technology and exceptional performance. As India’s first AI on edge drone, the Jaga drone exemplifies IG Drones’ dedication to innovation and excellence.
IG Drones has made significant strides in the drone technology industry, including developing India’s first 5G drone and collaborating with both the defense sector and other leading companies. The company’s Kisaan drone is revolutionizing the agricultural sector by offering farmers innovative solutions to enhance their productivity and efficiency.
With this new funding, IG Drones is well-positioned to continue its growth trajectory and make a substantial impact on the drone technology industry. The company’s focus on defense drone development and its commitment to innovation align with the government’s vision for a self-reliant and technologically advanced India.