logo
Defence tech startup Armory raises Rs 13 crore in round led by GrowX Ventures

Defence tech startup Armory raises Rs 13 crore in round led by GrowX Ventures

Economic Times25-06-2025
Armory, a defence-tech startup focussed on counter-drone technology, has raised Rs 13 crore in a funding round led by early-stage investor GrowX Ventures.Other participants in the round include Industrial 47, Antler, AC Ventures, Dexter Ventures, and several angel investors.
The fundraise comes at a time when interest in indigenous defence manufacturing and artificial intelligence (AI)-powered security systems is growing, with India aiming to reduce import dependence and strengthen domestic capabilities.Founded in 2024 by Amardeep Singh, Armory develops indigenous counter-unmanned aircraft systems (C-UAS) designed to detect, track, and neutralise rogue drones, a growing concern amid the rapid adoption of autonomous weapons and electronic warfare globally.The company said it will use the fresh capital to accelerate research and development (R&D), expand manufacturing capacity, and speed up deployment cycles for its products. The company's flagship product, SURGE, has already undergone field trials with multiple Indian Army regiments.
Armory's systems are powered by a proprietary AI-led defence operating system called Samaritan OS, designed to offer real-time adaptability and continuous learning, features previously absent from legacy systems.
'Drones are relatively newer threats. So, the products that have been built for this to counter this threat are still in early stages,' Singh, founder and CEO of Armory, told ET.He added that many existing systems only detect drones operating on standard frequencies, whereas recent conflicts have shown that adversaries increasingly use unconventional frequencies, making such systems ineffective.
Prior to founding Armory, Singh was part of the founding team at Ideaforge, the first Indian drone firm to go public. 'India's national security priorities are rapidly evolving, and Armory is one of the few startups addressing these changes at the pace of software,' Manish Gupta, general partner of GrowX Ventures. 'Their focus on building mission-critical, AI-led defence systems from the ground up, which is fully indigenous, modular, and field-proven, represents the kind of vision we believe India's defence-tech ecosystem needs.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

After targeting India, Donald Trump mulls tariffs on China over Russian oil purchases, no final decision yet
After targeting India, Donald Trump mulls tariffs on China over Russian oil purchases, no final decision yet

Mint

time20 minutes ago

  • Mint

After targeting India, Donald Trump mulls tariffs on China over Russian oil purchases, no final decision yet

S President Donald Trump is considering imposing tariffs on China over its purchases of Russian oil, in a move similar to the one recently taken against India, according to Vice President JD Vance. Speaking to Fox News, Vance said no final decision has been made but confirmed that the idea is under discussion. Earlier this week, Trump announced tariffs on India, citing its continued imports of Russian oil. The discussions reflect growing concern within Trump's circle over Beijing's role in supporting Moscow's economy amid the ongoing war in Ukraine. The measure would aim to pressure China to reduce its energy trade with Russia. Vance emphasised that the idea remains under consideration and no formal policy has been set. China has significantly increased its imports of discounted Russian crude since the start of the Ukraine war in 2022, helping offset the impact of Western sanctions on Moscow. Washington has previously warned Beijing that such purchases undermine international efforts to isolate Russia economically. If enacted, new tariffs could mark an escalation in Trump's already tough trade stance toward China. The White House last week issued an Executive Order imposing an additional 25 percentage points in tariffs on all Indian goods, raising the total duty to 50%. The move, announced by Trump, targets India's continued imports of Russian oil, which the administration says undermine US foreign policy and national security interests. The new tariffs will take effect 21 days after the signing of the order, providing a brief window for India and Russia to potentially negotiate with Washington on the import taxes. White House Trade Adviser Peter Navarro said India faced the steep hike due to its 'refusal' to halt purchases of Russian crude — a trade the US claims is helping fund Moscow's war in Ukraine. Since 2022, Russia's share of India's total oil imports has surged from 1.7% to 35.1%, making it India's largest oil supplier. The shift has been driven by discounted Russian crude, often capped at $60 per barrel, which India says is critical for its energy security. President Trump announced last week that the US would not engage in new trade negotiations with India until the tariff dispute is resolved. The Executive Order also allows for further expansion or reduction of tariffs depending on a country's alignment with US national security and foreign policy objectives. The penalty on India follows the administration's earlier trade actions against other countries but contrasts with a softer approach toward China. While Beijing currently faces a 30% tariff, Treasury Secretary Scott Bessent has suggested its August 12 deadline could be extended if trade talks progress. If implemented as planned, the 50% tariffs mark one of the harshest trade measures taken by Washington against a major economic partner in recent years, potentially escalating tensions between two of the world's largest democracies.

Delhi's Holambi Kalan e-waste plant to double capacity after Norway study
Delhi's Holambi Kalan e-waste plant to double capacity after Norway study

Business Standard

time20 minutes ago

  • Business Standard

Delhi's Holambi Kalan e-waste plant to double capacity after Norway study

Delhi's first E-Waste Eco Park in Holambi Kalan will now be twice as big and powerful, Environment and Industries Minister Manjinder Singh Sirsa said. Initially designed to process 51,000 metric tonnes of e-waste annually with an investment of Rs 150 crore, the Holambi Kalan plant will now be built to handle 1,10,000 MT per year, covering almost twice the area and with nearly double the capital expenditure, according to a government statement. The decision comes after Sirsa's August 4-5 inspection of the Revac facility in Norway's Revetal, regarded as one of Europe's most advanced and environmentally compliant e-waste plants, it said in the statement. Sirsa said the upgraded project will adopt a global zero-waste model, ensuring no air, water, or radiation pollution, with advanced scrubbers, in-house water purification, concretised flooring, and complete material recovery. "Our goal is integrated progress where clean industry fuels economic growth and safeguards the environment," he said. The Delhi government also plans to introduce robust third-party monitoring for compliance, inspired by Norway's non-profit inspection framework for Extended Producer Responsibility (EPR). The plant will recover aluminium, iron, and refuse-derived fuel without burning waste, promoting a true circular economy. To be developed under a public-private partnership model through the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC), the park is expected to generate over Rs 500 crore in revenue.

MEA to highlight bipartisan approach to India-U.S. relationship to Parliamentary Committee on External Affairs on Aug. 11
MEA to highlight bipartisan approach to India-U.S. relationship to Parliamentary Committee on External Affairs on Aug. 11

The Hindu

time20 minutes ago

  • The Hindu

MEA to highlight bipartisan approach to India-U.S. relationship to Parliamentary Committee on External Affairs on Aug. 11

U.S. President Donald Trump's imposition of additional tariffs on India is a result of 'flawed assumptions' and New Delhi is being dragged into a geopolitical tug of war in which it does not intend to participate, officials of the Ministry of External Affairs are poised to tell the Parliamentary Committee on External Affairs on Monday (August 11, 2025). The officials may also highlight the bipartisan nature of India-U.S. relationship and argue that ties prospered under 'both BJP and Congress-led governments'. The meeting of the Committee on External Affairs is being convened after the U.S. administration cited India's purchase of Russian oil as a trigger for additional 25% tariffs on top of the 25% 'reciprocal' tariffs announced before. In the meeting, the MEA team is expected to have a pragmatic approach to the latest challenges to the India-U.S. relationship and inform the Committee that despite the difficulties, India remains 'committed to engaging constructively' with the United States about the issues through 'dialogue and mutual respect'. 'Unilateral, punitive measures' It is learned that the Committee will be told that the U.S. decisions do not 'reflect the realities of global energy markets or India's sovereign choices' and that India considers the tariffs 'unilateral, punitive measures' that hurt global trade norms. The MEA team is expected to provide the Indian assessment of the motivation behind the actions of the U.S. President. The officials believe that the White House regards Russia's military campaign against Ukraine as an 'ongoing threat to U.S. national security and foreign policy' that requires 'strengthened measures'. Prior to the Executive Order signed by President Trump on August 6, 2025, India and the United States had been in negotiations for a 'fair, balanced and mutually beneficial bilateral trade agreement'. The MEA team is expected to tell the MPs in the Parliamentary Committee about what is perceived as 'double standards' in U.S. policy regarding trade with Russia. The Committee will also receive a detailed presentation of the historical nature of India-U.S. relationship with an emphasis on 'shared democratic values, open societies, converging strategic and economic interests and robust people to people ties'. The officials are likely to provide an overview of the 'bipartisan' nature of the relationship and how under both BJP- and Congress-led governments, the relationship has been nurtured and 'deepened'. Similar consensus between the Republicans and the Democrats in the U.S. are also expected to be in focus during the discussion. The Committee members are also likely to hear about the support President Trump has provided to India's core concern of cross-border terrorism from Pakistan, especially after the April 22 terrorist attack in Pahalgam in Jammu and Kashmir. In this regard, President Trump's approval of extradition of 26/11 attack-linked Tahawwur Rana to India is also likely to be part of the presentation. A similar mention of the declaration of The Resistance Front (TRF) as a Foreign Terrorist Organisation (FTO) and (Specially Designated Global Terrorist (SDGT) is also expected during discussions at the Committee meeting.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store