Latest news with #VenkatRaju
Economic Times
4 days ago
- Business
- Economic Times
Spacetech startup Xovian raises $2.5 million to build radio frequency satellites
Agencies Bengaluru-based spacetech startup Xovian Aerospace has raised $2.5 million in pre-seed funding to build artificial intelligence (AI)-native radio frequency (RF) satellite infrastructure. The round was led by Piper Serica and Turbostart, with participation from Inflection Point Ventures (IPV) and support from Eaglewings Ventures. The startup said unlike conventional satellites that rely on optical data and miss critical, obscured, or covert activity, Xovian's AI-native RF satellites can capture and decode dynamic signals to provide data to various sectors. Xovian's cofounder, Ankit Bhateja, told ET that there is a gap in the satellite imagery market, noting that industries like maritime, aviation, and defence needed real-time action tracking rather than just change detection provided through images. 'RF data collected from maritime vessels, aircraft, and military sites will be fused into an AI-powered decision intelligence platform to offer actionable intelligence,' he startup has completed ground testing of its technology and is planning space trials by the end of the year using ISRO's PSLV fourth stage, which is designated for in-orbit scientific experiments. Xovian aims to deploy a constellation of over 10 satellites by 2027 to provide global, 24/7 radio frequency said the startup is in discussions for pilot runs with about six customers across Southeast Asia and the Middle East, with three companies in maritime, oil and gas, and weather forecasting already agreeing to onboard. 'Our vertically integrated architecture ensures low latency, high fidelity, and complete control from space to insights. With multi-domain, multi-industry relevance, Xovian produces up to six times more data value per dollar than conventional systems,' the startup said in a statement. VC firm TurboStart said a radio-based nanosatellite constellation with AI-driven analytics is timely and necessary. 'We believe they're laying the foundation for a sovereign geospatial intelligence stack that can compete globally, and we're excited to be partnering with them in this journey,' Venkat Raju, CEO of TurboStart, said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. As RBI retains GDP forecast, 4 factors that will test the strength of Indian economy Is Shadowfax closing in on its closest rival? Can Coforge's ambition to lead the IT Industry become a reality? Berlin to Bharuch: The Borosil journey after the China hit in Europe Stock Radar: Syngene International showing signs of momentum after falling 26% from highs; what should investors do? Two Trades for Today: A life insurance major for a 4.85% upmove, a mid-cap diesel engine maker for almost 7% rise Multibagger or IBC - Part 18: This auto ancillary started with wheels. It now also powers wind & war Auto stocks: Yes, headwinds in the short term, but will structural change become tailwinds and prove analysts wrong?
Time of India
4 days ago
- Business
- Time of India
Spacetech startup Xovian raises $2.5 million to build radio frequency satellites
Bengaluru-based spacetech startup Xovian Aerospace has raised $2.5 million in pre-seed funding to build artificial intelligence (AI)-native radio frequency (RF) satellite infrastructure. The round was led by Piper Serica and Turbostart, with participation from Inflection Point Ventures (IPV) and support from Eaglewings startup said unlike conventional satellites that rely on optical data and miss critical, obscured, or covert activity, Xovian 's AI-native RF satellites can capture and decode dynamic signals to provide data to various cofounder, Ankit Bhateja, told ET that there is a gap in the satellite imagery market , noting that industries like maritime, aviation, and defence needed real-time action tracking rather than just change detection provided through images.'RF data collected from maritime vessels, aircraft, and military sites will be fused into an AI-powered decision intelligence platform to offer actionable intelligence,' he startup has completed ground testing of its technology and is planning space trials by the end of the year using ISRO's PSLV fourth stage, which is designated for in-orbit scientific experiments. Xovian aims to deploy a constellation of over 10 satellites by 2027 to provide global, 24/7 radio frequency said the startup is in discussions for pilot runs with about six customers across Southeast Asia and the Middle East, with three companies in maritime, oil and gas, and weather forecasting already agreeing to onboard.'Our vertically integrated architecture ensures low latency, high fidelity, and complete control from space to insights. With multi-domain, multi-industry relevance, Xovian produces up to six times more data value per dollar than conventional systems,' the startup said in a firm TurboStart said a radio-based nanosatellite constellation with AI-driven analytics is timely and necessary. 'We believe they're laying the foundation for a sovereign geospatial intelligence stack that can compete globally, and we're excited to be partnering with them in this journey,' Venkat Raju, CEO of TurboStart, said.
