Astrome Technologies, a deep-tech startup specializing in advanced wireless communication solutions, has successfully raised $10 million in a funding round led by Apollo Fund, with additional investments from IAN Group.
Founded in 2015 by Neha Satak and Prasad H.L. Bhat, Astrome has developed innovative products aimed at enhancing global connectivity. The company plans to utilize the new capital to:
- Advance wireless connectivity technologies
- Scale operations
- Expand product lines
- Strengthen its presence in terrestrial communications
- Enter the satellite communication (satcom) market
Astrome's flagship product, GigaMesh, integrates with optical fiber systems to support 5G and 6G connectivity. Key features include electronic auto link alignment and point-to-multipoint connectivity, enabling faster deployment, reduced costs, and improved network performance.
CEO Neha Satak stated, "With this capital, we aim to revolutionize the communication landscape by offering cutting-edge solutions for both ground and space communication. This foray into the satcom market represents the timely realization of the vision with which this company was founded—to drive innovation and create solutions that enhance connectivity on a global scale."
The company has already made a significant impact on rural connectivity through partnerships with the Indian government, delivering broadband access to remote villages. Astrome boasts a proven track record of delivering groundbreaking technologies, trusted by high-profile clients such as the Indian Army, Indian Navy, and BSNL.
Our Opinion on the News
Astrome Technologies' successful funding round underscores the growing demand for advanced wireless communication solutions. The strategic focus on both terrestrial and satellite communications positions the company to address connectivity challenges across diverse environments. By leveraging their innovative GigaMesh technology, Astrome is well-placed to make significant contributions to the global 5G and 6G infrastructure, potentially bridging digital divides and enhancing network performance worldwide.