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NRT secured $52M in a bridge funding round to bolster defense capabilities with cutting-edge swarm drone tech.

PRIVATEMar 04, 2024•over 2 years ago

Amount Raised

$52 Million

Aviation & Aerospace

Investors

Small Industries Development Bank Of India (Sidbi)State Bank Of India's Startup Hub

Description

NewSpace Research & Technologies (NRT) announced the successful closure of a significant financial milestone, securing a total of $52 million in a bridge funding round. The capital comprises $33 million in equity from top-tier investors and an additional $19 million in debt facilities from the State Bank of India's startup hub and the Small Industries Development Bank of India (SIDBI), enabling NRT to bolster defense capabilities with its cutting-edge swarm drone technology.

Company Information

Company

NewSpace Research & Technologies (NRT)

Location

Sahakar Nagar Road

About

A burgeoning force in the global defense sector specializing in swarm drone technology.

Predictive Intelligence
Strategic

ML-powered predictions for NewSpace Research & Technologies (NRT)'s next move

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.

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