ideaForge has closed its Series B funding round of $20 million led by Florintree, which is helmed by former Blackstone India private equity co-head, Mathew Cyriac.
The round also saw participation from its existing investors such as Celesta Capital, a prominent deep tech investment fund, Infosys, Qualcomm, Infina, along with the Exim Bank of India.
The company will use this funding to invest in R&D, international expansion, and building a world-class team. We want to continue to create high-performance, reliable, and autonomous drones that inspire the adoption of this technology.