Ammunic Systems, a defence technology startup, has successfully raised $1.1 million in a seed funding round, with India Accelerator and its venture capital arm, Finvolve, leading the investment. The funds will be used to enhance existing products and develop new indigenous defence technologies. Founded in September 2024, the Bengaluru-based company specializes in research and development of weapon systems, focusing on advanced electronic fuzes, warheads, and munition integration technologies. With a commitment to precision and safety, Ammunic Systems aims to become a leading innovator in defence and aerospace, providing cutting-edge solutions for current and future warfare. Founder Priyanka Singhal emphasized that the investment signifies confidence in their mission to position India at the forefront of global security innovation. India Accelerator and Finvolve have a robust portfolio of defence tech companies, including IG Drones, Indrajaal, and Zulu Defence.
Has Ammunic Systems secured $1.1 million in seed funding?
