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Drone startup raises Rs 6 cr in a pre-Series A funding round


UrbanMatrix Technologies, a drone technology startup, has successfully raised Rs 6 crore in a Pre-Series A funding round led by Inflection Point Ventures, a prominent venture capital firm. UrbanMatrix specializes in industrial-grade drones and cloud integration software for drones, catering to a wide range of industries and operations including surveying, surveillance, agriculture, AI-based inspections, and defense.

The funds secured in this round will be allocated towards critical areas such as product development, team expansion, and market expansion. UrbanMatrix’s drone technology has garnered attention for its versatility and wide-ranging applications.

Founded in 2019 by IIT graduates Rishabh Verma, Ashutosh Kumar, Divyanshu Pundir, and Ajay Karthik, UrbanMatrix is at the forefront of quantum encryption technology with cloud integration, ensuring data security and reliability across various industries.

UrbanMatrix has forged strategic partnerships with ISRO, Paras Aerospace, and ATV, while also securing DGCA certification for 4G/5G-enabled drones like the UMT Hawk4G and holding patents for innovations like NextCC and unique drone designs.

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