The Indian extended reality startup AjnaLens has raised INR 12 crore (USD 1.6 million) to invest in tech innovation and expand its team and customer base. LetsVenture, JITO Angel Network, and other angel investors participated in the investment round.
The company has filed for more than 15 national and international patents associated with augmented reality tech. It already has an impressive client list, including the Indian Army, Indian Navy, DRDO, Ministry of Defence, President of India, Tata Technologies, Vedanta, L&T, Cymax Infotainment, Forster Consulting, PM Experts, VR Coating, Maharashtra State Innovation Society, among others.
The company was founded back in 2014 by Pankaj Raut, Abhishek Tomar, and Abhijit Patil. It specializes in emerging technologies, such as augmented reality, virtual reality, artificial intelligence, and more, to facilitate defense and educational applications.
JITO Angel Network’s Vice Chairman, Sunil Kumar Singhvi, said, “Just a few years back, startup companies were lagging far behind in competing with established defense companies. Thanks to the startup revolution, the Indian defense system is booming with a range of defense startups.”
The company revealed that it had developed critical solutions within the security and defense domains with several indigenous technologies, including the iDex challenges.
“We will continue to create sustainable impact by facilitating digital transformation across public and private sectors. Current projects with the Ministry of Defence’s iDEX initiative and Tata Technologies are examples of effective collaboration for lasting impact,” said Abhijit Patil, co-founder, and COO at AjnaLens.
AjnaLens is also leading the upgradation of India’s existing MANPAD (Man-Portable Air-Defense System) by delivering enhanced vision capabilities to operators for effectively engaging the target.
Follow us on LinkedIn
Read other Articles