Astrome Technologies, a 5G wireless deep-tech startup with offices in Bengaluru and California has raised US$3.4 million (approximately ₹25 crore) funding in a round led by IAN Fund and Cognizant's founder Lakshmi Narayanan.
The co-investors included Urania Ventures, ArtPark (India), Impact Collective (South Korea) and some other US-based angels.
Thinking Legal advised IAN Fund and the mteam consisted of Vaneesa Agarwal (Founder) and Sanyukta Srivastav (Associate).
ALMT Legal advised Astrome Technologies on the deal.
The funds raised will be deployed for expanding into the US market, strengthening global operator trials, and further commercialisation of its core technology through new products.
Founded in 2015, Astrome has developed an innovative wireless product that gives fibre-like bandwidth at fraction of cost of fibre to help telecom operators deliver reliable low-cost internet services to suburban and rural areas.