AlgoFET raised \u20b915 crore in a pre-Series A led by Piper Serica, the only named investor, with no valuation disclosed.
The capital funds product development, expanded in-house manufacturing, IP, and deployments across defence, enterprise and international markets.
Founded in December 2023 by Ankit Mishra, the company builds a vertically integrated five-layer stack for autonomous drone docking, charging and fleet monitoring.
Deployment figures of 2,000-plus units are company-stated, and filed FY25 revenue of \u20b91.26 crore sits well below what those volumes might imply, pointing to low pricing or deployments ahead of…
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