Coratia Technologies has raised $1.9M in funding from MGF Kavachh. The startup, founded by alumni, researchers and faculty from NIT Rourkela, is building end-to-end solutions for autonomous and remotely operated underwater vehicles, aiming to cut the costs tied to underwater operations.
Coratia Technologies Raises $1.9M to Cut Underwater Operation Costs
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CoratiaA significant milestone in our journey to build indigenous underwater robotics capabilities for India. Coratia Technologies has raised ₹18 crore in a bridge round led by MGF Kavachh, marking a follow-on investment that reflects continued confidence in our technology and its potential.
The funding will support the execution of our ₹66 crore Indian Navy contract under the iDEX initiative, while enabling us to accelerate R&D, advance our product capabilities and scale manufacturing and deployment. Our focus goes beyond building underwater robotic systems. It is about engineering solutions for environments where conventional inspection methods face limitations, from low visibility
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