About Newspace Research and Technologies
Newspace Research and Technologies is a company based in Bengaluru (India) founded in 2017 by Dilip Chabria, Sameer Joshi, and Julius Somojit Amrit.. Newspace Research and Technologies has raised $73.23 million across 11 funding rounds from investors including State Bank of India, 360 One and BKT Tires. The company has 442 employees as of January 25, 2025. Newspace Research and Technologies offers products and services including BELUGA, NIMBUS, MACKEREL, and NIMBUS-SCOPE. Newspace Research and Technologies operates in a competitive market with competitors including Anduril, Shield AI, Northrop Grumman, Elbit Systems and AeroVironment, among others.
- Headquarter Bengaluru, India
- Employees 442 as on 25 Jan, 2025
- Founders Dilip Chabria, Sameer Joshi, Julius Somojit Amrit
- Stage Minicorn
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Sectors
Aerospace, Defense & Maritime
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Email
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Phone
*********
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Website
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Social
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- Legal Name Newspace Research & Technologies Private Limited
- Date of Incorporation 25 Apr, 2017
- Jurisdiction Noida, Uttar Pradesh, India
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Annual Revenue
$607.8 K (USD)-95.19as on Mar 31, 2024
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Net Profit
$-7.25 M (USD)-5121.92as on Mar 31, 2024
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EBITDA
$-6.45 M (USD)-1781.48as on Mar 31, 2024
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Total Equity Funding
$73.23 M (USD)
in 11 rounds
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Latest Funding Round
$429.8 K (USD), Series B
Jul 29, 2024
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Investors
State Bank of India
& 102 more
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Employee Count
442
as on Jan 25, 2025
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Products & Services of Newspace Research and Technologies
Newspace Research and Technologies offers a comprehensive portfolio of products and services, including BELUGA, NIMBUS, MACKEREL, and NIMBUS-SCOPE. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Hybrid multi-rotor UAV for long endurance missions
Multi-purpose electric UAV for various applications
Loitering munition multi-rotor for tactical operations
Tethered electric UAV for sustained operations
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Funding Insights of Newspace Research and Technologies
Newspace Research and Technologies has successfully raised a total of $73.23M across 11 strategic funding rounds. The most recent funding activity was a Series B round of $429.8 thousand completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Series B — $429,800
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First Round
First Round
(04 Jan 2018)
- Investors Count 103
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series B - Newspace Research and Technologies | Valuation | Trifecta Capital |
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| Apr, 2024 | Amount | Series B - Newspace Research and Technologies | Valuation | Volrado Venture Partners |
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| Mar, 2024 | Amount | Debt – Conventional - Newspace Research and Technologies | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Newspace Research and Technologies
Newspace Research and Technologies has secured backing from 103 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include State Bank of India, 360 One and BKT Tires. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private debt and equity funds are managed for technology sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital firm investing in B2B technology solutions in the US and Israel.
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Founded Year | Domain | Location | |
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Early-stage investments in multiple industries are targeted by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Newspace Research and Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Newspace Research and Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Newspace Research And Technologies Comparisons
Competitors of Newspace Research and Technologies
Newspace Research and Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Anduril, Shield AI, Northrop Grumman, Elbit Systems and AeroVironment, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI-based drone surveillance solutions for defense and maritime sector
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| domain | founded_year | HQ Location |
Autonomous drones and AI pilots for fighter jets are developed.
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| domain | founded_year | HQ Location |
Non-combat aircraft systems are supplied for aerospace and defense sectors.
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| domain | founded_year | HQ Location |
Military drones and defense systems are provided globally.
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| domain | founded_year | HQ Location |
Unmanned aerial systems for military purposes are developed and supplied.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Newspace Research And Technologies
Frequently Asked Questions about Newspace Research and Technologies
When was Newspace Research and Technologies founded?
Newspace Research and Technologies was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Newspace Research and Technologies located?
Newspace Research and Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Newspace Research and Technologies?
Sameer Joshi is the current CEO of Newspace Research and Technologies. They have also founded this company.
Is Newspace Research and Technologies a funded company?
Newspace Research and Technologies is a funded company, having raised a total of $73.23M across 11 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $19M, raised on Jan 04, 2018.
How many employees does Newspace Research and Technologies have?
As of Jan 25, 2025, the latest employee count at Newspace Research and Technologies is 442.
What is the annual revenue of Newspace Research and Technologies?
Annual revenue of Newspace Research and Technologies is $607.8K as on Mar 31, 2024.
What does Newspace Research and Technologies do?
The company was founded in 2017 in Bengaluru, India, and operates within the aerospace sector. Unmanned aerial vehicles, collective robotics, GPS-denied visual inertial navigation, AI modules, and augmentedvirtual reality simulations are provided as core services. Payloads can be dynamically swapped to suit various missions. Applications encompass telecommunications, environmental monitoring, disaster relief, and military surveillance.
Who are the top competitors of Newspace Research and Technologies?
Newspace Research and Technologies's top competitors include Anduril, Shield AI and Northrop Grumman.
What products or services does Newspace Research and Technologies offer?
Newspace Research and Technologies offers BELUGA, NIMBUS, MACKEREL, and NIMBUS-SCOPE.
Who are Newspace Research and Technologies's investors?
Newspace Research and Technologies has 103 investors. Key investors include State Bank of India, 360 One, BKT Tires, SIDBI, and L N Bangur Group.
What is Newspace Research and Technologies's valuation?
The valuation of Newspace Research and Technologies is $120.37M as of Jul 2024.
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