AlgoFET secures Rs 15 crore from Piper Serica to scale autonomous drone infrastructure

AlgoFET has raised Rs 15 crore in funding, spearheaded by Piper Serica, to accelerate the growth of its autonomous ground infrastructure for drones. Targeting defence, enterprise, and international markets, the company boasts over 2000 units already deployed and a robust order pipeline. This funding will facilitate product development, enhance manufacturing capabilities, and support global scaling initiatives.