Indian drone startup Raphe mPhibr raises $100M as military UAV demand soars
Indian drone startup Raphe mPhibr has secured $100 million in a Series B funding round led by General Catalyst to enhance its R&D and local production in response to rising global military demand for drones.
MAIN POINTS
- Raphe mPhibr raised $100 million in Series B funding.
- General Catalyst led the all-equity funding round.
- The startup focuses on R&D and local production enhancement.
- Drones are increasingly used in military operations globally.
TAKEAWAYS
- The funding will support Raphe mPhibr's growth in the drone industry.
- Local production capabilities are a priority for the startup.
- The investment reflects the growing importance of drones in defense.
- Raphe mPhibr is positioning itself to meet global military demand.