Drone manufacturing startup ideaForge raised $20Mn in Series B led by private equity firm Florintree


Drone manufacturing startup ideaForge raised $20 million in Series B led by private equity firm Florintree where other existing investors such as Celesta, Infosys, Qualcomm, Infina, along with the Exim Bank of India also participated.


ideaForge is a product-focused UAV systems company that creates drone solutions for a wide range of applications. The funds will be used to increase investment in research and development by the startup. ideaForge will also use the funds to expand globally and hire more people in key industries. CEO of ideaForge says the company has grown tenfold in the last two years.

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