Spacetech startup Astrogate Labs raises funding led by Speciale Invest

Spacetech startup Astrogate Labs raised funding from Speciale Invest and others, enabling company to launch flight terminals into space next year. The company, which has raised $750,000 (about Rs 5.5 crore) in funding so far, is aiming to get $60-70 million in revenue over the next five years.

Astrogate Labs aims to solve the challenges of radio-based communication systems that provide low data-rates, bear high spectrum licensing costs, and are currently strained under the small-satellite downlink demand with highly secure optical communication systems. The company's optical communication solutions offer more data from space to Earth & faster.