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Bengaluru-based spacetech startup Bellatrix Aerospace has raised $20 million (₹189+ crore) in a Pre-Series B funding round, led by Cactus Partners, as it looks to scale production of its satellite propulsion systems and expand global deployments.The round also saw participation from new investors including Hero Investment Office, 35 North Ventures, Indusbridge Ventures, and Monarch Holdings, along with continued backing from existing investors such as Inflexor Ventures, Pavestone, GrowX, Startup Xseed, and Survam Partners, highlighting sustained investor confidence in India’s private space ecosystem.Founded in 2015, Bellatrix Aerospace develops advanced electric and green propulsion systems for satellites, enabling efficient maneuvering and reducing operational costs for space missions. The company operates a vertically integrated model covering design, development, manufacturing, and testing of propulsion technologies.The newly raised capital will be used to expand manufacturing capacity, scale high-throughput production lines, and support active customer programs, as demand rises from both domestic and international satellite operators. The company is also focusing on strengthening operational readiness and accelerating commercial deployments globally.Bellatrix has already achieved key milestones, including flight qualification of its core technologies, and is now transitioning toward large-scale production to position itself as a global leader in satellite propulsion. The funding comes amid growing momentum in India’s private space sector, driven by increasing satellite launches and global demand for cost-efficient in-space mobility solutions.

US-based defense tech startup Performance Drone Works (PDW) has raised over $110 million in a Series B funding round to accelerate the production of its modular military drones and expand its engineering capabilities.The funding round was led by Ondas, with participation from Hood River, Cedar Pine, Hanwha Asset Management’s venture fund, and Booz Allen Hamilton, alongside existing and new investors, reflecting strong investor confidence in next-generation combat robotics.Founded in Huntsville, Alabama, PDW designs and manufactures AI-enabled small unmanned aerial systems (sUAS) used for surveillance, electronic warfare, and strike missions. Its flagship C100 drone platform is already deployed across multiple branches of the US military, supporting tactical operations and battlefield intelligence.The newly raised capital will be used to scale manufacturing capacity, strengthen domestic supply chains, and enhance product development, as global demand for autonomous military systems continues to rise. The company is also focused on building a US-based production ecosystem, reducing reliance on foreign components and ensuring resilience in defense supply chains.PDW’s growth comes amid a broader shift in modern warfare, where low-cost, scalable drone systems are becoming critical assets for reconnaissance, targeting, and combat operations. Governments worldwide are increasingly investing in such technologies, positioning companies like PDW at the forefront of the rapidly expanding defense tech and autonomous systems market.

South Korea-based AI chip startup Rebellions has raised $400 million in a pre-IPO funding round, valuing the company at approximately $2.3 billion, as it accelerates its push into the global AI semiconductor market.Founded in 2020, Rebellions develops AI inference chips designed to power data centers and large-scale AI workloads with higher energy efficiency and lower latency compared to traditional solutions. The company is positioning itself as a challenger to dominant players in the AI chip space, targeting the rapidly growing demand driven by generative AI and enterprise adoption.The latest funding round comes as part of the company’s pre-IPO strategy, aimed at scaling production, expanding global operations, and strengthening its position in the competitive AI hardware ecosystem. Rebellions has already seen rapid growth, including a previous $250 million round at a $1.4 billion valuation in 2025, highlighting strong investor confidence in its technology and roadmap.The company’s chips are designed to support high-performance AI inference workloads, offering cost-efficient alternatives for enterprises and governments building sovereign AI infrastructure. With increasing global demand for AI compute, Rebellions is focusing on expanding deployments across Asia, the US, and the Middle East, while advancing its next-generation chip architecture.The funding reflects a broader surge in investment into AI infrastructure and semiconductor startups, as companies race to build alternatives to Nvidia and address the massive compute requirements of modern AI systems.

US-based space tech startup Aetherflux is in discussions to raise $250 million to $300 million in a Series B funding round, targeting a valuation of around $2 billion. The round is expected to be led by Index Ventures, signaling strong investor confidence in the company’s vision to build space-based computing infrastructure.Founded in 2024 by Baiju Bhatt, co-founder of Robinhood, Aetherflux is developing orbital data centers powered by solar energy, aimed at supporting the rapidly growing compute demands of artificial intelligence. The company has raised approximately $80 million to date, including a $50 million Series A backed by investors such as Breakthrough Energy Ventures, Andreessen Horowitz, and New Enterprise Associates.The startup has recently shifted its focus from transmitting solar power to Earth toward deploying AI compute infrastructure directly in space, based on the insight that placing computing hardware in orbit is more efficient than sending energy back to terrestrial data centers.Aetherflux plans to launch its first orbital data center satellite by 2027, using continuous solar energy in space to power AI workloads. This approach aims to overcome key limitations of Earth-based data centers, including constraints related to energy supply, land availability, and environmental impact.The funding round reflects growing investor interest in next-generation AI infrastructure, particularly solutions that can address the massive energy and compute requirements of AI systems. However, the company faces significant technical and economic challenges, including high launch costs and the complexity of operating computing systems in space.

New York-based healthtech startup Thesis Care has raised $45 million in a Series A funding round, led by Oak HC/FT, with participation from CRV, Black Opal Ventures, and a group of healthcare-focused angel investors. The funding brings the company’s total capital raised to $60 million.Founded in 2024 (formerly Trovo Health), Thesis Care is building an AI-powered care team platform that combines AI agents with expert clinicians to handle complex clinical operations and care management workflows. The platform is designed to increase clinical capacity without disrupting existing healthcare systems, enabling providers to automate high-impact tasks while maintaining human oversight where needed.Thesis Care’s technology understands clinical context to deliver personalized patient engagement and complete end-to-end workflow execution, eliminating the need for healthcare staff to adopt new tools. By integrating directly into existing workflows, the platform helps reduce administrative burden while improving efficiency and patient outcomes.The company has already partnered with major healthcare organizations, including U.S. Heart & Vascular, Essen Health Care, Springfield Clinic, Unio Health Partners, and Allied Digestive Health, collectively supporting thousands of providers across primary and specialty care.The newly raised capital will be used to accelerate commercial expansion, enhance its unified technology platform, and expand its suite of AI-powered care team agents, as the company scales adoption across health systems and care teams.

US-based hospitality software company Laguna Creek has raised $6.3 million in a Series A funding round from Dali Capital Partners, aimed at accelerating innovation in tourism and hospitality technology.Founded in 2022, Laguna Creek is a Native American-owned company building an integrated platform that combines property management (PMS), point-of-sale (POS), and booking systems for the tourism and hospitality industry. The company initially launched as Native American Tours, the first Native-owned booking platform for tour operators, and has since evolved into a broader software solution addressing operational inefficiencies across hotels and tourism businesses.The platform is designed to reduce operational errors, lower labor costs, and increase revenue through AI-driven optimization, while enabling seamless integration of tourism activities, retail, and hospitality services into a single system.The newly raised capital will be used to expand product development and scale marketing efforts, as the company aims to modernize the tourism ecosystem and capture growing demand for digital infrastructure in hospitality.Laguna Creek is also focused on driving impact within Indigenous communities, with a mission to retain more tourism revenue within Native economies, including a commitment to allocate 10% of net profits toward Indigenous charitable initiatives.