Tech Company Financing Transactions
Alteon Funding Round
Alteon, based in Bengaluru, Karnataka, secured $2.5 million from private investors and Together Fund.
Transaction Overview
Company Name
Announced On
9/2/2026
Transaction Type
Venture Equity
Amount
$2,500,000
Round
Seed
Investors
private investors (Lead Investor) (Lachy Groom)
Proceeds Purpose
The company will use the funds to expand its core computational fluid dynamics and aeronautical engineering teams, accelerate research and development of its autonomous flight-control systems, and finance ongoing offshore field testing.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Kammasandra Rd, Bidarahalli 3PJ6+9C9
Bengaluru, Karnataka, 560049
India
Bengaluru, Karnataka, 560049
India
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Alteon Energy (operating online at alteonenergy.co) is an Indian deep-tech aerospace startup developing autonomous, fixed-wing aircraft engineered for persistent flight capable of remaining airborne for up to 417 days without landing. Headquartered in Hoskote near Bengaluru, Karnataka, the venture-backed company was founded in 2023 by young, self-taught aerospace innovator Samay Sanghvi straight out of high school.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Samay Sanghvi
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