SpectraGaze Systems raises ₹3.7 crore seed led by GVFL
The Ahmedabad imaging company will expand engineering, testing and product development.
SpectraGaze Systems announced a ₹3.7 crore seed funding round on 23 October 2026, led by GVFL with participation from angel investors. It is the company’s first external fundraise following three years of customer-funded operations.
The capital will support product development, existing customer programmes, engineering hires, testing facilities and business development. The company develops optical imaging sensors and electro-optical payloads for space, defence and scientific applications.
Founded by former ISRO scientist Arup Banerjee in 2023, SpectraGaze has worked with ISRO, the Physical Research Laboratory and Kaynes Technology. A hyperspectral camera for a small satellite is under development.
Use of funds
Develop products and execute customer programmes
Expand engineering team and testing infrastructure
Business development