Bengaluru-based defense technology company Tonbo Imaging has raised Rs 175 crore (approximately $21 million) in a Series D pre-IPO round. The funding comes from Florintree Advisors, Tenacity Ventures, and the Export-Import Bank of India as the company prepares for its public listing.
The new capital will be used to develop next-generation infrared sensors and advanced energy weapons while also supporting the company’s global expansion.
Founded by Arvind Lakshmikumar, Tonbo Imaging integrates optics, artificial intelligence (AI), and computer vision to create high-performance surveillance and targeting systems. These technologies are designed for land, air, and sea operations, with a focus on lightweight, autonomous platforms that perform in extreme battlefield conditions.
Tonbo’s cutting-edge defense solutions have been deployed by military forces in over 30 countries, including elite units like the U.S. Navy SEALs, Israeli Defense Forces, NATO forces, and the Indian Army.
With this latest investment, Tonbo has now raised over Rs 300 crore across various funding rounds, backed by investors such as Qualcomm and Edelweiss. The company is now actively preparing for an initial public offering (IPO) as it continues to scale its presence in the global defense market.
