Quantum Security Venture Pramatra Space Raises Pre-Seed Funding

Insider Brief

• Bengaluru-based Pramatra Space raised an undisclosed pre-seed round led by Seafund Ventures to advance its quantum-secure satellite and terrestrial communications technology ahead of the emerging “Q-Day” cybersecurity threat.
• The company is developing quantum key distribution systems and has validated its proprietary photonics integrated circuit chip for entanglement-based quantum communications at IIT Madras, with an in-orbit demonstration mission planned for 2027.
• Investors said the funding reflects growing interest in sovereign deep-tech capabilities spanning quantum technologies, cybersecurity and space infrastructure in India.

PRESS RELEASE — Pramatra Space, a Bengaluru-based quantum security venture, has raised an undisclosed pre-seed funding round led by Seafund Ventures. The round also saw participation from Rebalance, Magnivia Ventures with their partner Peaceful Progress Fund,  and from notable angel investors such as Awais Ahmed, Founder of Pixxel Space. Early investors include Techstars (US), Neel Mehta (Founder of Roh Ventures), Raghunath Das (Co-Founder & CEO of Almagest Space), and Bhavya Doshi (Director at KRISS Portfolio), with other angel investors.

Founded in 2023 by Richa Hukumchand and Vinay Hukumchand, Bengaluru-based Pramatra Space is on a mission to make enterprises quantum-resilient before Q-Day.  Pramatra Space is building hybrid satellite & terrestrial systems for global quantum-secure communications. Its technologies use Quantum Key Distribution (QKD) to securely generate and distribute encryption keys for data centres and space infrastructure, acting as an additional security layer to prepare enterprises against evolving cyber threats. 

They have achieved a key technical milestone of validation and testing their proprietary photonics integrated circuit (PIC) chip for quantum entanglement-based QKD at IIT Madras. The company has booked an in-orbit demonstration mission for its payload in partnership with a satellite bus manufacturer for 2027. The capital raised will be deployed to advance the PIC chip toward flight qualification and accelerate product development.

“The clock is ticking, and the nation must prepare for the quantum era,” said Richa Hukumchand, Founder & CEO of Pramatra Space. India has always punched above its weight in space technology. What excites us most is that the talent, the institutions, and the policy ambition are all converging at exactly the right moment for quantum tech now. Pramatra is our contribution to ensuring India doesn’t just participate in the quantum era – it helps define it. We are proud to be building this technology in India, for the world.”

Richa, Founder and CEO, is a scientist-turned-entrepreneur whose career spans building air defence systems at DRDO, earth observation at Pixxel Space, and now quantum communications at Pramatra. Richa was recently recognised as “Emerging Woman Founder 2025” by the HDFC Bank Group at their Tech Innovators 2025 event. Co-Founder and COO, Vinay brings extensive commercial and thought leadership experience and a strong track record of taking R&D-led products to market across emerging technology categories at companies such as Deloitte, AstraZeneca, and Davita. 

“At Seafund, we back frontier deep-tech founders who are building sovereign technology for the next decade of space and cybersecurity,” said Narendra Bhandari, General Partner at Seafund. “Pramatra Space sits perfectly at this intersection, utilising advanced photonics and satellite infrastructure. Their successful chip validation at IIT Madras demonstrates exceptional technical capability, and we are excited to lead this round and support their journey toward orbit.”

“The most exciting founders today are not just solving present-day problems; they are preparing the world for what comes next. Pramatra Space sits at the intersection of quantum computing, cybersecurity, and space infrastructure – three shifts that will define the next decade globally. What stood out to us was not just the technical prowess and ambition, but the conviction to build sovereign, world-class deep-tech from India,” added Aishwarya Malhi and Vikas Kumar, Co-founders at Rebalance.

Most of the world’s digital infrastructure, like banking systems, defence networks, satellites, and data centres, assumes that their data and applications are safe today with the current encryption system, but SOON that WILL not be true. Quantum Computers are rising, and the absolute best encryption system and architecture we have today will fail.

This investment aligns closely with Seafund’s strategy of backing deep-tech founders who are building at the frontier of hardware, space, and emerging technologies. By leading this pre-seed round, Seafund aims to accelerate Pramatra’s journey toward flight qualification and commercial scaling.