Startup news and updates: daily roundup (November 05, 2026)
altM, a Bengaluru-based specialty chemicals company, completed a Series A round led by existing and new investors. The funds will support expansion of manufacturing capacity, R&D strengthening, customer qualification programs, and team growth. The investment marks altM's transition from pilot to commercial-scale production.
Key points
- altM raised $10.3M in Series A with Rainmatter and Mela Ventures
- Funds for manufacturing expansion and R&D
- Scaling from pilot to commercial production
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