Indian Startup Pixxel Raises $100 Million in Series C Funding
Date: Sept 7 (Reuters)
Indian space tech startup Pixxel has successfully raised $100 million in a Series C funding round. The round was led by Singapore’s state investor, Temasek, and British venture firm Seraphim, marking a significant milestone as the largest funding round for a space technology company in India.
This funding round also saw participation from existing investors Radical Ventures and growX Ventures, alongside new investors like 360 ONE Asset and IMM Investment. With this latest investment, Pixxel’s total funding has now reached $195 million.
Founded by Awais Ahmed, Pixxel specializes in hyperspectral satellites, providing detailed Earth imagery that surpasses traditional methods. The startup has broadened its offerings to include Aurora, an Earth intelligence software, and satellite systems for various missions, both commercial and governmental. This suite of services underpins Pixxel’s ambitious vision of a planetary infrastructure connecting sensors, software, and space systems for actionable Earth observation.
Use of Funds: The newly acquired capital will enhance Pixxel’s capabilities, particularly through its Honeybee satellite constellation and high-resolution imaging satellites. Additionally, the funds will aid in further developing Aurora as a platform that transforms these datasets into actionable insights for decision-making across various sectors.
(Reporting by Abu Sultan and Nivedita Bhattacharjee in Bengaluru; Editing by David Holmes)
