India’s first Earth imaging satellite startup raises $5 million
Blume Ventures, Lightspeed India Partners, and growX ventures are the leading angel ventures who are funding this round. Pixxel raised $700,000 in pre-seed money from Techstars and others last year.
India’s first Earth-imaging satellite startup raises $5 million
Pixxel is set to launch its first Earth-imaging satellite later this year, with a scheduled mission aboard a Soyuz rocket. The company recently announced a $5 million seed funding round to help it accelerate even more. Blume Ventures, Lightspeed India Partners, and growX ventures are the leading angel ventures who are funding this round. Pixxel raised $700,000 in pre-seed money from Techstars and others last year. But this is often significantly more capital to take a position within the business. The startup said that it plans to use it to grow its team, and to continue to fund the development of its Earth observation constellation.
Once all of the company’s small satellites are on orbit, the Pixxel network are going to be ready to provide globe-spanning imaging capabilities on a day to day. The startup claims that its technology is going to be ready to provide data that’s much higher quality in comparison to today’s existing Earth-imaging satellites. It will be supported with analysis driven by Pixxel’s own deep learning models, which are designed to assist identify and even potentially predict large problems and phenomena which will have impact on a worldwide scale.
The startup’s founders, Awais Ahmed and Kshitij Khandelwal, created the corporate while still within the process of finishing the last year of their undergraduate studies. Pixxel’s technology also relies on very small satellites (basically the dimensions of a beer fridge). But nonetheless, it will certainly provide a really high-quality image at a cadence that even large imaging satellite networks that already exist would have trouble delivering.