1 hr ago
Pixxel Raises $100 Million to Expand Space Infrastructure
Pixxel is an Indian company that uses satellites to study Earth.
It has raised $100 million from investors including Temasek and Seraphim.
This brings the company’s total funding to $195 million.
Pixxel began by making hyperspectral satellites that can see details ordinary satellite cameras may miss.
The company will use the money to build more satellites and improve its Aurora software.
Aurora turns satellite information into useful insights for governments, businesses, and researchers.
Pixxel also plans to make satellites faster at its Gigapixxel factory.
It already operates six Firefly satellites and is working on several government and commercial space projects.
Pixxel raised $100 million in Series C funding co-led by Temasek and Seraphim.
The round brings Pixxel’s total funding to $195 million and is described as India’s largest spacetech funding round.
The company plans to develop new imaging satellites, expand Aurora, and increase manufacturing at its Gigapixxel facility.
Pixxel will broaden sensing through its Honeybee constellation and high-resolution optical imaging satellites.
The Bengaluru-based startup operates six Firefly hyperspectral satellites and has contracts with NASA and the National Reconnaissance Office.
- Who
- Pixxel, an Indian spacetech startup founded by Awais Ahmed and Kshitij Khandelwal, raised the funding from investors led by Temasek and Seraphim.
- What
- Pixxel closed a $100 million Series C funding round, bringing its total funding to $195 million.
- Where
- Pixxel is based in Bengaluru, India, and the round included investors from Singapore, the United Kingdom, India, and South Korea.
- When
- The company announced the funding on Monday; the articles do not specify the calendar date.
- Why
- The funding will support satellite development, Earth-intelligence software, sovereign space systems, and expanded satellite manufacturing.
Key facts
- Funding round
- $100 million Series C
- Lead investors
- Singapore’s Temasek and UK-based Seraphim
- Total funding
- $195 million
- Manufacturing facility
- Gigapixxel in Bengaluru, designed to handle more than 20 satellites simultaneously and produce up to 40 satellites annually
- Satellite constellation
- Six Firefly hyperspectral satellites
- Software platform
- Aurora, an Earth intelligence platform
- Additional investors
- 360 ONE Asset, IMM Investment, Radical Ventures, growX ventures, and others
- Reported valuation
- Mint reported a valuation of $350 million to $400 million, while Pixxel did not disclose the valuation in its funding announcement
Quotes
Mark Boggett
CEO of Seraphim Space
“Years ago, we set out to build a health monitor for the planet. Hyperspectral imaging gave us a fundamentally new way to see Earth. This new investment gives us the scale to turn that vision into planetary infrastructure. More ways of sensing, more intelligence from every image, and more sovereign capability for nations. Our goal is to make a changing planet understandable in time to act”
livemint.com
inc42.com
“Pixxel is exceptionally well-positioned across some of the most important themes shaping the future of the space sector, from AI-powered Earth observation and sovereign space capabilities to the rise of India as a global SpaceTech leader”
livemint.com
Sources
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