1 hr ago
Pixxel Expands From Hyperspectral Satellites to Planetary Infrastructure
Pixxel is a company that builds satellites and uses them to study Earth.
It has raised $100 million to grow its business.
The company wants to do more than operate its own satellite network.
It plans to build tools that collect information, understand that information and eventually support spacecraft systems.
Its Aurora platform turns satellite pictures into useful insights for customers.
Pixxel is also making more satellites for government and private companies.
Most of this manufacturing happens in India, even as the company expands abroad.
It is testing whether computers and artificial intelligence can process information while still in orbit.
Pixxel raised a $100 million Series C round to improve cash flow, expand its satellite constellation and scale manufacturing.
The Bengaluru-based company plans to build planetary infrastructure spanning sensing systems, data intelligence and spacecraft systems.
Pixxel will continue developing Aurora, its Earth intelligence platform, with greater investment in imagery-analysis algorithms.
The company is expanding satellite manufacturing for government and private customers through its Gigapixxel facility.
Pixxel expects its orbital data-centre project with Sarvam to be completed early next year and is unlikely to pursue another funding round immediately.
- Who
- Pixxel, led in the report by co-founder Awais Ahmed.
- What
- Pixxel is shifting from primarily building a hyperspectral satellite constellation toward a broader planetary infrastructure business.
- Where
- Pixxel is based in Bengaluru, with manufacturing mainly in India and offices in the United States and plans for another in Europe.
- When
- The funding announcement and comments were made on Monday; the orbital data-centre project is expected to be completed early next year.
- Why
- The company wants to improve cash flow and revenue, expand its constellation, increase manufacturing and develop new sensing, data and spacecraft businesses.
Key facts
- Funding
- $100 million Series C round
- Business focus
- Sensing systems, Earth intelligence and spacecraft systems
- Data platform
- Aurora processes satellite data and generates insights
- Manufacturing
- About 80% is currently done in India
- Workforce
- About 300 employees; planned to reach 350 by the end of this year and 400 in 2027
- Customers
- Agriculture, oil and gas, mining, environmental and food companies, plus defence and intelligence agencies
- Orbital project
- A data-centre project with Sarvam is expected to be completed early next year
Quotes
Awais Ahmed
Co-founder of Pixxel
“The interface is basically how customers interact with our data. We will invest more in the algorithms so that the analyses produced are more accurate.”
financialexpress.com
“Our only goal currently is to improve our cash flows and revenue.”
financialexpress.com
Sources
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