GalaxEye, a spacetech startup, has successfully raised approximately ₹44.2 Cr (around $4.8 Mn) in its extended Series A funding round. The company is focused on developing a multi-sensor earth observation satellite, aiming to provide high-resolution imaging and geospatial intelligence for various sectors such as defense, agriculture, infrastructure, and disaster management.
The funding round attracted investments from a variety of backers, including Speciale Invest, MV Core, Rainmatter, Mounttech Growth Fund, Grand Anicut Angel Fund, Navam Venture Fund, Faad Capital, and LV Angel Fund, among others. This financial boost will support GalaxEye’s mission to deploy a constellation of indigenous micro-satellites equipped with data fusion capabilities.
Founded in 2021, GalaxEye was co-founded by Suyash Singh, Denil Chawda, Kishan Thakkar, Pranit Mehta, and Rakshit Bhatt. The company is working to revolutionize earth observation technology through innovative satellite design and advanced imaging capabilities.
Source: Inc42 Media