India’s first Earth-imaging satellite startup raises $5 million, first launch planned for later this year
Bengaluru-based Pixxel is getting ready to opening its first Earth imaging satellite eventually this year, with a scheduled mission aboard a Soyuz rocket. The roughly one-and-a-half-year old firm is moving instantly, and today it’s announcing a$ 5 million seed funding round to help it intensify even more. The funding is led by Blume Ventures, Lightspeed India Collaborator, and growX projects, while a number of angel investors participated.
This isn’t Pixxel’s firstly outside fund: It raised $700,000 in pre-seed money from Techstars and others last year. But this is significantly more capital to invest in the business, and the startup plans to use it to grow its team, and to continue to fund the development of its Earth remark constellation.
The goal is to fully deploy said constellation, which will be made up of 30 planets, by 2022. Once all of the company’s small spacecrafts are on-orbit, the the Pixxel network will be able to provide globe-spanning imaging capabilities on a daily basis. The startup claims that its engineering will be able to provide data that’s much higher quality when compared to today’s existing Earth imaging satellites, along with analysis driven by PIxxel’s own penetrating read modelings, which are designed to help identify and even potentially prophesy vast problems and phenomena that can have impact on a global scale.
Pixxel’s technology also relies on very small satellites( basically the dimensions of the a brew fridge) that nonetheless provide a very high quality image at a meter that even gigantic imaging planet systems that already exist would have trouble delivering. The startup’s benefactors, Awais Ahmed and Kshitij Khandelwal, organized the company while still in the process of finishing up the past year of their undergraduate studies. The founding team took part in Techstars’ Starubst Space Accelerator last year in LA.
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