Pixxel, a Bengaluru, India-based space technology company, raised $24M in additional Series B funding.
The round, which brought the Series B total amount to $60M, saw participation from M&G Catalyst and Glade Brook Capital Partners, who joined existing backers Google, Radical Ventures, Lightspeed, and others. With this, Pixxel has raised a total of $95M across all funding rounds to date.
The company intends to use the funds to expand its satellite manufacturing capacity, scale its operations for upcoming missions, and enhance its capability to provide a full spectrum of satellite manufacturing services, from small satellites to advanced imaging payloads for other organizations and governments.
Led by CEO and Founder Awais Ahmed, Pixxel is a space data company and a spacecraft manufacturer redefining Earth observation with hyperspectral imaging. Its constellation of the imaging satellites is designed for daily revisit frequency anywhere on Earth. It helps detect, monitor, and predict critical global phenomena across agriculture, oil and gas, mining, environment, and other sectors.
Pixxel has also launched its in-house Earth Observation Studio, Aurora, to make satellite imagery analysis easily accessible.
FinSMEs
09/12/2024