Noida, Sep 7 (APAC Media): Indian space technology startup Pixxel said on Monday it had raised $100 million in a Series C funding round led by Singapore state investor Temasek and British space-technology investment firm Seraphim, marking the largest funding round by a space technology company in India.
The round included existing investors Radical Ventures and GrowX Ventures, as well as new investors 360 ONE Asset and IMM Investment, taking Pixxel’s total funding to $195 million, the company said.
Pixxel, founded by Awais Ahmed, initially focused on hyperspectral satellite imaging, which captures information about Earth’s surface beyond what conventional satellite imagery can provide.
The company has since expanded into Earth intelligence software through its Aurora platform and is developing satellite systems for commercial and sovereign missions.
“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,” Pixxel founder and CEO Awais Ahmed said.
The fresh capital will be used to expand Pixxel’s sensing capabilities through its Honeybee hyperspectral satellite constellation, while the company also plans to add synthetic aperture radar and ultra-high-resolution optical imaging technologies.
Pixxel said it will further develop Aurora to combine data from different satellite sensors and turn it into decision-ready intelligence for customers.
The company also plans to expand satellite manufacturing capacity in India and the United States to support higher-volume production of advanced spacecraft.
The first Honeybee satellite is expected to launch in 2027, according to the company.
Pixxel said it has deployed six Firefly satellites over the past two years and has secured contracts with NASA and the U.S. National Reconnaissance Office. It has also been selected to lead the development of a 12-satellite Earth observation constellation under India’s space regulator IN-SPACe.
The funding comes as India’s private space sector attracts increasing investment following government reforms that opened the country’s space industry to private companies.
Pixxel’s latest round underscores growing investor interest in India’s space technology ecosystem and the country’s ambitions to develop globally competitive commercial space companies.
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Disclaimer: This article is for informational purposes only and is based on publicly available information. APAC Media is not responsible for investment decisions or losses. Please conduct your own research or consult a financial adviser before investing.
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