Indian startup raises $ 5 million to launch satellite into space

The Indian startup Pixxel wants to be the first in the country to launch a satellite capable of making images of the Earth. For research and launch, scheduled for the end of the year, the company has already raised about US $ 5 million. The company will use the Russian Soyuz rocket to send its satellite into space.

The money raised in financing led by Blume Ventures, Lightspeed India Partners and growX Ventures, will be used to increase the startup team and continue to fund the development of its Earth observation technology.

Pixxel’s young founders, Awais Ahmed and Kshitij Khandelwal, have plans to deploy a constellation consisting of 30 satellites by 2022 and thereby put India on the global space map.

According to them, the idea, by providing global satellite images, to help sectors such as oil, gas, agriculture and disaster management.


Russian rocket Soyuz be used by the startup for the launch. Credits: Pixabay

Earth observation program

Although small, the satellites in question are capable of providing high quality images at a rate that large companies would have trouble delivering.

According to the startup, once everyone is in orbit, it will be able to provide quality data far superior to the current Earth image satellites available.

Through analyzes conducted by Pixxel’s deep learning models, satellites will also be able to detect and predict major phenomena, in addition to possible impacts on a global scale.

Source: TechCrunch

Satellites startup Earth ndia Science & Space

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