Spacetech trailblazer Pixxel has raised an additional $24 million (approximately ₹203.48 crore) in its Series B funding round, marking another major milestone for the Bengaluru-based startup.
This new capital injection brings Pixxel’s total Series B funding to an impressive $60 million.
The funding round saw participation from new investors, including M&G Catalyst and Glade Brook Capital Partners, who now join the company’s existing supporters, such as Google, Radical Ventures, and Lightspeed Venture Partners.
The newly raised funds will enable Pixxel to accelerate the deployment of its planned constellation of 18 commercial hyperspectral satellites. These satellites aim to revolutionize earth observation by providing highly detailed imaging data to industries ranging from agriculture to environmental conservation.
In addition to expanding its satellite fleet, Pixxel will channel a portion of the funding into enhancing its proprietary software suite, particularly Aurora, its cutting-edge earth observation platform. Aurora empowers industries and governments to analyze hyperspectral data for actionable insights, enabling smarter decisions across critical sectors.
The funding will also support Pixxel’s ambitious expansion of its satellite manufacturing capabilities. By scaling production, the startup aims to streamline upcoming missions and offer satellite manufacturing services to a broader range of clients.
This focus on operational growth underscores Pixxel’s mission to become a leader in spacetech, providing reliable and scalable solutions for clients in sectors such as mining, environmental monitoring, and agriculture.
Pixxel’s co-founder and CEO, Awais Ahmed, emphasized the transformative potential of this funding:
“This latest investment will enable us to launch satellites more rapidly and redefine how humanity tackles pressing global challenges. Our goal is to empower industries and governments with the tools to act decisively and effectively, creating a sustainable future through our hyperspectral satellites.”
Founded in 2018 by Awais Ahmed and Kshitij Khandelwal, Pixxel has carved a niche in the spacetech domain with its vision of creating a robust constellation of hyperspectral earth observation satellites. By delivering unparalleled imaging services, the startup is reshaping how industries approach resource management, sustainability, and climate action.
With a strong backing from global investors and a clear vision for the future, Pixxel is well-positioned to become a pivotal player in the spacetech industry. Its commitment to innovation and sustainability is not only driving advancements in satellite technology but also laying the foundation for a world where data-driven decisions can lead to smarter and more sustainable solutions.
As Pixxel looks ahead, its efforts promise to redefine the possibilities of earth observation and satellite technology on a global scale
