Led by Mela Ventures and Speciale Invest, spacetech startup GalaxEye Space has received $6.5 million in a fresh funding round.
ideaForge also participated in the round, and Rainmatter, Navam Capital, Faad Capital, and Anicut Capital made further investments.
According to a news release from the company, the money raised will be utilised to launch GalaxEye’s first satellite, the “Drishti Mission,” and forward the development of their multi-sensor payload technology.
Suyash Singh, Denil Chawda, Kishan Thakkar, Pranit Mehta, and Rakshit Bhatt founded the company in 2020. With their sophisticated multi-sensor payload, they specialise in supplying precise datasets from space and airborne platforms.
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This technology delivers sensible data—which is essential for industries including defence, surveillance, agriculture, insurance, and aquaculture—by integrating optical MSI and SAR sensors.
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GalaxEye asserts that it has also successfully completed over 300 flights carrying a UAV SAR payload and built India’s first UAV SAR system for the defence market.
About GalaxEye
GalaxEye is the first Indian space tech business to launch a satellite. It is creating Drishti, the first multi-sensor imaging satellite. In-house satellites will enable governments, defence, and industries to execute cutting-edge geospatial analysis.
