With this launch, Pixxel Space will now work on developing their 'Honeybees' satellites. For Dhruva Space, this was its first commercial mission
PixxelSpace India, Piersight Space, Satsure Analytics, and Dhruva Space will launch 12 advanced EO satellites to boost India’s geospatial capabilities.
The new funding will support Pixxel’s work on imaging payloads aimed at enhancing India’s airborne and space-based surveillance capabilities.
Aboard the launch vehicle, Pixxel deployed the first three hyperspectral imagery-enabled satellites of its Firefly constellation and Digantara, its Space Camera for Object Tracking (SCOT) mission for space surveillance.
Pixxel expects to make first contact with the satellites about two-and-a-half hours after launch, with full commercial imaging capabilities expected by mid-March.
The Series B extension round added new investors, M&G Catalyst and Glade Brook Capital Partners, who join existing backers Google, Radical Ventures, Lightspeed, and others.
The cabinet has approved a Rs 1,000 venture capital fund, announced in the Budget in July, for the space sector
Under this contract, Pixxel, through its satellites that are already in orbit, will provide NASA and the US government and its academic partners with hyperspectral Earth observation data, Awais Ahmed, the startup's CEO told Moneycontrol.
In the FY25 Budget, the government has set aside Rs 1,000-crore for venture capital fund to give a boost to space economy
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In February, during the inauguration of its 30,000 sq ft facility in Bangalore, the company had announced its plans of launching six hyperspectral imagery satellites
At full capacity, the startup claims that the facility will be equipped to manufacture more than 20 satellites simultaneously that can be turned around within a timeframe of six months
Prateep Basu, CEO and co-founder of Bengaluru-based space tech startup SatSure, said their satellites are being assembled in UK, and that the supply chain is spread across Europe
This comes a few months after Moneycontrol had reported how Pixxel was keen to use its hyperspectral imagery satellites for the Indian defence sector.
The startup plans to use funds for developing satellites and infrastructure, to hire more people and also to develop its AI-powered analytics platform
The Indian Space Policy was released on April 20 by the Indian Space Research Organisation (ISRO), more than a week after the Cabinet approved it.
There has been a rise in launch prices globally, driven by a tight launch market. For Indian space tech start-ups, which are facing difficulty in obtaining funds from foreign VCs, new financial mechanisms could prove to be the saviour.
Last week, United States' National Reconnaissance Office (NRO) awarded Pixxel a 5-year contract for providing them with hyperspectral imagery (HSI)- enabled remote sensing capabilities via modeling and simulation and data evaluation
Bengaluru-based space tech start-up Pixxel will equip United States' National Reconnaisance Office (NRO), a Department of Defence surveillance and intelligence body, with hyperspectral imagery-enabled remote sensing capabilities
Anti-satellite weapons are space weapons designed to incapacitate or destroy satellites for strategic or tactical purposes
According to Naga Bharat Daka, co-founder of Hyderabad-based Skyroot Aerospace, a free trade agreement with European Union supply chain players would benefit the space tech ecosystem.
Anand is a hyperspectral micro-satellite that weighs less than 15 kg and supports 150+ wavelengths, according to the startup. This will allow it to observe Earth in much greater detail than non-hyperspectral satellites with less than 10 wavelengths.
Accenture’s investment in Pixxel follows a $25 million Series A funding round the company announced in March 2022 and the launch of its first satellite as part of SpaceX’s April Transporter-4 payload
With India's new space policy in the works, we examined the scene for private space start-ups in the country.
The satellite will provide datasets with coverage that will allow monitoring and predicting global occurrences in real-time