Pixxel Raises $24M to Advance Hyperspectral Satellite Technology

Bengaluru-based spacetech startup Pixxel has secured an additional $24 million in Series B funding from M&G Catalyst and Glade Brook Capital Partners, bringing the total round to $60 million. This funding also saw contributions from prominent investors, including Google, Radical Ventures, and Lightspeed.

Accelerating Satellite Launch and Manufacturing

Pixxel plans to utilize the funds to expedite the deployment of its 18-satellite hyperspectral constellation designed to capture ultra-detailed Earth imagery. The startup also aims to expand its satellite manufacturing capabilities and scale operations for upcoming missions.

The company’s flagship constellation, Fireflies, featuring six satellites, is slated for launch early next year. These satellites will address critical global challenges, such as climate change, food security, and sustainable resource management.

Revolutionizing Earth Observation with AI

Pixxel is enhancing its AI-powered Earth Observation platform, Aurora, which simplifies access and analysis of remote sensing data for diverse industries. Aurora was launched in August to empower users with actionable insights in agriculture, mining, oil and gas, and environmental monitoring.

A Pioneering Force in India’s Spacetech Industry

Founded by Awais Ahmed and Kshitij Khandelwal, Pixxel’s proprietary technology provides imagery with up to 50 times richer detail, enabling precise monitoring and prediction of global phenomena. With total funding of $95 million to date, Pixxel is at the forefront of India’s burgeoning spacetech sector, which saw investments rise to $127.7 million in 2023, reflecting growing interest and innovation.

“Pixxel’s proprietary technology is transformational in addressing critical global issues,” said Praveg Patil, head of Asia Pacific at M&G Impact & Private Equity.

The company’s vision is set to reshape Earth observation and drive impactful solutions for global sustainability.