Satellite imaging start-up GalaxEye Space gets $3.5 mn seed funding

Company says its technology helps in all-weather imaging without atmospheric interference

GalaxEye Space, a start-up for earth observation, said on Thursday it has raised $3.5 million in a seed round led by Special Invest, a deep-tech venture capital firm.

GalaxEye will use the money for launching the world's first multi-sensor satellite and to hire talent. The round also had participation from investors including Artha India Ventures, Veda VC, Anicut Capital, Upsparks, and a consortium of entrepreneurs that included Nithin Kamath (founder of Zerodha), Prashant Pitti (founder of EaseMyTrip), Abhishek Goyal (founder of Tracxn) and Ganapathy Subramaniam (partner at Celesta Capital).

“We are truly the first Indian space start-up incorporated in India