Pixxel, India’s first private earth imaging company, has raised $5 million in seed funding. The Bengaluru-based company’s first satellite is scheduled to launch towards the end of this year on a Russian Soyuz rocket. The company will utilize new funds to expand the team, strengthen the technology and accelerate progress towards the deployment of its constellation. The firm plans to deploy a total of 30 satellites by December 2022 for its global constellation.
The funding round was led by Blume Ventures and growX ventures and Lightspeed India. It also included contributions from Inventus Capital India and other angel investors including