Spactech startup Pixxel raises $100 Mn in Series C led by Temasek, Seraphim

Bengaluru-based space-tech startup Pixxel has raised $100 million in its Sequence C funding spherical co-led by Temasek and Seraphim House.

The spherical additionally noticed participation from new traders 360 ONE Asset and IMM Funding, together with current backers Radical Ventures and growX Ventures, amongst others. The newest fundraise takes Pixxel’s whole funding to $195 million. The corporate mentioned the spherical is the biggest funding raised by a space-tech firm in India.

Media studies counsel that Pixxel is being valued at round $450-500 million within the newest spherical.

Pixxel will use the contemporary capital to develop past hyperspectral imaging into superior sensing satellites, Earth intelligence software program, sovereign house methods and satellite tv for pc manufacturing. Its plans embody increasing the Honeybee constellation, growing high-resolution optical imaging satellites, scaling its Aurora Earth intelligence platform and growing manufacturing capability by way of Gigapixxel.

Based by Awais Ahmed and Kshitij Khandelwal, Pixxel initially targeted on hyperspectral imaging satellites and has since expanded into Earth intelligence software program and satellite tv for pc methods for industrial and sovereign missions.

Earlier than the most recent spherical, Pixxel had raised $95 million from traders together with Google, Lightspeed, Radical Ventures, Blume Ventures, growX Ventures, Glade Brook Companions and Seraphim. The startup closed its Series B spherical at $60 million in December 2024.

The newest spherical comes shortly after Skyroot Aerospace became the primary Indian space-tech startup to attain unicorn standing, crossing the $1 billion valuation mark.

Over the previous two years, Pixxel has deployed six Firefly satellites, launched Aurora and secured contracts with NASA and the NRO. It has additionally received a number of iDEX challenges from the Ministry of Defence and was chosen to steer the event of India’s first public-private Earth commentary constellation of 12 satellites beneath IN-SPACe.