Pixxel Raises $36 Million in Funding with Google as New Investor
Pixxel's Hyperspectral Imaging Satellites Revolutionize Climate Insights
2 June 2023
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Kunal Tyagi
Pixxel, an Indian space startup, has raised $36 million in funding and secured Google as a new investor.
The funds will be used to develop Pixxel's AI-powered analytics platform, 'Aurora,' and expand its satellite constellation for Earth monitoring.
Pixxel's hyperspectral imaging satellites will provide detailed data on emissions, water pollution, soil composition, and more, empowering global organizations to make informed decisions for a sustainable future.
Pixxel, a space startup based in India, has made significant strides in its mission to build a constellation of hyperspectral imaging satellites for Earth monitoring. The company recently announced a successful funding round, raising $36 million and attracting Google as a new investor. With this fresh capital, Pixxel aims to further develop its AI-powered analytics platform, 'Aurora,' and expand its satellite constellation. These advancements will enable Pixxel to deliver actionable climate insights and empower individuals worldwide to make informed decisions about the planet's well-being.
Awais Ahmed, co-founder and CEO of Pixxel expressed excitement about the funding round, stating that they are now one step closer to realizing their mission of building a health monitor for the planet. Pixxel's hyperspectral satellite constellation, set to be the world's first and highest resolution, will provide unprecedented insights into climate patterns on a global scale. The $36 million raised in this funding round brings Pixxel's total venture funding to an impressive $71 million, making it India's highest-funded space tech startup.
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Pixxel's hyperspectral imaging satellites capture images at various wavelengths in the electromagnetic spectrum, offering vital information about Earth's health. This data will be instrumental in monitoring emissions, water pollution, gas leaks, oil spills, soil composition, forest biodiversity, and crop health with unparalleled detail and speed. The global community, including environmental organizations and governments, will benefit greatly from Pixxel's data in making informed decisions and implementing effective measures for a sustainable future.
Google's investment in Pixxel is a landmark development, marking the tech giant's entry into India's space tech sector. While the exact size of the investment remains undisclosed, it signifies Google's growing interest in supporting Indian startups and aligning its resources with promising ventures. Pixxel's cutting-edge technology and data analytics platform hold great potential for collaboration, especially in the realms of high-definition mapping and data analysis. Google's investment may also pave the way for larger investments in the space tech sector.
Pixxel has made significant strides in its journey, having launched three Pathfinder missions and securing multiple commercial contracts. The company is now focused on the final stages of developing its commercial satellites, which will provide satellite-based imagery and data analytics services to paying customers. Pixxel plans to launch six of these satellites by March next year, forming the foundation of its hyperspectral imagery constellation. With over 50 commercial contracts in its portfolio, Pixxel anticipates drawing monthly recurring revenue from clients by mid-2024, supporting its expansion plans.