The new funding will boost Pixel’s plans to launch six satellites in 2024 and another 18 by 2025.
The new funding will advance Pixel’s mission to build the world’s first and highest-resolution hyperspectral satellite constellation, providing actionable climate insight on a planetary scale.
Pixxel, India’s first company to launch private commercial satellites into space, announced $36 million in Series-B funding round with participation from existing investors Radical Ventures, Lightspeed, Bloom Ventures, GroX, Sparta and Athera along with new investors like Google Did.
“The new funding will advance Pixel’s mission to build the world’s first and highest-resolution hyperspectral satellite constellation, providing actionable climate insights on a planetary scale. It will also aid in the development of Aurora: Pixel’s AI-powered analytics platform to make hyperspectral analysis accessible to all,” according to a statement.
Data from Pixxel’s satellites will be critical in helping global organizations monitor emissions, water pollution, gas leaks, oil spills, soil composition, forest biodiversity and crop health in unprecedented detail and at high speed.
Additionally, the new funding will boost Pixel’s plans to launch 6 satellites in 2024 and another 18 by 2025.
Pixel co-founder and CEO Awais Ahmed said, “At Pixel, we believe the future of our planet lies in our ability to accurately monitor and protect its health. With this round of funding, we are now We are one step closer to realizing our mission of creating a health monitor for the world, and empowering people around the world to make informed decisions about our collective well-being.”
“We are incredibly grateful for the incredible support and belief in our vision from our world-class investors and look forward to working together to make a meaningful positive impact on the future of our planet,” he added.
Pixxel’s hyperspectral satellites can take pictures at hundreds of wavelengths across the electromagnetic spectrum and reveal important data about the health of the planet. Both the hyperspectral constellation and the advanced data analytics platform will provide 10 times more information in space than today’s multispectral satellites and increase the available spectral resolution by 50 times.
As the need for better ESG data monitoring and measurement becomes critical, Pixxel’s capabilities will help organizations comply with national and global sustainability standards.
Pixxel has seen a historic year of growth in 2022, launching three Pathfinder missions into orbit and growing its customer base 5X. Most recently, the company announced a 5-year contract with the NRO Commercial Systems Program Office (CSPO) for strategic commercial enhancements to the Commercial Hyperspectral Capabilities Program.
Pixxel’s venture funding now totals $71 million, making it the most funded space tech startup in India. The new investors join existing backers such as Lightspeed, Radical Ventures, Accenture Ventures, Relativity’s Jordan Nunn, Seraphim Capital, Ryan Johnson, Bloom Ventures, Sparta LLC, GroX Ventures, Athera Venture Partners, Omnivore VC, among others.
