Bangaluru based startup Pixxel raises $5 Million to be India’s first Earth-Imaging Satellite to launch – E Hacking News
A Bengaluru based startup, Pixxel is soaring towards the moon as they recently raised a sweeping fund of 5 million dollars for their new technology for earth imaging. The funding was provided by Blume Ventures, Lightspeed India Partners, and grows ventures and other investors.
The two young founders Awais Ahmed and Kshitij Khandelwal with their innovative tech will change the way for earth imaging forever. The company’s goal is to surround the earth with a constellation of 30 small imaging satellites that will provide constant global coverage. Their satellites are quite small in size but provide high-quality imaging data that existing satellites fail to do. This 24-hour global coverage, they (Pixxel) hope will help to analyze the weather, predict and track natural phenomena in real time, and more.
Their first satellite is set to be launched later this year on a Soyuz Rocket and further, they plan to complete their constellation of 30 satellites by 2022. The founders were working on AI and satellite imaging when they enquired about a lack of high-quality imaging and up-to-date data and thus they shifted from the project and set on to develop a high-resolution earth imaging technology during their last year of graduation. Then Pixxel was launched in May 2018 and got it’s earlier findings from Techstars and grows Ventures.
This significant amount will boost the startup exponentially and the team will use the funding to fuel the technology, grow the task force, and for the deployment of the satellites. With high resolution and constant imaging combined with Pixxel’s machine learning and analysis will help tackle world problems and global phenomenon.
Awais Ahmed, CEO, and Founder of Pixxel in talks with Yourstory.com says, “Our satellites will bring down the benefits of space down to earth and help us see the unseen through a unique dataset that offers an unprecedented level of detail. We’re glad that some very high-quality investors have decided to partner with us on this long journey.”