GalaxEye Space, a spacetech startup secures $3.5 million in seen round funding. According to the media reports, this funding round was led by Special Invest, a deep-tech venture capital firm.
The new round also saw the participation from investors including Artha India Ventures, Veda VC, Anicut Capital, Upsparks and a consortium of entrepreneurs including Nithin Kamath (Founder/CEO of Zerodha), Prashant Pitti (Founder/CEO of EaseMyTrip), Abhishek Goyal (Founder/CEO of Tracxn) and Ganpathy Subramaniam (Partner at Celesta Capital).
The fresh funding will help bolster the hiring of top-tier talent and accelerate the launch of the world's first multi-sensor satellite for earth observation. This will also mark the beginning of commercialization with GalaxEye customers across the US, Europe and Africa.