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Infosys-backed GalaxEye plans new satellite to meet global demand for geospatial data

Economic Times

Economic Times · 2m ago

Infosys-backed GalaxEye plans new satellite to meet global demand for geospatial data

Infosys-backed space tech startup GalaxEye plans to develop a new imaging satellite to meet the increasing global demand for geospatial data in agriculture, mining, and defense sectors. The Bengaluru-based company aims to launch the satellite with a resolution of 0.5 meters, improving upon its first satellite, Mission Drishti. Utilizing proprietary SAR and optical MSI technology, GalaxEye seeks to provide all-weather information, reduce revisit times, and enhance its manufacturing capabilities to support expanding international defense markets.

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Infosys-backed spacetech firm GalaxEye tests payload in 'Bermuda Triangle' of space

Economic Times

Economic Times · 6m ago

Infosys-backed spacetech firm GalaxEye tests payload in 'Bermuda Triangle' of space

Infosys-backed spacetech startup GalaxEye successfully tested its payload in the South Atlantic Anomaly, known as the "Bermuda Triangle of Space," highlighting its resilience in extreme conditions. The payload, combining Synthetic Aperture Radar (SAR) and optical imagery, maintained functionality despite high radiation levels and low temperatures. This test is a precursor to the launch of Mission Drishti, part of a multi-sensor earth observation satellite program. Infosys invested Rs 17 crore in GalaxEye to develop satellite data applications.

Spacetech Startup GalaxEye Bags INR 17 Cr From Infosys

Inc42 · 11m ago

Spacetech Startup GalaxEye Bags INR 17 Cr From Infosys

Infosys plans to invest in GalaxEye, an artificial intelligence and deeptech startup, through its Innovation Fund. This investment is part of GalaxEye's ongoing Series A funding round. GalaxEye intends to develop a multi-sensor earth observation satellite and a constellation of micro-satellites with advanced data fusion capabilities.

Space startup GalaxEye to launch 'Drishti satellite' through Elon Musk's SpaceX

Economic Times

Economic Times · 10m ago

Space startup GalaxEye to launch 'Drishti satellite' through Elon Musk's SpaceX

Space startup GalaxEye is collaborating with SpaceX to launch their multi-sensor Earth observation satellite, 'Drishiti,' in mid-2025. GalaxEye aims to be a key provider of data across various altitudes, starting with a constellation of five satellites. The company has partnered with Infosys to handle the management and processing of the massive amount of satellite data. The Drishiti satellite, built in India, will utilize Synthetic Aperture Radar (SAR) and Multi-Spectral Instrument (MSI) sensors to capture high-resolution images of the Earth. GalaxEye aims to make satellite imagery more accessible and valuable to industries across sectors.

Mapping new heights

Economic Times

Economic Times · 8m ago

Mapping new heights

The geospatial market in India is projected to grow at a CAGR of 16.5% to reach Rs 25,000 crore by 2025. Initiatives like Smart Cities Mission and precision agriculture are driving the demand for location-based analytics, satellite imagery, and real-time data. The Indian companies leading the investment surge in the geospatial industry include Skyroot, Pixxel, Agnikul, SatSure, Skylark Drones, ideaForge, and GalaxEye. The overall funding in the Indian space sector has witnessed fluctuations, with investments peaking in 2022. India's domestic market is forecasted to outpace exports significantly by 2028, driven by increasing public sector projects and private investments.

GalaxEye, CynLr, Heliware secure early-stage cheques

VCCircle

VCCircle · 9m ago

GalaxEye, CynLr, Heliware secure early-stage cheques

Spacetech startup GalaxEye, deeptech robotics startup CynLr, and 3D geospatial platform Heliware have secured early-stage funding. GalaxEye raised $10 million in a Series A funding round, allowing them to accelerate the development of their satellite mission for delivering high-resolution, all-weather data. CynLr raised $10 million in a Series A round, which will be used to expand their team and research capabilities. Heliware secured $0.5 million in pre-Series A funding to support the launch of their new products. These investments will further the growth and development of these innovative companies.

Space companies want govt to implement DPI for Earth observation

Economic Times

Economic Times · 1y ago

Space companies want govt to implement DPI for Earth observation

Indian space startups, including GalaxEye Space, Dhruva Space, and Pixxel, are urging the government to establish a digital public infrastructure (DPI) for earth observation-based geospatial analytics. This would allow easy access to satellite data archives, ground station networks, cloud computing resources, simulation tools, and navigation APIs. The companies believe that implementing DPI would open up new opportunities for applications in sectors like agriculture, disaster management, and urban development. They also emphasize the need for collaboration between the government and industry to ensure the successful integration of these technologies.

How SkyServe Is Bringing Real-Time Analytics To Satellite Data Processing

Inc42 · 1y ago

Indian spacetech startup SkyServe plans to launch 18-20 space missions over the next two years. The company aims to provide cost-effective geospatial data and insights as a service, leveraging satellite constellations and advanced sensor technology. With a focus on industries such as defence, agriculture, telecommunications, and smart city planning, SkyServe aims to revolutionize the way Earth data is captured and processed. The startup has raised over $1 million in seed funding and expects the demand for edge-based geospatial data to increase in the APAC region.

Survey cites ISRO role in infra development, calls for large public-private partnership in sector

Economic Times

Economic Times · 6m ago

Survey cites ISRO role in infra development, calls for large public-private partnership in sector

The Economic Survey emphasizes ISRO's role in infrastructure development through its advanced geospatial platforms, calling for significant public-private partnerships. ISRO's Bhuvan Platform aids infrastructure monitoring under schemes like MGNREGA and PMKSY. The geospatial approach facilitates data accessibility for analytical implementation at various government levels. India’s geospatial market is projected to grow substantially, supported by initiatives like the GSAT-20 satellite. The survey outlines India's Space Vision 2047 and highlights key projects aimed at technological advancement and global collaboration.

GalaxEye To Launch Multi Sensor Earth Observation Satellite Next Year GalaxEye To Launch Multi Sensor Earth Observation Satellite Next Year

Inc42 · 10m ago

GalaxEye To Launch Multi Sensor Earth Observation Satellite Next Year GalaxEye To Launch Multi Sensor Earth Observation Satellite Next Year

The Earth observation satellite 'Drishiti' is expected to be launched by GalaxEye by mid-next year. This launch aims to establish GalaxEye as a leading provider of data at different altitudes. GalaxEye, founded in 2021 by Pranit Mehta, Suyash Singh, Denil Chawda, Kishan Thakkar, and Rakshit Bhatt, is striving to make a significant impact in the field of Earth observation.

Ex-defence secretary Ajay Kumar’s VC fund to invest in spacetech firm GalaxEye

Economic Times

Economic Times · 9m ago

Ex-defence secretary Ajay Kumar’s VC fund to invest in spacetech firm GalaxEye

Venture capital firm Mounttech Growth Fund is participating in a $10 million funding round for spacetech startup GalaxEye. The fund, founded by former defence secretary Ajay Kumar, focuses on space and defence startups. This investment is Mounttech's first since its inception. The funding will be used to accelerate the development of GalaxEye's upcoming satellite, called the "Drishti Mission," which aims to provide high-resolution, all-weather, multi-sensor data. GalaxEye has also partnered with Ideaforge for drone technology development and other industry partners for satellite launches. The Indian space technology sector saw $126 million in funding in 2023.

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