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Funding · Government, Defense & Space

GalaxEye closes $10M Series A funding round

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GalaxEye logo
Date
Company
GalaxEye
What it does
Multi-sensor satellite technology
Kind
Funding
Amount
$10M
Stage
Series A
Founded
2021
Sector
Government, Defense & Space

What they do

GalaxEye builds multi-sensor satellite technology combining Optical MSI and SAR sensors for all-weather, high-resolution Earth observation

What happened

The company closed a $10M Series A round led by MountTech Growth Fund – Kavachh, with participation from Mela Ventures, Speciale Invest, and others

Why it matters

Funds will accelerate Mission Drishti, India's largest privately built satellite, and a constellation of micro-satellites by 2027

The details

  • GalaxEye has closed a $10M Series A funding round.
  • The round was led by MountTech Growth Fund – Kavachh (MGF-Kavachh).
  • Other investors include Mela Ventures, Speciale Invest, ideaForge, Samarthya Investment Advisors, Infosys, Rainmatter, Navam Capital, Faad Capital, and Anicut Capital.
  • The first tranche of $6.5M was raised in August 2024.
  • The funds will accelerate development of Mission Drishti, the world's first commercial satellite with both SAR and MSI sensors on a single platform.
  • Mission Drishti is scheduled for launch in Q1 2026 and will deliver fused resolution of 1.8 metres.
  • GalaxEye also developed India's first UAV SAR system for defence, with over 300 successful test flights.

The bigger picture

  • The Union Cabinet approved a Rs 1,000 crore Venture Capital Fund for the space sector, supporting about 40 space tech startups.
  • GalaxEye's technology addresses the need for all-weather, high-resolution Earth observation for both government and private sectors.
  • The company aims to launch a constellation of micro-satellites by 2027 for real-time insights.

About the business

  • GalaxEye builds multi-sensor satellite technology combining Optical MSI (Multi-Spectral Imaging) and SAR (Synthetic Aperture Radar) sensors for all-weather, high-resolution Earth observation.
  • Mission Drishti is India's largest privately built satellite and will deliver the highest-resolution imagery from any private player in India.
  • The company developed India's first UAV SAR system for defence, with over 300 successful test flights.

What happens next

  • Accelerate development of Mission Drishti satellite for launch in Q1 2026.
  • Launch a constellation of micro-satellites by 2027 for real-time insights to government and private sectors.

The deal

Type
Series A

Investors

Founders

  • Suyash Singh, CEO & Co-founder
  • Denil Chawda, Co-founder
  • Kishan Thakkar, Co-founder
  • Pranit Mehta, Co-founder
  • Rakshit Bhatt, Co-founder

About GalaxEye

Product
OptoSAR satellites combining optical and synthetic aperture radar for all-weather day-and-night Earth observation capabilities
Customers
Government agencies, defense establishments, agriculture, insurance and disaster response sectors globally
How it makes money
B2G and B2B model providing satellite Earth observation data and services
What sets it apart
Proprietary OptoSAR technology enabling weather-agnostic imaging with 66% indigenization and reduced global supply chain dependence
Operations
Vertically integrated satellite design and manufacturing through acquisition of StarOps with in-house engineering capabilities

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