Funding · Government, Defense & Space

GalaxEye Space raises $6.5 Mn for satellite launch

By Startup Enthusiast · 1 August 2024

What they do

GalaxEye Space builds multi-sensor payloads for satellites and drones

It raised $6.5 Mn led by Mela Ventures and Speciale Invest

The funds will launch its first satellite Drishti Mission in Q1 2026

GalaxEye Space has raised $6.5 Mn in a new funding round.
The round was led by Mela Ventures and Speciale Invest.
ideaForge, Rainmatter, Navam Capital, Faad Capital, and Anicut Capital also participated.
The company will use the funds to launch its first satellite, Drishti Mission.
It will also develop its multi-sensor payload technology further.
The satellite is planned for launch in Q1 2026.

GalaxEye has already developed India's first UAV SAR system for defence.
It has completed over 300 successful flights with its UAV SAR payload.
The Drishti Mission will be the world's first satellite carrying both SAR and MSI sensors on one platform.
This technology provides three times more information than a standalone sensor.

GalaxEye specialises in precise datasets from space and aerial platforms using advanced multi-sensor payloads.
Its technology integrates Optical MSI and SAR sensors for intuitive data.
It serves defence, surveillance, agriculture, insurance, and aquaculture sectors.
The company has developed India's first UAV SAR system for defence markets.
It has completed over 300 successful flights with its UAV SAR payload.
The Drishti Mission satellite will carry both SAR and MSI sensors on a single platform.
OptoSAR payload co-locates a high-resolution SAR sensor and a 7-band multispectral imager.
The satellite will provide fused resolution of 1.8 m, SAR resolution up to 0.9 m, and MSI native resolution of 3.6 m.
GalaxEye has also acquired StarOps.