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Funding · Climate, Energy & Sustainability

Pixxel raises $100 million in Series C funding

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Pixxel logo
Date
Company
Pixxel
What it does
Hyperspectral satellite imaging startup
Kind
Funding
Amount
$100 million
Stage
Series C
Based in
Bengaluru
Founded
2019
Sector
Climate, Energy & Sustainability

What they do

Pixxel builds hyperspectral imaging satellites and Earth intelligence software to monitor environmental and industrial changes on Earth

What happened

The company raised $100 million in a Series C funding round co-led by Temasek and Seraphim

Why it matters

The fresh capital takes Pixxel's total funding to $195 million and will be used to expand satellite manufacturing and constellation capacity

The details

  • Space technology startup Pixxel has raised $100 million in a Series C funding round.
  • The funding round was co-led by Singapore state investor Temasek and British venture capital firm Seraphim.
  • The round takes Pixxel's total funding to $195 million.
  • Existing investors Radical Ventures and growX Ventures participated alongside new investors 360 ONE Asset and IMM Investment.
  • The company plans to use the capital to expand satellite manufacturing in India and the United States and scale its Aurora Earth intelligence software platform.
  • Pixxel aims to increase its production capacity to 10-15 satellites a year and roll out its next-generation Honeybee imaging platform.

The bigger picture

  • The funding round is described as the largest single funding round raised by an Indian space technology company.
  • The new capital supports the company's planetary infrastructure vision to turn Earth observation data into usable intelligence.

About the business

  • Pixxel designs, builds, and operates hyperspectral imaging satellites that capture hundreds of narrow wavelength bands.
  • The company sells hyperspectral imagery and analytical insights to government and commercial customers across sectors such as agriculture, energy, mining, and environment.
  • Pixxel operates Aurora, an Earth intelligence software platform that combines satellite imagery with AI analytics for geospatial workflows.
  • The company's commercial constellation includes six Firefly satellites deployed in low Earth orbit.
  • Pixxel operates satellite manufacturing facilities in Bengaluru, India, and a laboratory in Los Angeles.

What happens next

  • Deploy upgraded Honeybee imaging satellites starting in early 2027.
  • Expand satellite production capacity in Los Angeles and Bengaluru.
  • Continue development of the Aurora Earth intelligence software platform.

The deal

Type
Series C

Investors

  • Temasek (lead) — Singapore's state investor.
  • Seraphim (lead) — British space-technology venture firm.
  • Radical Ventures (existing) — Existing venture capital backer.
  • growX Ventures (existing) — Existing venture capital backer.
  • 360 ONE Asset (participated) — New investor in the company.
  • IMM Investment (participated) — South Korean investment firm.

Founders

  • Awais Ahmed, Co-founder and CEO
  • Kshitij Khandelwal, Co-founder and CTO

About Pixxel

Product
Hyperspectral imaging satellites, Earth intelligence software and satellite manufacturing capabilities
Customers
Government agencies, enterprises and institutions requiring satellite imagery and Earth intelligence data
How it makes money
B2B space technology infrastructure providing satellite-based Earth observation services and data
What sets it apart
Proprietary hyperspectral imaging technology with sovereign space systems and manufacturing at scale

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