January 17, 2021

Pixxel: Indian house know-how startup Pixxel secures $5 million in seed funding

BENGALURU: Indian space-technology startup Pixxel stated on Wednesday it has raised $5 million in seed spherical led by Blume Ventures, growX ventures and Lightspeed India.

The spherical additionally included contributions from Inventus Capital India and different angel traders together with Stanford Angels and Ryan Johnson, a veteran within the earth imaging house, it stated in an announcement.

The brand new funding will strengthen Pixxels plans for its first satellite tv for pc launch later this 12 months and speed up growth of the second satellite tv for pc, it stated.

Together with the funding, Ryan Johnson, beforehand founder and CEO at Blackbridge, a Canadian earth- imaging firm, and ex-President at Planet Labs, one of many largest satellite tv for pc imaging firms on the planet, will likely be becoming a member of the Board of Administrators on the firm.

Pixxel stated it’s constructing a constellation of earth-imaging small satellites that can present world protection each 24 hours. Pixxel was based in February 2019 by then 21-year olds Awais Ahmed and Kshitij Khandelwal whereas nonetheless learning of their closing 12 months of undergraduate research at BITS Pilani.

“Pixxels satellites will gather information-rich knowledge at a a lot greater high quality than todays satellites that can then be analysed utilizing Pixxels proprietary machine and deep studying fashions so as to detect, monitor and predict world issues and phenomena,” the assertion stated. The primary satellite tv for pc is scheduled to launch in the direction of the tip of this 12 months on a Soyuz rocket, it was acknowledged.