An Indian spacetech start-up called GalaxEye Space that specializes in earth observation has announced that it has successfully raised a $3.5 million round of seed funding headed by the deep-tech venture capital firm Special Invest.
Additionally, Artha India Ventures, Veda VC, Anicut Capital, Upsparks, and a group of businessmen led by Nithin Kamath, founder and CEO of Zerodha; Prashant Pitti, founder and CEO of EaseMyTrip; Abhishek Goyal, founder and CEO of Tracxn; and Ganpathy Subramaniam participated in the new round (as a partner at Celesta Capital).
The company's flagship product utilizes data fusion technologies created in-house along with multi-sensor imaging from contemporary satellites. With the help of a tiny satellite constellation that, if fully operational, will offer global coverage in less than 12 hours, GalaxEye's technology will make it possible to produce photos with an incredibly high resolution.
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