Pixxel Bags $25 million in Series A funding as India’s SpaceTech startups find escape velocity

| D2C brand Plum gets $35 mn in Series C round from A91 Partners and others

"We’re committed to providing a critical tool in the fight against climate change, helping researchers and on-the-ground responders detect and develop effective strategies to combat imminent environmental threats," said Awais Ahmed, Co-Founder and CEO, Pixxel.

"This funding will not only assist us with this goal but will help us improve our software capabilities so that organizations of all sizes can access and understand this data,” he added.

In 2021, India's spacetech startups had a breakthrough year with funding of nearly $70 million, up from $22 million in 2020, according to Tracxn.

Also Read | Skillbee raises $3.2 million in seed funding to assist migrant workers find jobs abroad

Pixxel is amongst the most well-funded startups in the space with Agnikul Cosmos, Skyroot Aerospace, Dhruva, Digantara, SatSure, Vesta Space and others attracting strong investor interest after the government opened up the space sector for private companies in mid-2020.

While each startup brings its own proposition to space technology with a range of applications, Pixxel's strength lies in offering advanced tools for agriculture, oil, gas, mining and environmental agencies to analyze geospatial images of the earth’s surface in real-time through a simple API. It helps monitor the health of crops, measure climate risks such as floods, famine or carbon emissions and detect pipeline leaks.

For India, tracking disaster response activities, agricultural productivity, natural resources and urbanization are key areas whose management can contribute to planet conservation and sustainability, the company said in a statement.