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Pixxel Raises $24 Million in Series B Extension Funding

Dec 09, 2024

Contract Type

partnership

BengaluruManufacturingInformation TechnologyAerospace

Description

Pixxel, a space technology company, has announced the closing of $24 million in additional funding as part of its Series B round, bringing the total Series B funding to $60 million. The funding will enable Pixxel to accelerate the development and launch of its entire constellation of 18 commercial hyperspectral satellites, support the growth of its software offerings, and drive plans to expand its satellite manufacturing capacity and operations.

Company Information

Company

Pixxel Space Technologies, Inc.

Location

C/O PIXXEL SPACE TECHNOLOGIES, INC.

Bengaluru, Karnataka, India

About

Pixxel is building a health monitor for the planet by building and launching the world’s highest resolution hyperspectral imaging satellites. Co-founded by then 20 year olds Awais Ahmed and Kshitij Khandelwal in 2019, Pixxel has worked with notable organizations such as the Indian Space Research Organization, NASA JPL, and SpaceX among space stalwarts. Pixxel is backed by Lightspeed, Radical Ventures, Relativity's Jordan Noone, Seraphim Capital, Ryan Johnson, Blume Ventures, Sparta LLC, growX ventures, Inventus Capital, and Omnivore VC among others.