Pixxel raises $100 Million in Series C funding led by Temasek, Seraphim

Bengaluru-based space-tech company Pixxel has raised $100 million in a Series C funding round co-led by Temasek and Seraphim, as the company expands beyond hyperspectral imaging into Earth intelligence software, sovereign space systems and satellite manufacturing.

The round also saw participation from new investors 360 ONE Asset and IMM Investment, along with existing investors Radical Ventures, growX ventures and others. Pixxel said the latest investment is the largest funding round raised by an Indian space technology company and takes its total funding to $195 million.

Pixxel started with hyperspectral imaging satellites designed to capture information about the Earth’s surface beyond what conventional imagery can provide. It has since expanded into Earth intelligence software through Aurora, as well as satellite systems for commercial and sovereign space missions.

The company said the new funding will help build what it calls “planetary infrastructure” by bringing together advanced sensing satellites, software and space systems. The aim is to help governments, industries and institutions turn Earth observation data into actionable intelligence.

Awais Ahmed, Founder and CEO of Pixxel, said the company had initially set out to build a “health monitor for the planet”, with hyperspectral imaging providing a new way to observe Earth “This new investment gives us the scale to turn that vision into planetary infrastructure. More ways of sensing, more intelligence from every image, and more sovereign capability for nations. Our goal is to make a changing planet understandable in time to act.”

Mark Boggett, CEO at Seraphim Space, said Pixxel is positioned across several major themes in the space sector, including AI-powered Earth observation, sovereign space capabilities and India’s emergence as a global SpaceTech player. “We’re delighted to deepen our support as the company continues to scale.”

What will Pixxel use the $100 million funding for?

Pixxel said the Series C funding will support four strategic priorities. The company plans to expand its sensing capabilities through the Honeybee constellation, high-resolution optical imaging satellites, and other technologies. It will also continue developing Aurora, which acts as an intelligence layer combining different datasets to produce “decision-ready insights”. 

The company will also expand its work on sovereign Earth observation systems and increase satellite manufacturing capacity through Gigapixxel, its next-generation facility designed for high-rate production of advanced satellites.

The fundraise follows a period of expansion for Pixxel. Over the past two years, the company has deployed six Firefly satellites, which it describes as the world’s highest-resolution commercial hyperspectral constellation, and launched Aurora, its Earth intelligence software platform.

Pixxel has also secured contracts with NASA and the National Reconnaissance Office (NRO), won multiple iDEX challenges from India’s Ministry of Defence, and announced plans for an orbital data-centre demonstration satellite. The company has additionally been selected to lead the development of India’s first public-private Earth observation constellation of 12 satellites under IN-SPACe.