IIT-M incubated space tech startup gets funding
The Hindu
GalaxEye raised an undisclosed amount in a pre-seed round led by Speciale Invest
IIT Madras incubated space tech startup, GalaxEye, has raised an undisclosed amount in a pre-seed round led by Speciale Invest. The funds will be deployed to strengthen and build its infrastructure and for prototype development. The startup aims to launch its first satellite by early 2023. Founded in 2020, GalaxEye aims to realize a gap in the earth observation data provider segment, and is working on an advanced constellation of earth observation satellites with the vision of enabling stakeholders to make efficient decisions based on a high-resolution dataset with high frequency of coverage.
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