Indian area know-how startup Pixxel secures USD 5 million in seed funding

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Indian area know-how startup Pixxel secures USD 5 million in seed funding

Indian space-technology startup Pixxel mentioned on Wednesday it has raised USD 5 million in a seed spherical led by Blume Ventures, growX ventures and Lightspeed India. The spherical additionally included contributions from Inventus Capital India and different angel traders together with Stanford Angels and Ryan Johnson, a veteran within the earth imaging area, it mentioned in an announcement.

The brand new funding will strengthen Pixxels plans for its first satellite tv for pc launch later this yr and speed up the event of the second satellite tv for pc, it mentioned.

At the side of the funding, Ryan Johnson, beforehand founder and CEO at Blackbridge, a Canadian earth-imaging firm, and ex-President at Planet Labs, one of many largest satellite tv for pc imaging corporations on the planet, might be becoming a member of the Board of Administrators on the firm.

Pixxel mentioned it’s constructing a constellation of earth imaging small satellites that can present international protection each 24 hours.

Pixxel was based in February 2019 by then 21-year olds Awais Ahmed and Kshitij Khandelwal whereas nonetheless finding out of their closing yr of undergraduate research at BITS Pilani.

“Pixxels satellites will acquire information-rich knowledge at a a lot greater high quality than right this moment’s satellites that can then be analysed utilizing Pixxels proprietary machine and deep studying fashions with a purpose to detect, monitor and predict international issues and phenomena,” the assertion mentioned.

The primary satellite tv for pc is scheduled to launch in direction of the tip of this yr on a Soyuz rocket, it was said.

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Shreya Sharma

Hey this is Shreya From ShoppersVila News. I'm a content creator belongs from Ranchi, India. For more info contact me [email protected]

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