Google has led the founding round of Bengaluru-based Pixxel. The satellite-image startup has raised $36 million funding.
Founded in the year 2019, Pixxel is developing a constellation of satellites which can identify mineral deposits or the productivity of crops by analysing the spectral signature of an image.
Pixxel has clients like Miner Rio Tinto and Australian agritech company DataFarming.
The startup has raised more $71 million from investors including Accenture PLC. Pixxel did not specify how much Google had invested or the valuation it reflected.
As per Founder and Chief Executive Awais Ahmed, Pixxel would be "the most valued space tech company in India after this investment".
"We work with satellite data and Google does a lot of work around that with agriculture and environment," Ahmed told a news source. "They also have Google Earth ... so a combination of that led to them seeing a benefit."
The fund will be used to build out its satellite network. Pixxel is preparing six satellites for next year’s launch. The company will also hire engineers for its analytics.
“With this round of funding, we are even closer now to realising our mission of building a health monitor for the planet, and empowering people around the world to make informed decisions about our collective well-being,” Awais Ahmed, co-founder and CEO of Pixxel, said.
The Bengaluru-based spacetech startup is developing high-resolution imaging satellites for customers. These satellites will offer AI-enabled insights that will help discover, resolve and forecast climate issues in real-time.
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