GalaxEye Space raises $6.5 Mn led by Mela Ventures and Speciale Invest

Spacetech startup GalaxEye Space has raised $6.5 million in a new round led by Mela Ventures and Speciale Invest. The round also saw participation from ideaForge, with additional investments from  Rainmatter, Navam Capital, Faad Capital and Anicut Capital. 

The proceeds will be used to launch GalaxEye’s first satellite, the “Drishti Mission,” and further develop their multi-sensor payload technology, the company said in a press release.

Founded in 2020 by Suyash Singh, Denil Chawda, Kishan Thakkar, Pranit Mehta and Rakshit Bhatt, the company specialises in providing precise datasets from space and aerial platforms via their advanced multi-sensor payload. 

This technology integrates Optical MSI and SAR sensors to deliver intuitive data, crucial for sectors like defence, surveillance, agriculture, insurance, and aquaculture. 

GalaxEye claims to have also developed India's First UAV SAR system for defence markets and completed over 300 successful flights with UAV SAR Payload.