Satlabs Space Systems raises $1 Mn from Finvolve and IA

Deep-tech space startup Satlabs Space Systems has raised $1 million in a funding round from Finvolve & India Accelerator (IA).

The proceeds will be utilized to accelerate R&D, advance satellite deployment plans, and scale its data relay network, Satlabs Space said in a press release.

Co-founded in Feb. 2023 by Sooraj Gopakumar and Saisree Eega, Satlabs addresses a bottleneck in the space ecosystem that delays in downlinking earth observation data due to limited ground station coverage. The startup’s data relay solution aims to reduce latency from hours to minutes, and eventually near real time, enabling critical applications across defence, agriculture, disaster response, offshore energy, and industrial IoT.

According to the Bengaluru-based startup, it is currently progressing toward the launch of its proof-of-concept relay satellite, with plans for phased constellation deployment over the coming years. The company’s technology roadmap also extends into non-terrestrial industrial IoT connectivity, enabling real-time communication in regions beyond terrestrial network coverage.

Satlabs aims to build cost-efficient, scalable, and globally compatible satellite communication infrastructure, while strengthening India’s position in the rapidly evolving space-tech ecosystem. The startup strives to make real-time satellite data accessible, reliable, and scalable across the globe.

The startup asserts that it is developing a constellation of low-cost data relay satellites designed to act as “floating ground stations” enabling faster, continuous communication between satellites and end users. 

India Accelerator (IA) is a seed-stage startup accelerator and alongside its accelerator programs, it actively invests in early-stage startups through its joint venture Finvolve, three AIFs, and a GIFT City Fund. The platform provides founders with capital, mentorship, and market access, enabling scalable and sustainable growth.