Total amount raised
$95 Million
Latest funding date
12/1/2024
Location
Pixxel has successfully raised funding over 11 rounds, with the latest being a Grant round. The company is backed by 31 investors, including iDEX - DIO and Glade Brook Capital Partners.
Keep reading to explore the intricacies of Pixxel's fundraising journey and the investors backing this innovative platform.
What Is Pixxel?
Pixxel is a space data company based in Bengaluru, Karnataka, India. It specializes in developing a constellation of hyperspectral earth imaging satellites, aiming to build a health monitor for the planet through advanced hyperspectral imaging.
Operating in the aerospace, geospatial, information technology, and satellite communication industries, Pixxel has between 101-250 employees. The company provides solutions for various sectors, including agriculture, energy, environment, forestry, mining, and government.
How Much Funding Has Pixxel Raised?
- Grant Round
- Amount Raised: Not publicly disclosed
- Date: June 2025
- Lead Investors: iDEX - DIO
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance their technology and expand their constellation of hyperspectral earth imaging satellites.
- Series B Round
- Amount Raised: USD 24,000,000
- Date: December 2024
- Lead Investors: Glade Brook Capital Partners, M&G Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development and launch of Pixxel's constellation of 18 commercial hyperspectral satellites and enhance the AI-driven Earth Observation platform Aurora.
- Series B Round
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth of Pixxel's satellite manufacturing capacity and scale operations for future missions.
- Series B Round
- Amount Raised: USD 36,000,000
- Date: June 2023
- Lead Investors: Google
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expedite the construction and deployment of Pixxel's constellation of hyperspectral satellites.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: August 2022
- Lead Investors: Accenture Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance Pixxel's software capabilities and expand their satellite manufacturing services.
- Series A Round
- Amount Raised: USD 27,000,000
- Date: March 2022
- Lead Investors: Radical Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and support the launch of their hyperspectral satellites.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance their satellite technology and expand their constellation.
- Seed Round
- Amount Raised: USD 2,300,000
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and initial satellite launches.
- Seed Round
- Amount Raised: USD 5,000,000
- Date: August 2020
- Lead Investors: Blume Ventures, growX ventures, Lightspeed India Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund the development of their initial hyperspectral imaging satellites.
- Non-Equity Assistance Round
- Amount Raised: Not publicly disclosed
- Date: September 2019
- Lead Investors: Creative Destruction Lab (CDL)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive mentorship and support for early-stage development.
Total Amount Raised: USD 95,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- iDEX - DIO
- Details: iDEX - DIO is an initiative by the Indian Ministry of Defence to promote innovation and technology development in the defense sector. It aims to create an ecosystem that fosters innovation and encourages startups to develop solutions for defense and aerospace.
- Investment Focus Areas: Defense, aerospace, innovation.
- Notable Investments: Focuses on defense-related startups.
- Glade Brook Capital Partners
- Details: Glade Brook Capital Partners is a global growth equity firm that invests in emerging leaders in software, internet, and deep technology. The firm is known for partnering with transformative growth-stage companies.
- Investment Focus Areas: Software, internet, deep technology.
- Notable Investments: SpaceX, Stripe, Airbnb.
- Google
- Details: Google is a multinational technology company specializing in Internet-related services and products. Known for its search engine, online advertising technologies, cloud computing, software, and hardware.
- Investment Focus Areas: Technology, AI, cloud computing.
- Notable Investments: Waymo, DeepMind, SpaceX.
- Radical Ventures
- Details: Radical Ventures is a venture capital firm focused on investing in artificial intelligence and machine learning companies. The firm aims to support transformative technologies that leverage AI.
- Investment Focus Areas: Artificial intelligence, machine learning, deep tech.
- Notable Investments: Cohere, Untether AI.
- Lightspeed
- Details: Lightspeed is a venture capital firm that invests in the enterprise, consumer, and health sectors. The firm is known for its early-stage investments in high-growth technology companies.
- Investment Focus Areas: Enterprise, consumer, health.
- Notable Investments: Snap, Affirm, Grubhub.
What's Next for Pixxel?
Pixxel is poised to revolutionize the space technology sector with its ambitious plans to deploy a constellation of 18 commercial hyperspectral satellites. This initiative promises to unlock vast opportunities in agriculture, climate monitoring, and resource management, leveraging the AI-driven Earth Observation platform, Aurora, to deliver actionable insights. The scale of this opportunity is underscored by the $95 million raised across all funding rounds, with significant backing from high-profile investors.
Future fundraising efforts are likely as Pixxel continues to scale its operations and expand its satellite manufacturing capabilities. The company's growth trajectory suggests potential for further investment rounds to support the deployment of additional satellites and the enhancement of its technological offerings. However, Pixxel will need to navigate technical and logistical challenges, competition from other space-tech firms, and the complexities of securing additional funding while managing investor expectations.
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