Pixxel, an Indian company that builds hyperspectral imaging satellites and Earth-observation software, said on 7 September 2026 that it had closed a $100m Series C round. Singapore's state investor Temasek and the space investor Seraphim co-led the round.
New investors 360 ONE Asset and IMM Investment joined, along with existing backers Radical Ventures, growX ventures and M&G Catalyst, among others. The round brings Pixxel's total funding to $195m, meaning it had raised about $95m before the Series C.
Pixxel said it was the largest single funding round raised by a space technology company in India. The company did not disclose a valuation.
“Years ago, we set out to build a health monitor for the planet. Hyperspectral imaging gave us a fundamentally new way to see Earth. This new investment gives us the scale to turn that vision into planetary infrastructure. More ways of sensing, more intelligence from every image, and more sovereign capability for nations. Our goal is to make a changing planet understandable in time to act.”Awais Ahmed, Founder and CEO, Pixxel
What Pixxel does
Pixxel started with hyperspectral satellites, which split reflected light into far more narrow bands than a conventional imaging satellite. That lets the imagery show information about the Earth's surface, such as crop disease, methane leaks, mineral content or water quality, that ordinary pictures miss, The Next Web reported.
The company has since added Aurora, its Earth intelligence software, and satellite systems for commercial and government missions. Over the past two years it has deployed six Firefly satellites, which it describes as the highest-resolution commercial hyperspectral constellation.
Pixxel said it holds contracts with NASA and the US National Reconnaissance Office, has won several iDEX challenges from India's Ministry of Defence, and was selected to lead the development of India's first public-private Earth observation constellation of 12 satellites under the national space regulator IN-SPACe. It has also announced plans for an orbital data-centre demonstration satellite.
The company is led by founder and chief executive Awais Ahmed, with co-founder Kshitij Khandelwal as chief technology officer, according to the Free Press Journal. It lists Bengaluru and Los Angeles on its announcement.
Who invested
The Next Web reported that Seraphim's share of the round was $25m, and that the money came from the London-listed Seraphim Space Investment Trust. Google, an earlier investor in Pixxel, was not listed among the participants this time, according to the same report.
Mark Boggett, chief executive of Seraphim Space, said Pixxel was well positioned in themes including AI-powered Earth observation, sovereign space capabilities and India's growth as a space technology country, and that Seraphim was deepening its support.
What the money is for
Pixxel said the Series C would fund four priorities. The first is new sensing capacity: a next-generation hyperspectral constellation called Honeybee that extends observation into shortwave infrared, plus synthetic aperture radar and ultra-high-resolution optical imaging. The first Honeybee satellite is expected to launch in 2027.
The company will also keep developing Aurora as the layer that combines its datasets into insights for customers, and expand its work on sovereign Earth observation systems for civil, defence and intelligence missions. Finally, it plans to increase satellite manufacturing capacity in India and the US. The Next Web reported that the company calls its manufacturing facility Gigapixxel.
In an interview with Outlook Business, Ahmed said Pixxel planned to launch at least 12 more satellites in the following year and early 2028, and that it also builds, delivers and operates satellites for the government under contract.
Company website: pixxel.space