Space Tech Startup News Today

The firm did not disclose the valuation at which it raised the capital, but cofounder and chief executive Srinath Ravichandran said it was higher than the valuation assigned to the firm in the previous fundraising rounds, without giving further details.

Within a week of the launch of the country’s first privately built rocket, the Vikram-S, it’s now the turn of satellites of two other startups, Pixxel and Dhruva, to get deployed in the Earth’s orbit on Saturday. But this might just be the beginning.

Bengaluru-based Pixxel is building a constellation of low-Earth satellites that are capable of producing ‘hyperspectral imagery’. Such imagery can be used in a wide range of applications, such as assessing threats to endangered marine ecosystems, predicting and preventing forest fires and more.

Space tech startup Skyroot plans to raise $40 mn; double workforce to 180 next year