India-US space tech company Pixxel raises $24 million, gives boost to its hyperspectral sat constellation project

Pixxel’s hyperspectral satellite

NEW DELHI: Pixxel, a US-India-based space technology company, which is building the world’s highest-resolution hyperspectral satellite constellation, on Monday announced that it has raised $24 million in additional funding as part of its Series B round, taking the total funding in all rounds to $95 million till now.
The funds will enable Pixxel to accelerate the development and launch of Pixxel’s entire constellation of 18 commercial hyperspectral satellites. It will also support the growth of Pixxel’s software offerings, including Aurora, its AI-driven Earth observation platform, enabling seamless analysis and actionable insights for diverse applications from hyperspectral data.
Additionally, the funds will drive Pixxel’s plans to expand its satellite manufacturing capacity, scale its operations for upcoming missions, and enhance its capability to provide a full spectrum of satellite manufacturing services — from small satellites to advanced imaging payloads for other organisations and governments.
Founder and CEO of Pixxel, Awais Ahmed, said, “This funding reflects the bold vision we’ve set out to achieve at Pixxel and echoes the investors’ confidence in Pixxel’s technological capabilities. The new infusion of capital will help us launch more satellites quicker, transforming how humanity understands and acts on the challenges of our time.”
“We look forward to building a business that continues to make a meaningful impact for generations, creating a world where industries and govts can act faster and smarter for the greater good through Pixxel’s cutting-edge hyperspectral satellites,” he further said.
Pixxel’s hyperspectral satellites are designed to capture data across 250+ spectral bands at an unparalleled five-metre spatial resolution, spectrally fingerprinting the Earth and delivering details invisible to conventional imaging methods.
The upcoming Fireflies constellation of six commercial-grade hyperspectral satellites, set for launch in early 2025, will provide enhanced global coverage with native five-metre resolution, a 40-km-wide swath, and daily revisit frequency anywhere on the planet. With applications spanning agriculture, climate monitoring, resource management, mining, environmental protection, energy, urban planning, and more, Pixxel’s technology equips organisations with the critical intelligence required to make informed, data-driven decisions.