Pixxel raises $24M in additional funding, taking its total Series B raise to $60M
Summary
Pixxel, a US-India-based space technology company building the worlds highest-resolution hyperspectral satellite constellation, today announced the closing of $24 Million in additional funding as part of its Series B round. We look forward to building a business that continues to make a meaningful impact for generations, creating a world where industries and governments can act faster and smarter for the greater good through Pixxels cutting-edge hyperspectral satellites. Praveg Patil, Head of Asia Pacific M&G Impact & Private Equity, said, Pixxels proprietary technology will be transformational and adaptable to monitor for enhancing crop health, climate change, managing resources more effectively and protecting our environment. Awais, Kshitij, and the Pixxel team have demonstrated exceptional vision, innovation, and execution, and we are confident they will play a pivotal role in driving the growth and adoption of the hyperspectral satellite market. With applications spanning agriculture, climate monitoring, resource management, mining, environmental protection, energy, urban planning, and more, Pixxels technology equips organisations with the critical intelligence required to make informed, data-driven decisions.This milestone represents another step forward in Pixxels vision of leveraging space technology to drive global progress, create impactful environmental solutions, and facilitate interplanetary travel, paving the way for a better tomorrow on Earth and beyond.