SpaceTech startup TakeMe2Space has raised ₹5.5 crore in a pre-seed round led by Seafund. The round also saw participation from Blume Ventures, Artha Venture Fund, AC Ventures and other marquee angels. 

The Hyderabad-based startup plans to use the proceeds to launch of MOI-1 – India’s first AI-labratory in space. The company has successfully finished two space missions in collaboration with ISRO’s POEM platform.

Founded last year, the spacetech startup is redefining satellite applications by addressing data processing challenges directly in space itself. 

Getting ready for its upcoming MOI-1 launch, the startup said it would focus on ensuring about 15 customers for AI-lab have a smooth experience of running their orbital applications.

In the short term, the company’s go-to-market would be focused on doubling down on the adoption of the satellite subsystems developed by it in India, Australia and Europe.

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“We aim at democratising space for all. Over the next 12 months, the company expects to double its revenues,” Ronak Kumar Samantray, Founder & CEO, TakeMe2Space, said.