Pixxel, a US-India-based space technology company has announced the closing of $24 Million in additional funding as part of its Series B round. This new investment brings the total Series B funding to $60 million.

The Series B extension round added new investors, M&G Catalyst and Glade Brook Capital Partners, who join existing backers Google, Radical Ventures, Lightspeed, and others.

The funds will enable Pixxel to accelerate the development and launch of Pixxel’s entire constellation of 18 commercial hyperspectral satellites planned for the near future. 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.

Satellite manufacturing

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.

“This funding reflects the bold vision we’ve set out to achieve at Pixxel and echoes the investors’ confidence in Pixxel’s technological capabilities,” said Awais Ahmed, Founder and CEO of Pixxel. “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 governments can act faster and smarter for the greater good through Pixxel’s cutting-edge hyperspectral satellites. ”

Pixxel’s hyperspectral satellites are designed to capture data across 250+ spectral bands at an unparalleled 5-meter spatial resolution, spectrally fingerprinting the earth and delivering details invisible to conventional imaging methods.

The upcoming Fireflies constellation of 6 commercial-grade hyperspectral satellites, set for launch in early 2025, will provide enhanced global coverage with native 5-meter resolution, a 40-kilometre wide swath and daily revisit frequency anywhere on the planet.

The funding comes at a time when thesector has seen by policy-level push from the government and investor interest.