PARIS – Indian information technology giant Infosys announced plans Sept. 19 to invest about $2 million in Indian Earth-observation startup GalaxEye Space.
“GalaxEye is proud to have Infosys, a global leader in technology and innovation, as a Strategic Investor in our Series A Round,” the company posted on LinkedIn. “Their decades of experience in digital innovation and engineering are a perfect complement to our mission of reshaping Space Technology & Earth Observation. With this partnership, we aim to bring advances in Satellite Data Fusion, AI-driven Analytics and Next-Gen Space Technologies, paving the way for new insights and Solutions from Space.”
Infosys’ investment in GalaxEye was revealed soon after GalaxEye CEO Suyash Singh shared the company’s plans at World Satellite Business Week here.
GalaxEye is preparing to launch in 2025 what it calls “the world’s first” multi-sensor Earth-observation satellite. The satellite will be equipped with a synthetic aperture radar and a multispectral sensor. GalaxEye has demonstrated the performance of the sensors on drones, Singh told SpaceNews.
Combining the sensors on one spacecraft will give GalaxEye unique capabilities to support the Indian Armed Forces. For example, the sensors will help analysts detect military camouflage, track troop movements and conduct surveillance in low-light conditions, according to GalaxEye’s website.
GalaxEye announced in August that it raised $6.5 million in a Series A investment round. The Infosys investment provides the startup with an additional $2 million.
Singh co-founded GalaxEye in 2021 with four fellow students from the Indian Institute of Technology Madras. The students previously joined forces, and were selected as finalists, in the 2019 SpaceX Hyperloop competition.
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