Pixxel Funding, Investors & Competitors

Pixxel has raised $168M across 7 funding rounds, most recently a $73M undisclosed-stage round in August 2026.

Last Pixxel funding round

$73M

Undisclosed stage · Aug 2026

Cumulative funding Pixxel raised

$168M

across 7 funding rounds

Key investors in Pixxel

  • growX ventures
  • Blume Ventures
  • Lightspeed Venture Partners
  • Ryan Johnson
  • Techstars
  • Omnivore
  • Radical Ventures
  • Athera Venture Partners

Pixxel Overview

About Pixxel

Pixxel is a Bengaluru-headquartered space company operating a constellation of 25 hyperspectral satellites imaging Earth at 5-meter resolution. Launched Firefly in 2022 and planned 36-satellite Grey Space network for daily global coverage, it detects crop stress and oil spills. Pixxel supplies data to ISRO and U.S. defense firms via APIs. Founded in 2019, it raised funding for polar orbit launches from India.


Founded

2019

HQ

IndiaBangalore

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Usage-based, Subscription

Pixxel Funding History

Pixxel has raised a total of $168M across 7 funding rounds.

Pixxel's first fundraising round was a $700K pre-seed round in July 2019. The most recent completed round was a $73M undisclosed-stage round in August 2026.

Pixxel funding rounds

Pixxel funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2026Undisclosed stageKJ Singh; Ryan Johnson; Lightspeed Venture Partners; Blume Ventures; Omnivore; growX ventures$73MPixxel raised $5 million in a seed round led by Blume Ventures, with participation from growX Ventures, Lightspeed India, Inventus Capital India, Stanford Angels, and angel investor Ryan Johnson. The funding was intended to support its first satellite launch and accelerate development of its second satellite. Pixxel is a Bengaluru-based space-technology startup focused on hyperspectral earth imaging and satellite data for climate and environmental insights. The company said the capital would strengthen its satellite constellation plans and help expand its operational capabilities as it moved toward launch milestones.
Dec 2024Series BGlade Brook Capital Partners (lead); M&G Investments (lead)$24MPixxel, a Bengaluru-based space tech startup, develops hyperspectral earth-imaging satellites and an AI-driven Earth observation platform called Aurora for applications in agriculture, energy, urban planning, mining, environmental monitoring, and climate action. The company raised an additional $24 million in a Series B extension round from new investors M&G Catalyst (part of M&G Investments) and Glade Brook Capital Partners, bringing the total Series B to $60 million following an initial $36 million raise in June 2023 led by Google, Radical Ventures, and Lightspeed. Across all rounds, Pixxel has secured $95 million, positioning it as one of India's highest-funded space-tech startups and the top-funded hyperspectral imaging company globally. The funds will accelerate the development and launch of Pixxel's hyperspectral satellite constellation, including the Firefly constellation of six commercial-grade satellites offering 5-meter resolution, 40-kilometer swath, and daily global revisits, slated for early 2025 launch via ISRO and SpaceX rockets, plus 18 additional satellites for a total of 24. Investments will also expand satellite manufacturing capacity, enhance Aurora for hyperspectral data analysis, and scale operations to provide full-spectrum satellite services. Investors highlighted Pixxel's innovative technology for monitoring crop health, climate change, resource management, and environmental protection. M&G Catalyst, within M&G plc's £74 billion private markets business managing £343.5 billion in assets as of December 2023, focuses on companies addressing environmental challenges. Glade Brook Capital Partners, a growth equity firm backing companies like SpaceX, xAI, Stripe, and Uber, praised the team's vision and execution in advancing the hyperspectral market.
Jun 2023Series BAlphabet (lead); Athera Venture Partners; Sparta Group; Radical Ventures; Lightspeed Venture Partners; Blume Ventures; growX ventures; Aditya Baraskar$36MPixxel is a Bengaluru and California-based space tech startup founded in 2018 or 2019 by Awais Ahmed and Kshitij Khandelwal, specializing in hyperspectral Earth-imaging satellites that capture hundreds of narrow spectral bands for detailed analysis of emissions, water pollution, gas leaks, oil spills, soil composition, forest biodiversity, and crop health. The company develops the Aurora AI-powered analytics platform to make hyperspectral imagery accessible and provides up to 10x more information with 50x higher spectral resolution than competing multispectral systems. Clients include Rio Tinto, DataFarming, and a five-year contract with the US National Reconnaissance Organization (NRO) for hyperspectral capabilities; it has launched three pathfinder missions and grown its customer base fivefold in the prior year. On June 1, 2023, Pixxel raised $36 million in a Series B funding round led by Google through its India Digitalisation Fund, with participation from Radical Ventures, Lightspeed Venture Partners, Blume Ventures, growX Ventures, Sparta Group, and Athera Venture Partners. This brought total venture funding to $71 million, following a $25 million Series A in 2022 extended to $27 million with an additional $2 million, and backing from Accenture Ventures, Relativity’s Jordan Noone, Seraphim Capital, Ryan Johnson, and Omnivore VC. Funds will support building a high-resolution hyperspectral satellite constellation for planetary-scale climate insights, launching six satellites in 2024 and 18 more by 2025, expanding the satellite network, accelerating Aurora development, and hiring engineers. The investment highlights growing interest in Indian space tech amid sector privatization and funding challenges.
Mar 2022Series ARadical Ventures (lead)$27MPixxel is a US-India-based space technology company building hyperspectral satellite imaging systems for Earth observation and environmental monitoring. The company develops cutting-edge imaging satellites capable of detecting climate impacts at global scale, with applications in crop health monitoring, resource management, and climate change detection. Founded by Awais Ahmed and Kshitij Dhawan, Pixxel focuses on providing detailed Earth imaging data through proprietary sensor design and AI-powered analytics platforms. In March 2022, Pixxel closed a Series A funding round led by Radical Ventures for $25 million (sources indicate both $25 million and $27 million for this round; Clay lists it as $27 million while BusinessWire specifies $25 million). The round included participation from existing backers Lightspeed, Relativity's Jordan Noone, Seraphim Capital, Ryan Johnson, Blume Ventures, Sparta LLC, growX ventures, Inventus Capital, and Omnivore VC. At the time, the company was backed by multiple prominent investors focused on supporting transformative deep tech and climate solutions. The funding was intended to scale operations and support the launch of Pixxel's hyperspectral satellites. Pixxel subsequently raised additional capital, reaching a total of $95 million in venture funding by December 2024, with a Series B extension round bringing total Series B funding to $60 million. The company has established itself as one of the highest-funded space-tech startups in India and the highest-funded hyperspectral imaging company globally.
Mar 2021SeedWe Founder Circle; Ryan Johnson; Lightspeed Venture Partners; Blume Ventures; Omnivore; Techstars; Antler; growX ventures$2M-
Aug 2020SeedBlume Ventures (lead); growX ventures (lead); Lightspeed India Partners (lead); Athera Venture Partners; Stanford Angels and Entrepreneurs; Ryan Johnson$5MPixxel is a US-India-based space technology company developing hyperspectral satellite imaging and Earth observation solutions. The company has built a constellation of commercial hyperspectral satellites and the Aurora AI-driven Earth Observation platform to serve agriculture, climate monitoring, and resource management applications. In August 2020, Pixxel raised $5 million in its Seed round from investors including Blume Ventures, growX ventures, and Lightspeed India Partners to fund the development of initial hyperspectral imaging satellites. The round's post-money valuation was not publicly disclosed. By December 2024, the company had raised a total of $95 million across multiple funding rounds, including a Series B extension that closed in December 2024, and successfully launched its first three hyperspectral satellites as part of the commercial Firefly constellation.
Jul 2019Pre-seedgrowX ventures (lead); Techstars (lead); Matt Kozlov; Raju Reddy; Pawan Sarda; Dileep Nath$700K-

Who has invested in Pixxel?

22 investors have backed Pixxel across its funding rounds, including growX ventures, Blume Ventures, Lightspeed Venture Partners, Ryan Johnson, Techstars and Omnivore.

Lead investors include Glade Brook Capital Partners, M&G Investments, Alphabet, Radical Ventures, Blume Ventures and 3 other investors.


Pixxel Investors

Investors in Pixxel by funding rounds participated
InvestorHQRoundsRoleFirst check
growX venturesIndiaNew Delhi5LeadJul 2019
Blume VenturesIndiaMumbai4LeadAug 2020
Ryan JohnsonCanadaCanada3ParticipantAug 2020
Lightspeed Venture PartnersUnited StatesSan Francisco, CA3ParticipantMar 2021
Athera Venture PartnersIndiaBangalore2ParticipantAug 2020
Radical VenturesCanadaToronto2LeadMar 2022
OmnivoreIndiaMumbai2ParticipantMar 2021
TechstarsUnited StatesBoulder, CO2LeadJul 2019
Matt KozlovUnited StatesLos Angeles, CA1ParticipantJul 2019
We Founder CircleIndiaMumbai1ParticipantMar 2021
Glade Brook Capital PartnersUnited StatesGreenwich, CT1LeadDec 2024
Raju ReddyUnited StatesSan Francisco, CA1ParticipantJul 2019
KJ SinghUnited StatesNew York City, NY1ParticipantAug 2026

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Investments by Pixxel

Pixxel has invested in 1 company to date.

Latest investment by Pixxel was on May 24th 2026. Pixxel invested in Pramatra Space in their Pre-seed round.


Latest Investments by Pixxel

Pramatra Space
Description
Pramatra Space is a quantum technology venture that assists enterprises in becoming quantum resilient.
HQ CountryIndia
HQ City
Bangalore
Deal Date24 May 2026
RoundPre-seed
Raisedundisclosed
InvestorsMagnivia Ventures; Seafund; Rebalance
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Pixxel Competitors

Pixxel competitors include listed companies like Spire Global, Geovis, ServiceNow and Datadog, and private ones like ICEYE and ClickHouse.

Public and private companies comparable to Pixxel
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Spire GlobalUnited StatesUnited StatesPublicly listed$72M($40M)$475M5.1x
GeovisChinaChinaPublicly listed$399M$44M$3.6B8.4x
ICEYEFinlandEspooPrivate$289M$115M$12B40.3x
ServiceNowUnited StatesUnited StatesPublicly listed$13B$2.6B$143B9.6x
DatadogUnited StatesUnited StatesPublicly listed$3.4B($588K)$85B19.4x
ClickHouseUnited StatesSan Francisco, CAPrivate$160M-$15B93.8x

Pixxel Public Comps

Pixxel is still privately-owned, but its public comps include SpaceX, Palantir, ServiceNow, Datadog, RELX, Strategy, EchoStar, Verisk Analytics, Fair Isaac and AST SpaceMobile.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SpaceX$19B$3.9B106.0x-503.3x-
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
RELX$13B$4.9B5.5x5.3x14.4x13.2x
Strategy$477M($5.4B)149.4x144.4x(13.1x)(12.3x)
EchoStar$15B($16B)3.0x3.1x(2.8x)21.5x
Verisk Analytics$3.1B$1.7B8.8x8.5x16.2x15.1x

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Common questions about Pixxel

When was Pixxel founded?Pixxel was founded in 2019.
Where is Pixxel headquartered?Pixxel is headquartered in Bangalore, India.
Is Pixxel publicly listed?No, Pixxel is a private, VC-backed company.
How much funding has Pixxel raised?Pixxel has raised $168M across 7 funding rounds.
What was Pixxel's last funding round?Pixxel's last funding round was a $73M undisclosed-stage round in August 2026.
Who are Pixxel's investors?Pixxel's investors include growX ventures, Blume Ventures, Ryan Johnson, Lightspeed Venture Partners, Athera Venture Partners, Radical Ventures, Omnivore, Techstars, Matt Kozlov, We Founder Circle and 12 others.
Which companies are comparable to Pixxel?Companies comparable to Pixxel include Spire Global, Geovis, ICEYE, ServiceNow, Datadog and ClickHouse.
How many companies has Pixxel invested in?Pixxel has invested in 1 company, including Pramatra Space.
What was Pixxel's last investment?In May 2026, Pixxel invested in Pramatra Space's pre-seed round alongside Magnivia Ventures, Seafund and Rebalance.

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