Spacetech Startup GalaxEye Bags INR 17 Cr From Infosys

Spacetech Startup GalaxEye Bags INR 17 Cr From Infosys

SUMMARY

Infosys said that the investment will be made through the Infosys Innovation Fund, which focuses on collaborating with artificial intelligence and deeptech startups

The investment is part of GalaxEye’s ongoing Series A round. Last month, the startup raised INR 55 Cr from investors including Mela Ventures and Speciale Invest

GalaxEye aims to build the world’s first multi-sensor earth observation satellite, alongside a constellation of indigenous micro-satellites with advanced data fusion capabilities

IT giant Infosys is investing INR 17 Cr (about $2 Mn) in Bengaluru-based spacetech startup GalaxEye’s ongoing Series A funding round to acquire a minority stake.

In an exchange filing, Infosys said that the investment will be made through the Infosys Innovation Fund, which focuses on collaborating with artificial intelligence and deeptech startups to develop next-generation solutions for its clients. 

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