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Total amount raised
$95M
Latest funding date
2025-06-11
Location
Pixxel has successfully raised funding over 11 rounds, with the latest being a Grant round. The company is backed by 31 investors, including iDEX - DIO and Glade Brook Capital Partners.
Keep reading to explore the intricacies of Pixxel's fundraising journey and the investors backing this innovative platform.
Pixxel has raised funding across multiple rounds backed by over 30 investors, including Google, Radical Ventures, Lightspeed, Glade Brook Capital Partners, and M&G Investments.
Keep reading to explore Pixxel's complete fundraising journey, from its early seed rounds to its most recent iDEX SPARK grant.
What Is Pixxel?
Pixxel is a global space data company and spacecraft manufacturer headquartered in Los Angeles and Bengaluru, India. Founded in 2019 by Awais Ahmed and Kshitij Khandelwal, Pixxel is building a constellation of high-resolution hyperspectral Earth-imaging satellites and the analytical tools to mine insights from that data. The company's mission is to serve as a health monitor for the planet — detecting, monitoring, and predicting threats that conventional satellites cannot see. Its flagship Aurora satellite constellation delivers data across hundreds of spectral bands for industries including agriculture, mining, energy, environmental monitoring, and defence.
How Much Funding Has Pixxel Raised?
- Non-Equity Assistance (CDL)
- Amount Raised: Undisclosed
- Date: September 2019
- Lead Investors: Creative Destruction Lab (CDL)
- Seed Round (Tranche 1)
- Amount Raised: USD 5,000,000
- Date: August 2020
- Lead Investors: Blume Ventures, growX ventures, Lightspeed India Partners
- Participants: Inventus Capital India
- Seed Round (Tranche 2 / Close)
- Amount Raised: USD 7,300,000 (total seed close including Tranche 1)
- Date: March 2021
- Lead Investors: Blume Ventures, growX, Lightspeed India Partners
- Participants: Omnivore VC, Techstars, Ryan Johnson (ex-Planet Labs)
- Series A
- Amount Raised: USD 25,000,000
- Date: March 2022
- Lead Investors: Radical Ventures
- Participants: Jordan Noone, Seraphim Space Investment Trust, Lightspeed, Blume Ventures, Sparta LLC
- Strategic (Accenture Ventures)
- Amount Raised: Undisclosed
- Date: August 2022
- Lead Investors: Accenture Ventures
- Series B
- Amount Raised: USD 36,000,000
- Date: June 2023
- Lead Investors: Google
- Participants: Radical Ventures, Lightspeed, Blume Ventures, growX, Sparta, Athera Venture Partners
- Grant (iDEX Prime)
- Amount Raised: Undisclosed (multi-crore rupee grant)
- Date: July 2023
- Lead Investors: iDEX — Innovations for Defence Excellence, Indian Ministry of Defence
- Series B Extension
- Amount Raised: USD 24,000,000
- Date: December 2024
- Lead Investors: Glade Brook Capital Partners, M&G Investments
- Participants: Aditya Birla Ventures, Radical Ventures, Google, Lightspeed
- Grant (iDEX SPARK)
- Amount Raised: Undisclosed
- Date: June 2025
- Lead Investors: iDEX — Innovations for Defence Excellence, Indian Ministry of Defence (under DISC 8 Challenge 6.2)
Total Amount Raised: At least $95 million based on disclosed funding (USD 5M Seed + USD 7.3M Seed close + USD 25M Series A + USD 36M Series B + USD 24M Series B extension = USD 97.3M across disclosed cash rounds; company has confirmed $95M total across all rounds). Several rounds have undisclosed amounts.
Key Investors
- Google
- Details: Google joined as a new investor in Pixxel's June 2023 Series B round and continued participation in the December 2024 extension. Pixxel is the first Google-funded space-tech company.
- Radical Ventures
- Details: Toronto-based AI-focused VC firm that led Pixxel's $25M Series A in March 2022 and participated in subsequent rounds including the Series B and its extension.
- Lightspeed Venture Partners
- Details: Early backer participating since the 2020 seed round; continued participation through all subsequent rounds including the Series B extension.
- Glade Brook Capital Partners
- Details: Co-led Pixxel's December 2024 $24M Series B extension alongside M&G Investments, bringing the total Series B to $60M.
- M&G Investments (M&G Catalyst)
- Details: New investor in the December 2024 Series B extension, co-leading the $24M round alongside Glade Brook Capital Partners.
- Blume Ventures
- Details: Indian VC firm and early backer that co-led Pixxel's initial $5M seed round and participated in subsequent rounds.
- Accenture Ventures
- Details: Made an undisclosed strategic investment in Pixxel in August 2022, becoming the second global fund to invest in the company.
- iDEX — Innovations for Defence Excellence
- Details: Indian Ministry of Defence initiative that awarded Pixxel two grants — the iDEX Prime grant in July 2023 for miniaturized multi-payload satellites for the Indian Air Force, and the iDEX SPARK grant in June 2025 for hyperspectral and MWIR payload development.
What's Next for Pixxel?
Pixxel is focused on expanding its hyperspectral satellite constellation and growing commercial data sales across agriculture, energy, mining, and environmental monitoring sectors. The company plans to scale its Aurora constellation to offer more frequent revisit times and broader coverage, while continuing to develop its analytics platform for enterprise customers.
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