Infosys to invest ₹17 crore in Bengaluru space tech startup GalaxEye

Infosys has announced an investment of up to ₹17 crore in GalaxEye Space Solutions, a Bengaluru-based space tech startup incorporated in IIT Madras. The investment made through the Infosys Innovation Fund will see the IT giant hold a minority stake of not more than 20% in the Galaxy Eye. This funding aims to support GalaxEye’s ambitious program of state-of-the-art multisensor imaging satellites.

GalaxEye’s unique approach combines data from multiple sensors to provide a complete, high-resolution, all-atmosphere satellite image. These innovations have tremendous potential for application in a variety of industries including agriculture, defence, disaster management, logistics and infrastructure management The company’s technological goal is to enhance Earth monitoring through data that comes from integrating from multiple sensors to make changes to how critical areas use satellite-based methods.

This investment follows GalaxEye’s recent success of a $6.5 million round led by Mela Ventures and Special Invest, which re-enforced its position in the aerospace technology sector The Infosys backing is expected to provide existing business has grown rapidly, and to affect the global satellite imaging and data analytics industry size position

For Infosys, this move is in line with its focus on emerging technologies and encouraging innovation by investing in promising start-ups, especially those that have the potential to transform global markets.