GalaxEye, a space-tech start-up based in India, is looking to put India on the global space-tech map by developing innovative solutions for the space industry. The company aims to leverage India’s strengths in software development and engineering to build low-cost, high-quality space solutions that can compete with the best in the world.
GalaxEye is focusing on two main areas of space technology: satellite-based remote sensing and space situational awareness (SSA). In remote sensing, the company is developing a constellation of small satellites equipped with high-resolution cameras and other sensors to capture images and data from space. These satellites can be used for a variety of applications, such as agriculture, disaster management, and urban planning.
In SSA, GalaxEye is developing software solutions to help track space debris and other objects in orbit. The company’s software can analyze data from various sources, such as radar and optical telescopes, to provide a comprehensive picture of the space environment. This information can be used to avoid collisions and improve the safety of space operations.
GalaxEye’s approach is to use low-cost, off-the-shelf components and open-source software to develop their solutions. This approach not only helps to keep costs low but also allows the company to iterate quickly and stay up-to-date with the latest developments in the industry.
Founding team: GalaxEye was founded in 2018 by three IIT Bombay alumni: Saptarshi Bandyopadhyay, Anant Prakash, and Krishnakumar Balasubramanian. The team has extensive experience in software development and engineering, and they are passionate about leveraging technology to solve real-world problems.
Funding: In January 2021, GalaxEye raised $3 million in a seed funding round led by venture capital firm Inflection Point Ventures. The company plans to use the funding to develop its technology and expand its team.
Partnerships: GalaxEye has partnered with a number of organizations to advance its technology and bring its solutions to market. For example, the company has partnered with the Indian Space Research Organisation (ISRO) to access its satellite data and collaborate on research and development projects.
Market potential: The global space industry is projected to be worth $1 trillion by 2040, and there is significant demand for innovative solutions in areas such as remote sensing and SSA. GalaxEye’s low-cost, high-quality solutions have the potential to capture a significant share of this market.
Awards and recognition: GalaxEye has received a number of awards and recognition for its innovative technology and entrepreneurial spirit. For example, the company was named one of the “Top 10 SpaceTech Startups to Watch” by Silicon India magazine in 2020.