Alphabet Inc. Google leads a $36 million funding round for an Indian Space Startup Pixxel based in Bengaluru. This firm is used to identify mineral deposits or the productivity of crops and cropping fields by analyzing the spectral signature of an image.

Highlights

• Indian firm Pixxel just got more $71 million from investors
• The company still ignores the mention of how much it got from Google
• CEO of Pixxel said the company will use the funding to build its satellite network

Google makes its first of this kind of investment in any Indian Space Sector after the step taken by the government to make it private by bringing a privatization policy in April. Alphabet Inc. Google leads $36 million (Approx Rs 297 crore) funds for Bengaluru-based Pexxel, which works as a satellite image startup.

The space company Pixxel was founded in 2019 and the aim is to build a constellation of satellites that will have the ability to identify mineral deposits or the productivity of crops by noticing the special signature of an image.

This startup bagged up around $71 million (approx. Rs. 585 crores) from several investors including Accenture PLC. Still, the space area company did not specify the exact amount of investment Google made in them.

Giant Tech Company Google did not immediately respond to the statement raised in the market about such an investment.

Pixxel’s Founded and Chief Executive Awaise Ahmed said about company Pixxel would be “the most valued tech company in India after this investment.”

“We work with satellite data and Google does a lot of work around that with agriculture and environment,” he also added “They also have Google Earth… so a combination of that led to them seeing a benefit.”

Pixxel is among the most other companies which just comes after the government took action to make the space sector private. 

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