PARIS – Indian IT giant Infosys announced on Sept. 19 plans to invest around $2 billion in Indian Earth observation company GalaxEye Space.
“Eye of the Galaxy is proud to have Information systems“, a global leader in technology and innovation, as a strategic investor in our Series A round,” the company posted on LinkedIn. “Their decades of experience in digital innovation and engineering are a perfect match for our mission to reshape space technology and Earth observation. With this partnership, we aim to bring breakthroughs in satellite data fusion, AI-driven analytics, and next-generation space technologies, paving the way for new insights and solutions from space.”
Infosys' investment in GalaxEye was revealed shortly after GalaxEye CEO Suyash Singh shared the company's plans at the World Satellite Business Week here.
GalaxEye is preparing to launch in 2025 what it calls the world’s first multi-sensor Earth observation satellite. The satellite will be equipped with a synthetic aperture radar and a multispectral sensor. GalaxEye has demonstrated the performance of the sensors on drones, Singh said. Space news.
Combining sensors on one spacecraft will give GalaxEye unique capabilities to support the Indian Armed Forces. For example, the sensors will help analysts detect military camouflage, track troop movements and conduct surveillance in low-light conditions, according to GalaxEye's website.
GalaxEye announced in August that it had raised $6.5 million in a Series A round. The investment from Infosys provides the startup with an additional $2 million.
Singh co-founded GalaxEye in 2021 with four fellow students from the Indian Institute of Technology Madras. The students had previously joined forces and were selected as finalists in the 2019 SpaceX Hyperloop competition.
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