HedgeCo.Net — Indian space-technology company Pixxel said Monday it raised $100 million in a Series C round led by Singapore state investor Temasek and U.K. space-technology venture firm Seraphim, marking what Reuters described as the single-largest funding round by a space technology company in India. Existing investors Radical Ventures and growX Ventures participated alongside new investors 360 ONE Asset and IMM Investment, bringing Pixxel’s total funding to $195 million. The Times of India independently printed the same $100 million raise, the Temasek–Seraphim co-lead, the $195 million cumulative funding print, and the same new-and-existing investor slate.
Pixxel, which is Google-backed in earlier rounds per Reuters, began with hyperspectral satellites and has expanded into its Aurora Earth-intelligence software and broader satellite systems for commercial and sovereign missions. Fresh capital is earmarked to expand sensing through the Honeybee constellation and high-resolution optical satellites while further developing Aurora. TOI separately noted sources putting the post-raise valuation anywhere between $400 million and $500 million; that range is attributed to sources, not a company-confirmed number, and should be treated as reported speculation rather than a locked mark.
This is a closed Series C announcement, not an IPO or a sovereign contract award. Mark $100 million Series C, Temasek and Seraphim as leads, $195 million total funding, and the named co-investors as the hard tape. Do not invent a company-confirmed valuation, a constellation satellite count beyond what the sources state, or Google’s current ownership percentage. The allocator object is late-stage venture capital concentrating into India’s privatised space stack via a hyperspectral-to-Earth-intelligence platform raise.