The company will deploy funding towards advancing its satellite subsystems by strengthening its talent pool and procuring essential electronic components for integration and comprehensive testing
The funding will be channelized to develop the tech stack within the company and attract quality talent to accomplish the mission and vision
The fund raised will be used to bolster the hiring of top-tier talent and accelerate the launch of the world's first multi-sensor satellite for earth observation
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Pixxel is aiming to launch two satellites by the end of this year and aims to put up a constellation of 36 more satellites in space by the end of 2023
The company is developing a satellite launch vehicle for payload capacity of up to 100 kilograms. It said it plans to use these funds for ground testing, fabrication and team expansion.