# Bengaluru-based space tech startup GalaxEye, has secured $6.5 million in a funding round led by Mela Ventures and Speciale Invest.

*aerospace · news · 2024-08-01 · Analytics India Magazine*

## Key points

- GalaxEye has secured $6.5 million to launch its first satellite, the Drishti Mission.
- GalaxEye will be the first company to integrate multi-spectral imaging and SAR in one payload.
- The startup signed an iDEX DIO agreement to develop miniaturized multi-sensor systems for the Indian Air Force.
- GalaxEye's UAV SAR system has already completed over 300 successful defence-related flights.

**Companies:** Mela Ventures, Speciale Invest, ideaForge, Navam Capital, Faad Capital, Anicut Capital, Rainmatter, GalaxEye
**Countries:** India

[Read the full story on Analytics India Magazine](https://analyticsindiamag.com/ai-news-updates/galaxeye-space-secures-6-5-million-in-funding-round-led-by-mela-ventures-and-speciale-invest/)

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