Infosys to invest up to ₹17 crore in spacetech startup GalaxEye

Mansi Agarwal, Published on Sep 19th, 2024

Infosys to invest up to ₹17 crore in spacetech startup GalaxEye

Infosys on Thursday announced it will invest up to ₹17 crore in spacetech startup GalaxEye. The IT major will acquire a minority shareholding, not exceeding 20%, in the startup. Incubated at IIT Madras and based out of Bengaluru, GalaxEye is building multi-sensor imaging satellites. It raised $6.5 million from Mela Ventures, Speciale Invest and other investors in August.

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