Galaxeye Space: Providing Meaningful Earth Observation Dataset From Space
According to a recent report by Morgan Stanley, it is estimated that the global Space Tech economy could generate revenue of more than USD 1 trillion by 2040. According to the most conservative estimates, it ac¬counts for 0.5 percent of the global GDP. This will have a dramatic impact on the annual growth in the global Space Tech market, mainly owing to the growth of the space exploration sector and advances in IT, fintech, and other digital technologies.SpaceTech is a very broad term. It encompasses companies building rockets, developing satellites, manufacturing smaller components, further downstream on satellite applications, and much more. How¬ever, if we look at the big picture, the customer at the end of the value chain is looking for meaningful and insightful data, either for Earth Observation, Navigation, or Communication. Perfectly understanding these requirements, Chennai-based GalaxEye Space- a Space Tech start-up provides customers with the ‘Most Meaningful Earth Observation’ dataset from space with the help of an advanced constellation of Earth Observation Satellites.
“We operate on a Data-as-a-service model, providing Satellite Imagery Datasets and Value-added services to serve Geospatial Analytics Companies and Infrastructure enterprises. This would enable them to perform analytics on the data capturing their Area of Interest, thus deriving insights and making data-driven decisions,” explains Suyash Singh, Co-Founder & CEO, GalaxEye Space.
Advanced Sensor Technology
The core technology imbibed in the satellites of GalaxEye Space is that of object sensing using advanced sensor technology. The primary payload on the company’s satellites, Drishti Sensor, will be in-house curated state-of-the-art high-quality sensors that would capture data from space, using sensor physics.
Acquisition Of Synchronized Sensor-Fused Optical & SAR Data
While there are a few incumbent Satellite Imagery Data Providers such as Planet and Satellogic who provide only Optical imagery data and are other players like Iceye and Capella Space, providing only SAR imagery data, a couple of incumbents like DigitalGlobe offer both Optical and SAR data, but from different satellites. This is where GalaxEye stands out from the rest. GalaxEye’s satellites are equipped with the company’s patent-in-progress Drishti Sensor, which enables the acquisition of synchronized sensor-fused Optical & SAR data.
The Journey Ahead
Currently, GalaxEye is working to¬wards system design and developing its Prototype. The company is also working on engaging with its potential customers and partners to dis¬cuss possibilities of collaboration. It has raised a PreSeed round of funding led by Speciale Invest, towards developing and demonstrating the technologies.
Moving ahead, GalaxEye Space is planning to launch its first satellite in Space in the third to the fourth quarter of 2023, and eventually scale it up to a constellation of 15 satellites. The company is already in the process of designing its satellite and talking to various partners and vendors regarding the same.
While there are a few incumbent Satellite Imagery Data Providers such as Planet and Satellogic who provide only Optical imagery data and are other players like Iceye and Capella Space, providing only SAR imagery data, a couple of incumbents like DigitalGlobe offer both Optical and SAR data, but from different satellites. This is where GalaxEye stands out from the rest. GalaxEye’s satellites are equipped with the company’s patent-in-progress Drishti Sensor, which enables the acquisition of synchronized sensor-fused Optical & SAR data.
We operate on a Data-as-a-service model, providing Satellite Imagery Datasets and Value-added services to serve Geospatial Analytics Companies and Infrastructure enterprises. This would enable them to perform analytics on the data capturing their Area of Interest, thus deriving insights and making data-driven decisions
The Journey Ahead
Currently, GalaxEye is working to¬wards system design and developing its Prototype. The company is also working on engaging with its potential customers and partners to dis¬cuss possibilities of collaboration. It has raised a PreSeed round of funding led by Speciale Invest, towards developing and demonstrating the technologies.
Moving ahead, GalaxEye Space is planning to launch its first satellite in Space in the third to the fourth quarter of 2023, and eventually scale it up to a constellation of 15 satellites. The company is already in the process of designing its satellite and talking to various partners and vendors regarding the same.
