Infosys To Infuse Rs 17 Cr In Spacetech IIT-M Startup GalaxEye

Infosys has announced an investment of Rs 17 crore in GalaxEye, a space technology startup incubated at the Indian Institute of Technology Madras (IIT-M). GalaxEye specializes in developing advanced satellite imaging technology and aims to create a constellation of satellites capable of providing high-resolution imagery for various applications, including environmental monitoring, disaster management, and urban planning. The investment from Infosys will support GalaxEye’s research and development efforts, enabling the startup to accelerate the deployment of its satellite technology. This strategic investment aligns with Infosys’ commitment to fostering innovation and supporting the growth of deep-tech startups in India. GalaxEye’s technology has the potential to revolutionize the field of satellite imaging, offering unprecedented levels of detail and accuracy. The partnership between Infosys and GalaxEye is expected to drive advancements in space technology and contribute to the development of a robust space ecosystem in India.