Wednesday, 6 November, 2024

Former Defence Secretary's VC Fund Backs SpaceTech Firm GalaxEye

Ajay Kumar, former Defence Secretary, has invested in Indian space-tech startup GalaxEye through his new venture capital fund. GalaxEye is developing advanced multi-sensor satellite imaging technology to provide high-quality, real-time data for various industries, including defense and agriculture. The investment highlights growing support for India’s emerging space-tech sector, enhancing the country’s capabilities in satellite imaging and data analytics for global markets.