SatLeo Labs, an innovative spacetech startup, has successfully raised $3.3 million in its pre-seed funding round. The round was led by Merak Ventures, with significant contributions from Huddle Ventures, GVFL, Java Capital, IIMA Ventures, PointOne Capital, and angel investors Manish Gandhi and Dheer Baldua.
The funds will help SatLeo further develop its cutting-edge thermal imaging technology, which leverages Low Earth Orbit (LEO) satellites to provide high-resolution thermal and visible imaging systems. This unique capability will enable the startup to offer actionable insights for industries ranging from agriculture and energy to urban planning and strategic surveillance.
Founded by Ranendu Ghosh and Shravan Bhati, the Ahmedabad-based company is building a dual-band, fused multispectral imaging system that promises to deliver scalable solutions, particularly for climate-sensitive sectors. SatLeo’s technology has the potential to significantly mitigate risks posed by climate change, including crop losses and wildfires, and support global emission reduction efforts and sustainable development goals.
As the company moves forward, the funding will be used for the development of its proprietary thermal imaging payload, expanding the team, securing regulatory approvals, and enhancing infrastructure. With its innovative approach, SatLeo Labs is positioning itself as a key player in the space technology sector, providing vital data that can help industries adapt to and combat the impacts of climate change.
