has raised $10 million in Series A funding led by MountTech Growth Fund – Kavachh as a strategic investor. The round also saw participation from   , Speciale Invest, ideaForge, Samarthya Investment Advisors, and Infosys, which disclosed its strategic investment in the startup last month. The $10 million funding includes $2 million raised from Infosys and $6.5 million investment led by Mela Ventures and Speciale Invest. This marks MountTech’s maiden investment since its first close in July this year. MountTech is an early-stage venture capital firm founded by former defence secretary Ajay Kumar. The Bengaluru-based startup said it will use the funding to fast-track the launch of a high-resolution, all-weather satellite in 2025, delivering essential multi-sensor data for sectors such as defense, agriculture, and insurance. By 2027, it aims to deploy a constellation of micro-satellites to provide real-time insights to both government and private sectors. “We are thrilled to have MGF-Kavachh as our strategic partner at this pivotal stage of our journey. Their deep expertise and support-platform for defence and national security start-ups will complement our technological capabilities as we work towards launching our space missions," said Suyash Singh, CEO & Co-founder of GalaxEye. "The Prime Minister’s support towards the development of the Indian space ecosystem expressed during our recent interaction, further energises our commitment to developing space-based solutions that can serve India and deliver critical insights on a global scale,” he added. Founded in 2021, GalaxEye was established by Singh, Denil Chawda, Kishan Thakkar, Pranit Mehta, and Rakshit Bhatt—who emerged from Avishkar Hyperloop, a global competition organised by Elon Musk’s aerospace company SpaceX. Also Read