Accenture Ventures invests in Pixxel2 min read . Updated: 30 Aug 2022, 10:37 PM IST
Bengaluru-based Pixxel is building a constellation of low-Earth satellites that are capable of producing ‘hyperspectral imagery’. Such imagery can be used in a wide range of applications, such as assessing threats to endangered marine ecosystems, predicting and preventing forest fires and more.
NEW DELHI: Accenture Ventures, the investment arm of the global information technology (IT) services firm, has announced an undisclosed strategic investment in Indian space-tech startup, Pixxel. The move follows Pixxel’s $25 million Series A fundraising announced in March this year, and makes Accenture Ventures the second global fund to have invested in an Indian space-tech firm, after Canada’s Radical Ventures led the company’s funding round in March.