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The acquisition also gives GalaxEye access to StarOps’ qualified satellite bus platforms in the 50 kg, 150 kg and 250 kg categories.
More than 65% of the commitments for the first close came from overseas Limited Partners (LPs), or investors.
The new model was trained using tens of thousands of Nvidia GB300 GPUs.
The acquisition is expected to bolster its position in the fast-growing AI coding market, where rivals Anthropic and OpenAI and Anthropic have gained significant traction.
Cheque sizes are expected to range between $500,000 and $3 million.
The funding round was co-led by Sherpalo Ventures and Singapore's sovereign wealth fund GIC.
The Pathfinder, a 200 kg-class satellite, is scheduled to reach orbit as early as Q4 2026.
The funding round was led by Ramakant Sharma, co-founder of Livspace and a prominent angel investor.
The funding round saw participation from Merak Ventures, Java Capital, IIMA-CIIE, and investor Manish Gandhi.
The funding round saw participation from new investors such as Hero Investment Office, 35 North Ventures, Indusbridge Ventures, and Monarch Holdings
Aerospace Fasteners, which has manufacturing facilities at Rohtak, Haryana, will continue to operate under its existing management following the stake sale.
The startup had previously raised $3 million in a pre-Series A funding from Pravega Ventures in January 2025.
The funds will be used in research and development, advancing satellite deployment plans, and scaling its data relay network.
AI and deep tech will continue to dominate the fund’s thesis, perhaps even more strongly than before.
The space tech company is also heading for its initial public offering (IPO) later this year.
The funds raised will be used to build and add capacity at its upcoming 200,000 square feet facility in North Bangalore.
This development comes as SpaceX awaits a highly-anticipated initial public offering (IPO) this year.
The fund will follow a multi-stage approach from venture, to growth, to late-stage private equity and pre-IPO opportunities.
The funding round saw participation from Accel, Prosus, YourNest Venture Capital, BlueHill Capital, Campus Fund and Riceberg Ventures.
The funding was raised from Advenza Global Ltd, Atharva Green Ecotech LLP, HDFC Bank and Artha Select Fund, among others.
