GalaxEye acquires StarOps, looks to strengthen satellite engineering after Drishti setback
Infosys-backed GalaxEye has successfully acquired StarOps, enhancing its satellite development capabilities. With roots in TeamIndus, India's pioneering spacetech startup, StarOps will aid GalaxEye in reinforcing its satellite engineering expertise, especially after the recent loss of contact with their first satellite.
Spacetech startup GalaxEye has acquired spacecraft engineering company StarOps, aiming to bolster its in-house satellite development capabilities following a setback with Mission Drishti. StarOps, which traces its roots to TeamIndus, secured a spot in the Google Lunar XPRIZE competition and previously worked on lunar lander and rover programs.
The acquisition, which occurred a month after GalaxEye's maiden Earth observation satellite lost contact, brings StarOps’ experienced engineering team, proprietary technologies, and satellite platforms under GalaxEye. GalaxEye's CEO, Suyash Singh, stated that the acquisition significantly strengthens the company's satellite engineering capabilities.
StarOps, founded in 2022, has developed satellite bus platforms in various sizes and indigenized over 66% of the components in its satellite systems. The company's cofounder and now missions lead, Nirmal Suraj Gadde, emphasized the focus on building indigenous satellite systems and manufacturing capabilities to accelerate India's commercial space industry.
The acquisition is expected to accelerate product development and increase vertical integration as GalaxEye builds its planned OptoSAR satellite constellation. GalaxEye, founded in 2021, has raised $24 million in funding from investors including Yali Capital, Anicut, Rainmatter, and Speciale Invest.
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