Bengaluru-based spacetech startup SatLeo Labs has secured fresh funding to accelerate its satellite and AI capabilities. The development comes amid increasing investor interest in deeptech and space-driven solutions.
SatLeo Labs has raised $2.2 million, approximately ₹18 crore, in a seed funding round led by Unicorn India Ventures. The round also saw participation from Merak Ventures, Java Capital, IIMA-CIIE and angel investor Manish Gandhi.
With this latest investment, the company’s total funding has reached $5.5 million. The funding reflects growing confidence in space-based data solutions and emerging applications across sectors.
As per news reports, commenting on the broader opportunity, Bhaskar Majumdar of Unicorn India Ventures said space is an area where “the next technological innovations” will emerge, adding that the company is well positioned to create long-term value in the ecosystem.
Founded by Shravan Singh Bhati, Ranendu Ghosh and Urmil Bakhai, SatLeo Labs is developing a multi-spectral satellite constellation designed to deliver continuous, high-resolution earth observation data. The platform is being built to support applications across climate monitoring, defence, agriculture, and disaster response.
The company plans to utilise the funds to advance its flagship low earth orbit thermal satellite mission and accelerate the development of its AI-driven thermal intelligence platform. This system integrates infrared and visible imaging to provide enhanced analytical insights.
Highlighting the importance of the solution, co-founder Shravan Singh Bhati noted that sustainability has become “imperative” amid climate challenges and urbanisation pressures.
Over the past year, the startup has achieved a key milestone with the development of its experimental thermal payload, TAPAS-1, which has reached Technology Readiness Level 8. The company is now preparing the system for flight readiness.
SatLeo Labs has also initiated commercial pilot projects focused on urban heat and air pollution monitoring in cities such as Ahmedabad and Tumkur. Its commercial pipeline has expanded significantly, with letters of intent increasing from around $15 million to over $42 million.
The company is incubated under IN-SPACe, further supporting its development within India’s growing space ecosystem.
The funding comes at a time when the deeptech sector is witnessing increased investor activity. Recently, Bellatrix Aerospace raised $20 million, around ₹190 crore, indicating continued momentum in space technology investments.
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With new funding, advancing technology and growing commercial traction, SatLeo Labs is positioning itself in the evolving spacetech segment, focusing on AI-driven earth observation and climate intelligence solutions.
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Published on: Apr 7, 2026, 10:42 AM IST
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