Stories
OXG Space Raises Rs 17 Crore to Revolutionize In-Orbit Computing
- •Bengaluru-based spacetech startup OXG Space secured Rs 17 crore in a funding round led by Aum Ventures through its India Innovation Fund II.
- •Skyroot Aerospace founders Pawan Kumar Chandana and Bharath Daka, along with Cosmoserve founder Chiran Phanindra, also participated in the funding round.
- •OXG Space is developing satellite connectivity and in-orbit computing infrastructure to process and transmit Earth-observation data in near-real time.
- •The newly raised capital will fund Mission Synapse, a 12-month program aimed at demonstrating the startup's core technologies in orbit.
- •Co-founders Akash Shetty and Sanjay Gorur are former Indian Space Research Organisation engineers with experience in Chandrayaan-2 and Chandrayaan-3 missions.
Key Questions Answered
OXG Space successfully raised Rs 17 crore in a funding round led by Aum Ventures through its India Innovation Fund II. The round also saw participation from Cosmoserve founder Chiran Phanindra and Skyroot Aerospace founders Pawan Kumar Chandana and Bharath Daka.
The newly raised capital will fund Mission Synapse, a 12-month programme designed to demonstrate the startup's core technologies in orbit. These technologies include a Ka-band phased-array antenna, a deployable mesh reflector for ground links, and a deployable solar array.
OXG Space is tackling the issue of delayed data transmission and processing caused by satellites having to store imagery until passing over a ground station. By combining 5G-inspired connectivity and onboard computing in space, they enable near-real-time data access and reduce processing delays.
