India, Jan. 20 -- Spacetech startup Catalyx Space has secured $1.7 Mn (around INR 14.7 Cr) in its pre-seed funding round led by HF0 Residency, along with participation from Founders, Inc. and a host of Silicon Valley and sovereign fund investors.

In a LinkedIn post, the company said that the fresh capital for product development, including building of a 100 kg satellite bus and technology demonstration for re-entry capsules.

"These funds are crucial for the expansion of Catalyx's product offerings and customer base," Rifath Shaarook, founder and CEO, Catalyx Space told Inc42.

Founded by Rifaath and Clinton D Antony in 2024, Catalyx Space offers unmanned space labs and re-entry capsules for multi-purpose operations, such as research, ma...