India, April 30 -- Ahmedabad-based spacetech SatLeo Labs has raised $3.3 Mn (around INR 28 Cr) in a Pre-Series A funding round led by Merak Ventures, along with participation from Huddle Ventures, GVFL, Java Capital, IIMA Ventures, PointOne Capital and other angel investors.

The startup plans to use the fresh capital to develop its proprietary thermal imaging payload and boost research and development efforts. It also aims to ramp up its infrastructure setup and stead-fast pilot testing of its projects to further validate their technology and secure regulatory approvals.

Founded in 2023 by Shravan Bhati, Urmil Bakhai and Ranendu Ghosh, SatLeo Labs captures high-impact thermal and optical imaging data from low earth orbit (LEO) via its p...