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Spacetech startup Catalyx Space Raises $1.7 Mn In Funding

Catalyx Space, a space-tech startup has raised $1.7 million (around INR 14.7 Cr) in its pre-seed funding round led by HF0 Residency.

By Jitendra Das
New Update
Spacetech startup Catalyx Space Raises $1.7 Mn In Funding

Catalyx Space, a space-tech startup has raised $1.7 million (around INR 14.7 Cr) in its pre-seed funding round led by HF0 Residency.

The round also saw participation from other founders, Inc. and a host of Silicon Valley and sovereign fund investors. 

Funding Utilisation

The startup plans to use the new funds for product development, including building a 100 kg satellite bus and testing technology for re-entry capsules.

Read also - D2C Lingerie Brand Krvvy Raises Rs 6.1 cr In Pre-seed Funding

Rifath Shaarook, founder and CEO, Catalyx Space, said, “These funds are crucial for the expansion of Catalyx’s product offerings and customer base. By providing standardised APIs and mass-manufactured satellites, Catalyx hopes to lower the barriers for developers working on payloads.”

About Catalyx Space 

Bengaluru-based Catalyx Space was founded in 2024 by Rifath Shaarook and Clinton D Antony, it offers unmanned space labs and re-entry capsules for various purposes like research, manufacturing, biotech, semiconductors, defense, AI, advertising and more.

The company helps businesses and research institutions build, launch, test and improve their solutions and products.

It also provides full services for satellite building and payload integration. Catalyx claims to have partnered with over 26 space missions and 24 sub-orbital payload launches and has also launched one orbital satellite.

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