SatLeo Labs raised USD 3.3 million in a pre-seed fundraising round. Merak Ventures led the round, with Huddle Ventures as a major investor, alongside GVFL, Java Capital, IIMA Ventures, PointOne Capital, and angel investors Manish Gandhi and Dheer Baldua.
This investment is a critical step forward in SatLeo Labs’ mission to transform earth observation using thermal imaging technology.
The funds will be used to further develop its proprietary thermal imaging payload, complete essential feasibility studies, and get regulatory permissions. Furthermore, the funding will go toward team expansion, infrastructure deployment, and pilot testing, allowing the firm to prove its technologies and strengthen industry connections.
SatLeo Labs has already sparked significant industry interest, securing over $25 million in Letters of Intent (LOIs) from prospective clients. With an experienced team that includes former ISRO scientists and collaborations with ISRO and IN-SPACe, the company is well-positioned to disrupt the geospatial analytics industry with its cutting-edge thermal imaging technologies.
Leadership Comments
“Each 1°C rise in temperature can reduce global GDP by up to 10%. Our thermal data helps detect risks before they turn into billion-dollar losses — from crop failures to wildfires. At Satleo, we’re transforming space data into real-world resilience,” said Shravan Bhati, Co-founder & CEO of SatLeo Labs. “This funding underscores the growing confidence in our vision to position India as a global leader in space-based intelligence by delivering cost-effective and reliable solutions.”
“Earth Observation (EO) data is projected to exceed $700 billion by 2030, contributing $3.8 trillion to global GDP. Beyond economics, thermal EO can help cut 2 Gigaton of GHG emissions annually and drive nature-positive action,” said Urmil Bakhai, Co-founder & CSO of SatLeo Labs
“We are pioneering a dual-band, high-resolution thermal payload designed for fused multispectral imaging – empowering sustainable solutions across agriculture, environmental conservation, climate-resilient urban planning, and strategic defence,” said Dr. Ranendu Ghosh, Co-founder & CTO of SatLeo Labs.”
“Our investment in SatLeo Labs is rooted in a clear thesis – thermal imagery from space is still vastly underutilised, and its commercial applications are only set to grow in ways we may not yet fully grasp. We’re backing them for a genuine tech breakthrough that makes thermal data more useful, accessible and affordable. Just as importantly, they bring a rare combination of DeepTech expertise and real-world application insights,” said Sheetal Bahl, Partner at Merak Ventures. SatLeo Labs aims to launch its first thermal imaging satellite in the near future, further solidifying India’s position as a leader in commercial space technology while targeting global markets.
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