PARIS – Indian information technology giant Infosys announced plans Sept. 19 to invest about $2 million in Indian Earth-observation startup GalaxEye Space.

Infosys Ltd. announced on Thursday that it would acquire up to a 20% stake in GalaxEye, a space-tech startup that builds multi-sensor satellites. The stake will be acquired for Rs 17 crore and the transaction is expected to be completed by Sept.

GalaxEye claims to be currently building 'the world's first multisensor imaging satellite for earth observation purposes'

Infosys invests up to Rs 17 crore in GalaxEye Space Solutions, a space tech startup, through its Innovation Fund. The investment will support GalaxEye's development of multi-sensor satellites and data platforms for various industries.

Infosys is strategically moving into the space tech sector with an investment in GalaxEye Space Solutions. GalaxEye, incubated at IIT Madras and headquartered in Bengaluru, is at the forefront of developing multi-sensor satellites and synchronization platforms.

Founded at IIT Madras and headquartered in Bengaluru, GalaxEye is developing multi-sensor satellites and a synchronization platform that produces high-resolution, all-weather datasets.