SatLeo Labs, a Gujarat-based space tech startup focused on capturing high-resolution thermal and visible data from Low Earth Orbit (LEO), has secured $2.2 million in a seed funding round led by Unicorn India Ventures.
The round also saw participation from existing investors Merak Ventures, Java Capital, IIMA-CIIE, and angel investor Manish Gandhi.
As part of the funding, the startup plans to advance its flagship thermal satellite missions and further develop its AI-powered platform for thermal intelligence applications.
SatLeo Labs has achieved a key milestone with the development of its experimental thermal payload TAPAS-1, which has reached TRL-8 readiness and is positioned for satellite integration and launch.
Over the next 12 months, the company plans to focus on satellite launch readiness, commercial expansion, and scaling its technology capabilities.
Speaking on the development, Shravan Bhati, Co-founder and CEO of SatLeo Labs, said, “Sustainability has become imperative amid accelerating climate change, rapid urbanization, and increasing global uncertainties driven by heat anomalies. This fundraiser represents a critical milestone as we transition into the execution phase of our next mission, advancing payload performance, accelerating constellation deployment, and scaling our global thermal data capabilities.”
Commenting on the investment, Bhaskar Majumdar, Managing Partner at Unicorn India Ventures, said, “We strongly believe that space is an arena where the next technological innovations and solutions will emerge from. This is our third space tech investment. The value of SatLeo presents a compelling opportunity, as it has a strong technological edge with very clear commercial applications aligning with market needs.”
The startup further said its commercial pipeline has grown significantly, with Letters of Intent increasing from approximately $15 million to over $42 million within the year, reflecting strong market demand for its space based thermal intelligence solutions.