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XDLINX Space Labs raises USD 7 million in seed funding led by Ashish Kacholia
The Business Guardian
|October 10, 2024
XDLINX Space Labs, a prominent player in India's space technology industry, has announced the successful completion of a USD 7 million seed funding round. The round was led by Ashish Kacholia of Lucky Investments with additional backing from E2MC, Mana Ventures, and a prominent family office.
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This funding will accelerate XDLINX's mission to revolutionize satellite technology and push the boundaries of space exploration through innovation and cost-effective solutions.
Founded in 2022 in Hyderabad, XDLINX Space Labs began with a bold vision to redefine space missions and make innovative satellite technology accessible to a broader range of clients.
The company's first major milestone came with the successful launch of JANUS-1, a software-defined 6U Nanosat to demonstrate multi-tenancy payload capabilities, developed in a record time of just 10 months and launched aboard ISRO's SSLV-D2 rocket on February 10, 2023 which brought down the cost and time to space significantly, compared to other traditional satellite.
This story is from the October 10, 2024 edition of The Business Guardian.
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