Spacetech startup SatLeo Labs has raised $2.2 million in a seed funding round led by Unicorn India Ventures, thereby taking its total funding to $5.5 million to date. Notably, the round also witnessed participation from Merak Ventures, Java Capital, IIMA-CIIE, and investor Manish Gandhi.
Furthermore, the company plans to utilise the fresh capital to accelerate its thermal satellite mission while simultaneously scaling its AI-powered platform for thermal intelligence applications.
Founded by Shravan Bhati, SatLeo Labs develops satellite-based systems capable of capturing both thermal and visible data from low Earth orbit. Consequently, its platform enables a wide range of applications, including defence, agriculture, urban planning, and climate monitoring.
In addition, the startup has already developed its first thermal payload, TAPAS-1, and is currently preparing it for satellite integration. At the same time, it has initiated pilot deployments, including urban heat and air pollution monitoring projects in cities such as Ahmedabad and Tumakuru.
Meanwhile, SatLeo Labs has expanded its team to nearly 30 members and continues to strengthen its commercial pipeline. Importantly, the company has secured letters of intent exceeding $42 million, reflecting strong market interest in its offerings.
Looking ahead, the firm will focus on achieving satellite launch readiness, expanding its commercial footprint, and scaling its thermal data capabilities over the coming year.
SatLeo Labs’ latest funding round underscores growing investor confidence in India’s spacetech ecosystem. As demand for satellite-driven intelligence rises across sectors, the startup appears well-positioned to capitalise on emerging opportunities while advancing its technological roadmap.
