Spacetech Startup SatLeo Labs Raises $2.2 Million in Seed Funding

Indian spacetech startup SatLeo Labs has raised $2.2 million in a seed funding round led by Unicorn India Ventures, taking its total funding to $5.5 million. The round also saw participation from Merak Ventures, Java Capital, IIMA-CIIE, and investor Manish Gandhi, according to multiple media reports, including The Economic Times.

Funding to Accelerate Thermal Satellite and AI Platform

The newly raised capital will be used to advance SatLeo Labs’ thermal satellite mission and scale its AI-powered platform for thermal intelligence. The company is focused on building satellite-based systems that capture both thermal and visible data from low Earth orbit.

Its platform is designed to deliver data-driven insights across critical sectors such as defence, agriculture, urban planning, and climate monitoring. With increasing demand for real-time geospatial intelligence, thermal data is emerging as a key tool for monitoring environmental and security challenges.

TAPAS-1 Payload and Ongoing Deployments

Founded by Shravan Bhati, SatLeo Labs has developed its first thermal payload, TAPAS-1, which is currently being prepared for satellite integration. The payload is expected to play a key role in enabling high-resolution thermal imaging from space.

The startup has already begun pilot deployments in Indian cities. These include projects focused on urban heat mapping and air pollution monitoring in Ahmedabad and Tumakuru, signalling early adoption of its technology at the city level.

Strong Commercial Pipeline and Growth Plans for SatLeo Labs

SatLeo Labs has expanded its team to around 30 members and is actively building its commercial pipeline. The company has secured letters of intent exceeding $42 million, reflecting strong market interest in its offerings.

Over the next year, the startup plans to focus on satellite launch readiness, expanding its commercial footprint, and scaling its thermal data capabilities to meet growing demand in the spacetech and climate intelligence sectors.