Akshata Sharma
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Indian drone maker ideaForge Technology has acquired an undisclosed non-controlling stake in Bengaluru-based spacetech startup GalaxEye for Rs 8.28 crore.
IIT Madras-incubated GalaxEye builds multi-sensor imaging satellites, which allow governments, defence, and industries to perform advanced state-of-the-art geospatial analyses.
Ideaforge plans to use GalaxEye's expertise in creating sensing solutions to develop drone-based sensors for fog penetration and foliage penetration sensors with them.
Recently, GalaxEye partnered with Innovations for Defence Excellence (iDEX) to develop a cutting-edge multi-sensor fusion processing system tailored for miniature satellites serving the Indian Air Force (IAF).
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