PARIS – Indian information technology giant Infosys announced plans Sept. 19 to invest about $2 million in Indian Earth-observation startup GalaxEye Space.

Infosys is strategically moving into the space tech sector with an investment in GalaxEye Space Solutions. GalaxEye, incubated at IIT Madras and headquartered in Bengaluru, is at the forefront of developing multi-sensor satellites and synchronization platforms.

Infosys Ltd. announced on Thursday that it would acquire up to a 20% stake in GalaxEye, a space-tech startup that builds multi-sensor satellites. The stake will be acquired for Rs 17 crore and the transaction is expected to be completed by Sept.

GalaxEye claims to be currently building 'the world's first multisensor imaging satellite for earth observation purposes'

Infosys revealed plans to invest up to ₹17 crore (approximately $2 million) in GalaxEye Space Solutions, marking its first move into the space technology sector.