This document provides an overview of GalaxEye Space, a startup providing satellite imagery data and insights. It summarizes the team's background and experience building the Hyperloop system. It then outlines GalaxEye's solution using a constellation of multisensor imaging satellites called Drishti to provide all-time, all-weather satellite imagery for applications like risk assessment, claims verification, and disaster management. Finally, it provides details on GalaxEye's product roadmap, customer traction, and funding raised to date.
2. Co-Founder & CTO VP, Product Dev
VP, Computing VP, Business Dev
Suyash Singh Denil Chawda Kishan Thakkar
Rakshit Bhatt Pranit Mehta
Co-Founder & CEO
Team Avishkar Hyperloop, IIT
Madras
Team who built Hyperloop is now building GalaxEye Space
Masters in Aerospace
Engg.
IIT Madras.
Worked at Reliance
Chairman’s office
Masters in Aerospace Engg
IIT Madras.
5+ Years at TCS Research in
Satellite Imagery Analytics
Dual Degree in Engineering
Design IIT Madras.
Carry rich experience in Deep
learning and computing
Bachelors in Metallurgy
IIT Madras.
Lead Team Avishkar and
realized the first ever Linear
Induction motor in India.
Dual Degree in Engineering
Design IIT Madras.
Lead Team Avishkar and
Created a consortium of big
companies to realize Hyperloop
GalaxEye Space
3.
4. 4
“The number of fires on board large vessels has increased
significantly in recent years, which leads to multiple false
claims and unclear processes,” said Régis Broudin, global
head of marine claims at AGCS.
Low Tech Insurance Companies facing Heat
● About ~ $100 Mn gap per yr* between
Insured Loss and Overall Losses due to
inaccurate risk modelling
● Lloyds’ of London settled a $54 Mn claim for
MT Salem, later proven a fraud
○ 20% annually were false claims
● In USA (2020), 38% Structural Fires were
intentional in US to claim insurance under
wildfires
Averaged over last 5 years
5. 5
Problem : Inefficient Claims Verification
Manual Inspection IoT Installation Drone Flights
★ Spatial Visual
Information
➢ Not allowed until 72
hours from incident
★ Real- time
information
➢ 67% Ship Owners say
IoT is not cost-saving
★ Conventional
Approach
➢ $8000 per ground
inspection
6. Focus Insurance Market - $461 B
Maritime and Natural Catastrophe
● Insurance - $ 151 B
● Re-Insurance - $ 310 B
Addressable Market
Spends on Tech
$ 40 B
Target Market
Satellite Imagery
$ 10 B
Revenue Potential
5% Market Share
$ 1.5 B
13. 16
How ? with our Drishti Satellites
World’s First Multisensor Imaging Satellite
14. 17
17
Forest Fire Monitoring
Multispectral
● Smoke is detected
and seen
● Ground Situation is
not understood
SAR
● Ground Situation is seen and
well understood
● Time of Fire unknown since
smoke is not seen
Data Fusion
★ Presence of smoke and time
of fire is visible
★ Ground Situation is seen and
well understood
15. Customer Traction So far :
Received 50 Million+ USD Annually worth LOIs
Co Creation MoUs in Place with Customers
16. Insurance
22
GTM : Offering Fusion-based Data & Insights
Wildfire Insurance
Aquaculture/Agriculture
Yield
Aquaculture/Agriculture
Insurance & Defence
Health Insights using Open-
source (OS) Datasets
GalaxEye’s High Resolution
Data Fusion and Insights
Risk insights using
Drone & OS Imagery
17. In House Testing
2021
R&D
Roadmap
Drone & Aircraft (4 km)
2022
Serve Specific Regions on Request
Satellite (500km)
2024
Map the World every 7
days
Constellation
2027
Map the world every
3 Hours
Seed
3.5 M USD
Raised
Pre-Seed
350 K usd
Raised
18. Advisors
19
Prof. S. R.
Chakravarthy
Professor - IIT Madras
Dr. S.
Christopher
Govindhasam
y Karthik
Ajay
Gummalla
Ex- Chairman,
DRDO
Co-Founder &
CTO, Antaris Inc.
Ex-CTO - Planet
Labs
Director , Systems
Waymo
Dr Rao
Ramayanam
Sales Consultant