Pixxel raises $100M Series C led by Temasek and Seraphim to build Honeybee satellites

Pixxel/Firefly constellation

Pixxel raised $100 million, taking its total to $195 million since its 2019 founding. The money funds 12 Honeybee satellites over three years, starting in 2027, with shortwave infrared and room for radar and very-high-resolution optical sensors, plus a larger US workforce and a possible US factory. About 25 satellites are in development for customers and its own fleet.

• New investors 360 ONE and IMM Investment; Radical Ventures and growX returned.
• NRO contracts since 2023, with more awards in May 2026.
• Picked in January 2026 to lead India's first private Earth observation constellation.
• Customers are mostly government users today.