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

The Infosys Innovation Fund, the IT firm’s startup investment initiative, will invest in equity and Series A compulsory convertible preference shares.

The cash investment will involve Infosys picking up a minority stake, less than 20%, as part of the series A round to pick up equity and compulsory convertible preference shares.