Amid the rapid growth of the artificial intelligence industry, microchip manufacturers are reaching new heights. Taiwan Semiconductor Manufacturing Co (TSMC) reported on Monday revenues of 467.58 billion New Taiwan Dollars ($14.5 billion USD) for July, which is 44.7% higher compared to the same period last year.
TSMC produces chips for major technology clients such as Google and NVIDIA, so its financial performance reflects demand in the broader technology world.
In the big tech sphere, Meta aims to compete with leading laboratories like OpenAI and Anthropic by openly distributing its AI models and launching new ones designed for consumer devices. As reported by Reuters, CEO Mark Zuckerberg called for reducing American barriers to open AI to better counter Chinese competitors.
Parallel to the intensifying race for dominance in the AI field within the technology sector, some cybersecurity specialists are working on protecting privacy for the general public. An example is the company noRecognition, which promises to help people avoid AI-based surveillance. According to a TechCrunch article, founder Bill Swearingen developed computer-generated 'adversarial' patterns that, when printed on clothing, can disrupt detection algorithms used by surveillance systems.
This newsletter discusses various topics. Among them is the acquisition of the space technology startup GalaxEye by StarOps to integrate a larger volume of the satellite development process under unified management. This acquisition includes GalaxEye's team for spacecraft design, satellite bus platforms, and proprietary subsystem technologies from StarOps, based in Bengaluru, into GalaxEye, which develops Earth observation (EO) satellites using its OptoSAR technology.
Info Edge, the parent company of the job portal Naukri and real estate portal 99acres, recorded a 43% increase in net profit in the first quarter of fiscal year 27, while revenue increased by 11.4%. Info Edge reported consolidated net profit of 490 crore rupees for the first quarter of fiscal year 27, compared to 343 crore rupees registered during the same period a year earlier.
According to Tracxn, Indian space technology startups involved in developing launch vehicles, satellite manufacturing, propulsion systems, space situational awareness systems, Earth observation, and low-level analytics have attracted approximately $871 million. These funds were raised across 241 funding rounds involving 285 companies as of July 2026.
This figure demonstrates rapid industry growth compared to 2021, when the total amount raised was only $43 million across 12 rounds. Over sixty percent of the capital raised was directed into ten most funded startups, led by Skyroot Aerospace, which secured $150 million.
The development of India's private space sector has been stimulated by policy reforms that have facilitated investment attraction and allowed the country to create its first space technology unicorn and develop its own launch vehicle privately.
On July 18, 2026, Skyroot's Vikram-1 rocket reached low Earth orbit at an altitude of 450 kilometers, successfully deploying four payloads. These included demonstration technologies from Grahaa Space, Cosmoserve, DCubed, and Skyroot's own SCOPE satellite. This achievement made India the third country, after the USA and China, capable of privately developing orbital launch vehicles.
This launch highlights the pace of development across the entire ecosystem: India conducted its first private orbital launch six years after opening the sector to private participation in 2020. Skyroot plans another test flight at the end of 2026 before commencing commercial launches in 2027.
Funding has significantly increased: from $43 million in 12 rounds in 2021 to a record $200 million in 53 rounds in 2025, with funding in 2026 maintaining strong momentum as of now. Five companies—Skyroot Aerospace ($50 million Series C), Digantara ($50 million Series B), EtherealX ($21 million Series A), Bellatrix Aerospace ($20 million Series A), and AgniKul Cosmos ($17 million Series C)—collectively contributed $158 million, exceeding half of the capital raised in 2025 and 2026.
Seed funding volume increased from $7 million in 2022 to $62 million in 2025. Furthermore, late-stage rounds appeared for the first time, reaching $17 million in 2025 and $53 million as of now in 2026. Investors have expanded their base to include not only domestic venture capital funds and business angels but also sovereign wealth funds and global institutional investors.
The ten leading companies by funding volume have collectively attracted over $548 million. The leader is Skyroot Aerospace with $150 million. Significant amounts have also been raised by Pixxel ($96 million), AgniKul Cosmos ($76 million), Digantara ($67 million), and Bellatrix Aerospace ($34 million). Skyroot became India's first space technology unicorn after a $50 million Series C round in May 2026, while Pixxel, AgniKul Cosmos, and Digantara have also attracted substantial funding.
Bengaluru leads with $495 million raised across 106 rounds. Hyderabad follows with $205 million, and Chennai with $80 million. These three cities together account for the majority of equity financing gathered by the Indian private space technology ecosystem.
