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XDLINX Space Labs Set to Empower Nations' space capabilities with their Innovative Technology with the recent seed funding of $7 million

Business

XDLINX Space Labs Set to Empower Nations' space capabilities with their Innovative Technology with the recent seed funding of $7 million
Business

Business

XDLINX Space Labs Set to Empower Nations' space capabilities with their Innovative Technology with the recent seed funding of $7 million

2024-10-14 15:46 Last Updated At:16:05

The company aims at accelerating development of ready to launch satellite platforms for Global Space Missions

HYDERABAD, India, Oct. 14, 2024 /PRNewswire/ -- XDLINX Space Labs, a prominent Indian space-tech player, is transforming the global space industry through its ready to launch satellite platforms. The company offers spacecraft Platforms and Payload technology for Commercial and Defence ISR Space Missions. They offer full-stack ISR capabilities, with both optical and signal intelligence. With a revolutionary vision of empowering every Nation to build their Space Heritage and their sovereign space capabilities, they have recently raised $7 million in seed funding to accelerate the manufacturing of next-generation payloads. The funding round was led by Ashish Kacholia of Lucky Investments with additional backing from E2MC, Mana Ventures,and a prominent family office.

Founded in 2022 in Hyderabad, XDLINX Space Labs began with a bold vision to redefine space missions and make innovative satellite technology accessible to a broader range of clients. The company's first major milestone came with the successful launch of JANUS-1, a software-defined 6U Nanosat to demonstrate multi-tenancy payload capabilities, developed in a record time of just 10 months and launched aboard ISRO's SSLV-D2 rocket on February 10, 2023 which brought down the cost and time to space significantly,compared to other traditional satellite.

Rupesh Gandupalli,CEO & Co-Founder, XDLINX Space Labs said,"We are thrilled and excited to accelerate the manufacturing of next-generation payloads for defence and commercial missions like E-band communications,Optical and RF intelligence to building space heritage, operationalization of satellite bus platforms and expand our global presence. We envision a future where space becomes more accessible by building cost-effective satellites using 75% indigenous subsystems. We look forward to contributing in India's growing role in global space race."

The company is currently preparing for the launch of its next major project, Elevation-1, which will feature the world's first miniaturized space-grade E-band payload, developed and scheduled to launch aboard SpaceX's Transporter-12 mission. Elevation-1 is the first commercial mission designed to demonstrate E-band communications with digital modulation, and company owning a defined long-term roadmap of achieving data rates exceeding 10 Gbps.

Additionally, XDLINX Space Labs is developing the 150KG class satellite hosting Synthetic Aperture Radar (SAR) and Multi-Spectral optical sensors together using XDSAT-M600 platform for its customer scheduled to be launched in Q3-2025. The company is in final discussions with their customers building and launching a sub-meter multi-spectral imagery satellite constellation and has also signed MOUs with leading space companies globally, laying the groundwork for continued collaboration and development.

About XDLINX Space Labs

XDLINX Space Labs is an end-to-end small satellite mission-as-a-service provider for complete mission requirements- from design, supply chain ,build, integration, and space qualify to mission operations. The company offers spacecraft Platforms and Payload technology for Global Commercial and Defence ISR Space Missions, focusing on helping various nations build their Sovereign space capabilities, offer a full stack ISR capabilities both optical and signal intelligence. XDLINX offers fully configured satellites with payloads for Global Intelligence,Surveillance and Reconnaissance (ISR) missions. The company has successfully launched over 400 satellites in their past work tenure.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

XDLINX Space Labs Set to Empower Nations' space capabilities with their Innovative Technology with the recent seed funding of $7 million

XDLINX Space Labs Set to Empower Nations' space capabilities with their Innovative Technology with the recent seed funding of $7 million

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OMD AGAIN NAMED BEST PERFORMING GLOBAL MEDIA NETWORK

2024-11-08 19:00 Last Updated At:19:15

Omnicom Media Group Agency Takes Top Slot in RECMA Diagnostics Report for Eighth Consecutive Edition, Reinforcing Its Lead in the Marketplace
"OMD confirms its leadership, far ahead of its direct competitors"

NEW YORK, Nov. 8, 2024 /PRNewswire/ -- In the latest edition of the highly regarded Network Diagnostics report from RECMA (Research Company Evaluating the Media Agency Industry), Omnicom Media Group agency OMD Worldwide has been named the best performing global media network overall, marking the eight consecutive edition in which OMD had topped the Diagnostics report. 

The bi-annual RECMA Diagnostics report is based on the evaluation of 686 agencies in 45 markets. Utilizing 19 KPIs to evaluate vitality and structure, the report offers an assessment index that goes beyond typical quantitative metrics such as new business wins or billings volume alone to also consider criteria such as client portfolio and relationship stability; digital, data & content resources; and homogeneity across geographies. Participating agencies are ranked both numerically by "quali-points" and by the following profiles: Dominant, High Profile, Very Good Profile, Good Profile and Average Profile.

In addition to earning the top ranking, OMD has widened the gap between its score and the second ranked agency to almost twice the spread between the second and eighth ranked agencies.

Noting that OMD is the only agency among the 2021 top five to have increased its quali-share over the three-year period covered in the report – while it's direct competitors have decreased - RECMA reiterates its declarations from the October 2023 and March 2024 diagnostic reports, saying "OMD has no direct competitor today" among global media agency networks, describing the network as "one strong leader" ahead of the agencies tied for second place and "a tight 7-agency pack."  Continuing that theme, RECMA describes OMD's latest showing as "confirming its leadership, far ahead of its direct competitors."

Breaking down the KPIs, OMD earned #1 rankings for competitiveness in new business pitches; digital, data & content resources; client profile; and network homogeneity across geographies.  Ranked #1 overall in EMEA and North America, OMD also earned "Dominant" rankings in nine local markets – the most of any network – including Australia, Germany, Greece, Italy, New Zealand, Peru, Singapore, Turkey and the UK.

Distilling the data into a succinct take-away, RECMA concludes that "OMD is currently an unchallenged leader." 

Commenting on another record-breaking showing, OMD Worldwide CEO George Manas says, "We've entered a new era of agency/client relationships in which the bar has been raised from transactional to transformational - and by that, I mean we must be partners in accelerating our clients' business ambitions.   As these results demonstrate, OMD – powered by the Omni open operating system and enabled by OMG's Agency as a Platform model that connects media, content, and commerce - has the talent, tools, and technology to cross this higher bar, collaborating with our clients to co-create solutions that unlock growth and secure lasting competitive advantage." 

The RECMA Network Diagnostics Report marks the latest in a streak of wins and accolades for OMD over the past year, including winning the $600 million media AOR assignment for Gap Inc.; earning Media Network of the Year honors at Cannes; being named Global Media Network of the Year  by leading advertising trade publication Campaign; topping RECMA's May 2024 Competitiveness in Pitches report; securing the highest ranking of any individual global media agency network on the Effie Index; and earning its seventh  consecutive #1 ranking in the COMvergence 2023 Billings Report published in July 2024.

About OMD

OMD, an Omnicom Media Group agency, is the world's largest media agency network with more than 12,000 people working in over 100 countries.

Omnicom Media Group is the media services division of leading global marketing communications company Omnicom (NYSE: OMC).

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

OMD AGAIN NAMED BEST PERFORMING GLOBAL MEDIA NETWORK

OMD AGAIN NAMED BEST PERFORMING GLOBAL MEDIA NETWORK

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