The round was led by venture capital firm Outlander VC. The announcement follows on the heels of its January $1.7 million pre-Seed round, which culminated in their first successful capsule drop test within an accelerated six-month timeline. The new funds will be used to commercialize its next-gen reentry architecture, bolster overseas operations, and expand its global customer acquisition capabilities. The round also had participation from: Arka Venture Labs, Lex Reddy, KDX Management LLC, Together Fund, Higher Life Ventures, Nivesha Ventures, Prana Tech Ventures, Bria, HF0 Residency, and Techstars.

Catalyx is re-imagining space access, building autonomous labs with re-entry capabilities. Founded by Rifath Shaarook, Clinton D Antony, Keerthan Chand Aluvala, and Saqib Hussain, Catalyx's stack spans reentry and recovery systems, lightweight spacecraft buses, ground-station software, and a non-canisterized deployment standard for smallsats. Catalyx serves innovators, researchers, and enterprises across key industries, including defense, advanced manufacturing, and biopharma, enabling customers to test, build, and iterate in microgravity environments faster and more affordably.