Pixxel, a provider of cutting-edge earth-imaging technology, announced a $25 million Series A led by Radical Ventures, a Toronto-based firm known for investing in entrepreneurs that use artificial intelligence to transform massive industries.
Additional participation in Pixxel’s Series A comes from Jordan Noone, Seraphim Space Investment Trust Plc, Lightspeed Partners, Blume Ventures, and Sparta LLC. The new funding enables Pixxel to expedite production of the world’s highest resolution hyperspectral satellite constellation and to offer industry AI-powered insights that discover, solve, and predict climate issues at a fraction of traditional satellite costs.
“We’re excited to welcome these new investors as we work to address one of the most pressing issues facing our planet,” said Pixxel CEO and co-founder Awais Ahmed. “We’re committed to providing a critical tool in the fight against climate change, helping researchers and on-the-ground responders detect and develop effective strategies to combat imminent environmental threats. This funding will not only assist us with this goal but will help us improve our software capabilities so that organizations of all sizes can access and understand this data.”
Pixxel is launching the first of its hyperspectral satellites as part of SpaceX’s upcoming April Transporter-4 mission. These earth-imaging microsatellites have 50x higher resolution than existing multispectral counterparts and unlike drone or land-based multispectral sensors, Pixxel will be able to capture data at global scale. Traditional satellite images collect data in the visible light spectrum, limiting the end use cases; hyperspectral imaging collects data across 40x more wavelengths and can be used for a myriad of applications such as monitoring methane emissions, quantifying carbon sequestration, and monitoring disease outbreaks across cropland.
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