Google-backed spacetech startup Pixxel raised additional $24 M Series B funding
Along with its current backers, which include Google, Radical Ventures, Lightspeed, and others, spacetech startup Pixxel announced that it has closed $24 million in additional funding as part of its Series B round from new investors M&G Catalyst and Glade Brook Capital Partners.
The startup, which is based in California and Bengaluru, had previously raised $36 million in June of last year for the first tranche of its Series B round. With this, Pixxel has now raised $95 million in total from all funding rounds.
In addition to expanding its AI-driven Earth Observation platform, Aurora, for analysis and actionable insights, the funds will assist Pixxel in expediting the launch of its 18 commercial hyperspectral satellites.
In order to better understand and distinguish anything on Earth, Pixxel, a company founded by Awais Ahmed and Kshitij Khandelwal, is creating hyperspectral imagery satellites that capture a spectrum of light split into hundreds of narrow spectral bands.
In order to spectrally fingerprint the Earth and provide details that are not visible to traditional imaging techniques, Pixxel claims that its hyperspectral satellites are built to collect data across more than 250 spectral bands at a 5-meter spatial resolution.
Applications for Pixxel’s technology include agriculture, resource management, mining, climate monitoring, energy, urban planning, environmental protection, and more. It gives businesses the vital intelligence they need to make well-informed, data-driven decisions.
The first hyperspectral images from Pixxel’s satellites were released in February of this year. These images captured exquisite details of the land and water features of places like the Granny Smith Gold Mine (Australia), the Saloum River Delta (Senegal), the Palm Islands (Dubai), the Krishna River Delta (India), and Brockman (Australia).
The company recently received the National Aeronautics and Space Administration’s (NASA) largest supplier deal for an Indian company.
