Pixxel, a company specializing in hyperspectral earth-imaging technology, has raised $36 million in a Series B funding round. The funding round included participation from new investors such as Google, as well as existing investors Radical Ventures, Lightspeed, Blume Ventures, growx, Sparta, and Athera. The funds will be used to advance Pixxel’s mission to build the world’s first and highest-resolution hyperspectral satellite constellation, which will deliver actionable climate insights on a planetary scale. The data from Pixxel’s satellites will be critical in helping global organizations closely monitor emissions, water pollution, gas leaks, oil spills, soil composition, forest biodiversity, and crop health in unprecedented detail and at faster speeds. The new funds will also help further the development of Aurora: Pixxel’s AI-powered analytics platform to make hyperspectral analysis accessible for everyone. Pixxel’s hyperspectral satellites can capture images at hundreds of wavelengths in the electromagnetic spectrum and reveal key data about the health of the planet. The hyperspectral constellation and advanced data analytics platform will provide up to 10x more information compared to today’s multispectral satellites in space and increase the spectral resolution available by 50x. Pixxel has seen a landmark year of growth, launching three pathfinder missions into orbit and growing its customer base by 5x. Recently, the company announced a 5-year contract with the NRO Commercial Systems Program Office (CSPO) for the Strategic Commercial Enhancements for Commercial Hyperspectral Capabilities program. Pixxel’s venture funding now totals $71 million.
