[Funding alert] Pixxel Secures $36 Mn in Series B Funding Led by Google, Others

Pixxel, a pioneer in cutting-edge hyperspectral imaging technology for the planet, has announced a $36 million Series B fundraising round with participation from current investors Radical Ventures, Lightspeed, Blume Ventures, growX, Sparta, and Athera as well as new investors like Google.

The additional funding will help Pixxel in its effort to develop the first and most advanced hyperspectral satellite constellation, which will provide global climate insights that can be put into practise. Additionally, it will advance Aurora: Pixxel’s AI-driven analytics platform’s development and make hyperspectral analysis more widely available.

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Pixxel’s satellite data will be essential in enabling international organisations to swiftly and in unprecedented detail monitor pollutants, water pollution, petrol leaks, oil spills, soil composition, forest biodiversity, and crop health. Additionally, Pixxel’s plans to launch 6 satellites in 2024 and another 18 satellites by 2025 will benefit from the additional funding.

“At Pixxel, we believe that the future of our planet lies in our ability to monitor and protect its health precisely. With this round of funding, we are even closer now to realizing our mission of building a health monitor for the planet, and empowering people around the world to make informed decisions about our collective well-being,” said Awais Ahmed, co-founder and CEO of Pixxel. “We’re incredibly grateful to our world-class investors for their unwavering support and belief in our vision and are excited to work together to create a meaningful positive impact on the future of our planet.”

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.

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As the need for better ESG data monitoring and measurement becomes critical, Pixxel’s capabilities will help organizations comply with national and global sustainability standards.

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 and new investors join existing backers like Lightspeed, Radical Ventures, Accenture Ventures, Relativity’s Jordan Noone, Seraphim Capital, Ryan Johnson, Blume Ventures, Sparta LLC, grow^X Ventures, Athera Venture Partners, Omnivore VC among others.

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About Pixxel

A firm called Pixxel is developing a constellation of hyperspectral earth imaging satellites as well as the analytical software needed to glean valuable information from the data they collect. With the aim of identifying, tracking, and forecasting global occurrences, the constellation is built to provide 24-hour worldwide coverage.

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