Pixxel Partners with Korea to Provide Hyperspectral Satellite Data

Space technology startup Pixxel has signed an MOU with South Korea's SIIS Co to provide advanced hyperspectral satellite data in Korea.

The deal, made official during the Satellite Utilization Conference in Seoul last year, will allow Pixxel to deliver high-resolution imaging to various industries and institutions in the country. 

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SIIS plans to strengthen its position in the market by adding hyperspectral data to its existing optical and radar imagery services. SIIS CEO Kim Moon-Gyus emphasized that the collaboration will help expand their product offerings.

SIIS is a company in Korea that exports satellite imaging systems. They offer satellite images, a direct receiving system, and AI training data. This collaboration will allow them to provide hyperspectral data to companies and institutions in Korea. 

To improve its Earth observation capabilities, SIIS plans to launch an ultra-high-resolution satellite called SpaceEye-T in March 2025.

Commenting on Partnership

Kim Moon-Gyu, CEO, SIIS, said, “Through this collaboration with Pixxel, we will expand our offerings beyond optical and radar imagery to include hyperspectral data. We are committed to broadening the scope of satellite data applications and providing valuable insights to the Earth observation solutions market.”

Awais Ahmed, Founder and CEO of Pixxel, said, "This partnership with SIIS marks an exciting opportunity for us. Together, we aim to provide transformative insights that enable end-users across industries to tackle complex challenges. This collaboration reinforces our commitment to building a health monitor for the planet and advancing Earth observation solutions globally."

About Pixxel

Founded in 2018 by Ahmed and Kshitij Khandelwal, Pixxel is a Bengaluru-based company creating a constellation of hyperspectral Earth satellites to provide imaging services in sectors like agriculture, mining, and the environment.

With backing from major investors like Google, Radical Ventures, Accenture, Lightspeed, Blume Ventures, and growX, Pixxel has raised around $97.98 million so far.

In its Series B funding round last year, the company raised $60 million (approximately INR 203.48 crore), with new investors M&G Catalyst and Glade Brook Capital Partners joining existing supporters like Google and Lightspeed.

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