Pixxel Raises $36 Million in Series B Funding to Advance Hyperspectral Satellite Constellation and Data Platform

WHO

Pixxel, a leading space data company, has successfully raised $36 million in a Series B funding round to advance its mission of building a high-resolution hyperspectral satellite constellation. With notable investors such as Google, Radical Ventures, Lightspeed, Blume Ventures, growx, Sparta, and Athera, Pixxel aims to revolutionize the monitoring and protection of the planet's health.

WHAT

Pixxel's funding will accelerate the development of the world's first hyperspectral satellite constellation, designed to deliver actionable climate insights on a planetary scale. The funds will also support the enhancement of Aurora, Pixxel's AI-powered analytics platform, making hyperspectral analysis accessible to a wider audience.

The hyperspectral satellites developed by Pixxel capture images at hundreds of wavelengths in the electromagnetic spectrum, providing crucial data on emissions, water pollution, gas leaks, oil spills, soil composition, forest biodiversity, and crop health. This advanced technology offers up to 10 times more information than current multispectral satellites, significantly improving spectral resolution by 50 times.

WHY

Pixxel's mission aligns with the urgent need to monitor and protect the planet's health with precision. The funding received brings them closer to realizing their goal of creating a health monitor for the planet and empowering individuals worldwide to make informed decisions for collective well-being. The hyperspectral data collected by Pixxel's satellites will enable global organizations to monitor and mitigate environmental challenges effectively, ensuring compliance with national and global sustainability standards.

HOW IT WORKS

Pixxel's hyperspectral satellite constellation captures images at various wavelengths, which reveal essential information about the health of the planet. Leveraging advanced data analytics and artificial intelligence, Pixxel's Aurora platform extracts valuable insights from the vast amount of data collected. By analyzing these insights, organizations can gain a deeper understanding of global phenomena across agriculture, mining, environment, and energy use cases.

CUSTOMERS

Pixxel's hyperspectral satellite constellation and analytics platform cater to a wide range of customers, including governments, environmental agencies, research institutions, and industries such as agriculture, mining, and energy. These customers benefit from the enhanced capabilities of Pixxel's technology, which enables precise monitoring, prediction, and mitigation of environmental challenges.

FUNDING

Pixxel's successful Series B funding round has raised $36 million (bringing the total funding to-date to $71M), with investment from Google and existing investors such as Radical Ventures, Lightspeed, Blume Ventures, growx, Sparta, and Athera. The funding will drive the launch of six satellites in 2024 and an additional 18 satellites by 2025, expanding the hyperspectral satellite constellation's coverage and capabilities.

KEY TAKEAWAY

Pixxel's successful funding round marks a significant milestone in advancing the field of hyperspectral earth-imaging technology. With their high-resolution satellite constellation and AI-powered analytics platform, Pixxel aims to revolutionize climate insights and environmental monitoring on a global scale. The funding will enable Pixxel to expand its satellite constellation, enhance its data analytics capabilities, and bring actionable climate insights to organizations worldwide. As the demand for better ESG data monitoring and measurement increases, Pixxel's hyperspectral technology provides a valuable tool for organizations seeking to meet sustainability standards and contribute to a healthier planet.