Pixxel, a space data company, has raised $36 million in a Series B funding round to accelerate the work on hyperspectral earth-imaging technology.
The funding round attracted investment from new partners Google and existing investors Radical Ventures, Lightspeed, Blume Ventures, growX, Sparta, and Athera. The startup has raised a total of $71 million in funding.
The new funds will advance Pixxel’s mission to build the world’s first and highest-resolution hyperspectral satellite constellation, delivering actionable climate insights on a planetary scale. Moreover, the funding will further develop Aurora, Pixxel’s AI-powered analytics platform, making hyperspectral analysis accessible to everyone.
Pixxel intends to launch six satellites in 2024 and an additional 18 satellites by 2025, solidifying its position as an industry leader.
Our journey to the stars just got a $36M boost! We're over the moon to announce that @PixxelSpace has secured $36M in Series B funding! 🚀 A big thank you to @Google, @lightspeedvp, @radicalvcfund, and others for believing in our vision of transforming the way we see our planet! pic.twitter.com/oTUOySe06F
— Awais Ahmed (@awaisahmedna) June 1, 2023
What is Pxixel?
Pixxel is an India-based space data company, building a constellation of hyperspectral earth imaging satellites and advanced analytics tools to extract valuable insights from Earth’s data. The constellation will offer comprehensive global coverage every 24 hours, enabling the detection, monitoring, and prediction of global phenomena.
Pixxel’s hyperspectral satellites can capture images at hundreds of wavelengths in the electromagnetic spectrum, uncovering crucial insights 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‘s satellites are set to play a pivotal role in assisting global organizations in monitoring crucial environmental factors such as emissions, water pollution, gas leaks, oil spills, soil composition, forest biodiversity, and crop health.
Co-founded in 2019 by Awais Ahmed and Kshitij Khandelwal, the space data startup aims to build a health monitor for the planet by 2024. “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.
