Hyperspectral satellite startup Pixxel nabs $100M investment
Pixxel Space Technologies Inc., an India-based developer of Earth observation satellites, has raised $100 million in funding. Singapore’s Temasek wealth fund and space technology investor Seraphim led the Series C round. Pixxel stated in its announcement of the deal today that the two firms were joined by several other institutional investors. The company’s total outside […] The post…
India-based Pixxel Space Technologies Inc. has secured $100 million in funding, led by Singapore's Temasek wealth fund and space technology investor Seraphim. The Series C round brings the company's total outside funding to $192 million. Pixxel's hyperspectral imaging satellites detect the chemical composition of Earth's objects through unique optical signatures created by materials reflecting sunlight in different ways.
The company's Firefly constellation, equipped with more than 135 spectral bands, provides six times higher resolution compared to other alternatives. Pixel's satellites, weighing 110 pounds and orbiting 341 miles above the Earth, will be further enhanced with SWIR imaging and synthetic aperture radar in the upcoming Honeybee constellation.
The new funding will be used to develop the Honeybee constellation, which will offer additional capabilities like detecting urban planning information and improved cloud detection.
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