Ibadan, 2 June 2023. – Pixxel has announced $36 Million in a Series B funding round with participation from new investors such as Google, along with existing investors Radical Ventures, Lightspeed, Blume Ventures, growX, Sparta, and Athera. 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. It will also help further the development of Aurora: Pixxel’s AI-powered analytics platform to make hyperspectral analysis accessible for everyone.
Data from Pixxel’s satellites will help global organizations closely monitor emissions, water pollution, gas leaks, oil spills, soil composition, forest biodiversity, and crop health in unprecedented detail and at faster speeds. Additionally, the new funds will bolster Pixxel’s plans to launch six satellites in 2024 and 18 other satellites by 2025.
Speaking on this, Awais Ahmed, co-founder and CEO of Pixxel, said, “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,” Ahmed also said, “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 aims to provide up to 10x more information compared to today’s multispectral satellites in space and increase the spectral resolution available by 50x.