Pixxel, a cutting-edge hyperspectral earth-imaging technology company headquartered in El Segundo, California, and Bangalore, India, has successfully raised $36 million in its Series B funding round.
This latest funding round witnessed the participation of prominent new investors, including Google, alongside existing investors such as Radical Ventures, Lightspeed, Blume Ventures, growx, Sparta, and Athera.
The influx of capital will fuel Pixxel’s ambitious plans to launch six satellites in 2024, followed by an additional 18 satellites by 2025. By expanding its satellite constellation, Pixxel aims to provide unparalleled global coverage every 24 hours, enabling the detection, monitoring, and prediction of global phenomena across diverse sectors including agriculture, mining, environment, and energy.
Under the leadership of CEO Awais Ahmed, Pixxel is revolutionizing the space data industry by building a constellation of hyperspectral earth imaging satellites with the highest resolution available. This advanced technology, combined with analytical tools developed by the company, allows for in-depth data analysis and valuable insights. Pixxel’s satellite constellation will play a pivotal role in enabling organizations worldwide to closely monitor crucial factors such as emissions, water pollution, gas leaks, oil spills, soil composition, forest biodiversity, and crop health with remarkable detail and faster speeds.
Throughout its journey, Pixxel has collaborated with renowned organizations including the Indian Space Research Organization, NASA JPL, and SpaceX, establishing itself as a trusted player in the space industry.
By harnessing the power of innovative satellite technology and data analytics, Pixxel aims to drive advancements in earth imaging, empowering global organizations with the ability to make informed decisions, mitigate risks, and contribute to a more sustainable and resilient planet.