Hyperspectral Satellite Developer Pixxel Raises $24M

Pixxel, a space technology company building high-resolution hyperspectral satellites, closed $24 million in additional funding as part of its Series B round. The financing will enable Pixxel to accelerate the development and launch of its entire planned constellation of 18 commercial hyperspectral satellites. It will also support the growth of the company’s software offerings, including its AI-driven Earth Observation platform, Aurora, enabling seamless analysis and actionable insights for diverse applications from hyperspectral data.

Pixxel’s hyperspectral satellites are designed to capture data across 250+ spectral bands at 5 m spatial resolution, spectrally fingerprinting the earth and delivering details invisible to conventional imaging methods. Additionally, the funds will drive Pixxel’s plans to expand its satellite manufacturing capacity, scale its operations for upcoming missions, and enhance its capability to provide a full spectrum of satellite manufacturing services — from small satellites to advanced imaging payloads for other organizations and governments.

The company's upcoming Fireflies constellation of 6 commercial-grade hyperspectral satellites, set for launch in early 2025, will provide enhanced global coverage with native 5 m resolution, a 40 km-wide swath, and daily revisit frequency anywhere on the planet. The technology has applications in agriculture, climate monitoring, resource management, mining, environmental protection, energy, urban planning, and more.

The investment brings the company's total Series B funding to $60 million, and the raised total across all rounds to $95 million.