PE Fund Investments
Spacetech startup Pixxel attracts capital from Canada's Radical Ventures, others
Pixxel, a Bangalore-based earth-imaging technology startup, has raised $25 million in Series A funding led by Radical Ventures, a Toronto, Canada-based investment firm. Jordan Noone, Seraphim Space Investment, Lightspeed Partners, Blume Ventures, Sparta LLC and Inventus Capital India participated in the round. Pixxel is launching the first of its hyperspectral satellites as a part of SpaceX's upcoming April Transporter-4 mission. These earth-imaging microsatellites have 50x higher resolution than existing multispectral counterparts and unlike drone or land-based multispectral sensors, Pixxel will be able to capture data at global scale. The new funding will enable Pixxel to expedite production of the world's highest resolution hyperspectral satellite constellation and to offer industry AI-powered insights that discover, solve, and predict climate issues at a fraction of traditional satellite costs.
From the Venture Intelligence PE-VC Deal Database: Between Mat-19 and Mar-21, Pixxel had raised over USD 35 M from Inventus India, Growx Ventures, Omnivore Partners, Blume Ventures, Lightspeed Ventures, Others,
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