Wyvern Brings Business Intelligence to New Markets Using Compact Satellites

Wyvern raises USD $4.5M and enters Y Combinator, paving the way for access to affordable hyperspectral imagery from space

EDMONTON, Alberta, January 17, 2022 (Wyvern PR) — Wyvern, a space data company making hyperspectral imagery accessible and affordable, announced today its acceptance into the Y Combinator accelerator after closing an oversubscribed USD $2.25M seed round led by MaC Venture Capital, with an additional USD $2.25M raised through earlier pre-seed funding and support from the Government of Canada. Soma Capital, Liquid 2 Ventures, Gaingels, Unpopular Ventures, and Matt Mickiewicz invested alongside lead MaC Venture Capital.

The world has been waiting for hyperspectral imaging to become commercially accessible. An advanced spectral imaging technique that collects hundreds of images at different wavelengths to form 3D data blocks, hyperspectral imaging has the power to detect incredible details invisible to conventional imaging standards.

(more…)

Astranis Raise $250 Million Series C Financing Round

Astranis engineers load their small communications satellite into a thermal-vacuum shroud. (Credit: Astranis)

SAN FRANCISCO (Astranis PR)–Astranis, the company building the next generation of telecommunication satellites, today announced a $250 million Series C financing round, valuing the company at $1.4 billion.

(more…)