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Space Startup Wyvern Raises $4.5M And Joins Yc’s Latest Cohort

Jan 17, 2022•over 3 years ago

Amount Raised

$4.5 Million

Round Type

seed

Science And EngineeringSoftware

Description

A Canadian startup working at the cutting edge of satellite imaging has raised $4.5 million across a combination of a $2.25 million seed round, and $2.25 million from a combined pre-seed and government funding. Wyvern, which is working specifically on hyperspectral imaging (imaging that captures light across many different wavelengths, including non-visible ones) is also joining Y Combinator’s Winter 2022 cohort.

Company Information

Company

Wyvern

About

A Canadian startup working at the cutting edge of satellite imaging has raised $4.5 million across a combination of a $2.25 million seed round, and $2.25 million from a combined pre-seed and government funding. I’ve covered Wyvern in the past, including when the startup participated in incubator Creative Destruction Lab (CDL)’s academic conference-like demo day back in 2019. Since then, the startup has made some significant moves beyond just the funding, including growing to a total of 18 employees and bringing on aerospace industry veteran and former Airbus CTO Christine Tovee. Making hyperspectral imaging captured from space accessible to commercial customers could unlock major efficiencies in existing industries, including Wyvern’s first target, agriculture, but it’s also likely to open up opportunities for entirely new businesses and industries to emerge.