Spacetech startup Pixxel raised $25 million in Series A funding led by Radical Ventures

August 30, 2022

Share via:

Spacetech startup Pixxel raised $25 million in Series A funding led by Canada-based Radical Ventures where Institutional investors such as Seraphim Space Investment, Blume Ventures, Lightspeed Partners, Sparta and Inventus Capital India, and angel investors like Jordan Noone also participated.

Pixxel is developing a high-resolution hyperspectral imaging satellite constellation in order to provide its clients with AI-powered insights that detect, solve, and predict climate issues in real time. Accenture Ventures, Accenture’s startup investment arm, made the investment, but the terms of the deal were not disclosed. According to a Tracxn report, funding in the sector will increase by 198.67% to $67.2 million in 2021 from $22.5 million in 2020.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

Meta launches no-cost EMI program for Indian Advertisers

Next News

Disney Star transfers TV rights to ZEE while retaining digital rights for ICC events

Sreejit Kumar

Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.