Wyvern, an Edmonton, Canada-based space data company, raised USD$7M in funding.
The round was led by Uncork Capital, with participation from MaC Venture Capital, and Y Combinator.
With the new capital, Wyvern’s first three satellites are fully funded, providing certainty to customers with an interest in purchasing the limited remaining capacity. The latest raise comes in addition to USD $8M of funding secured in two prior investment rounds.
Led by CEO Chris Robson, Wyvern leverages unfolding camera technology to make hyperspectral imagery from satellites a reality, unloges in a combination of visible and non-visible wavelengths to form 3D data blocks. These information-rich blocks reveal unique insights into an area of interest, making it possible to proactively monitor for vegetation stress, methane levels, pipeline leaks and invasive species. The resulting insights will create value and efficiencies for industries including agriculture, forestry, environmental and emissions monitoring, energy, and defense.
FinSMEs
02/11/2022