Hyperspectral imagery startup Wyvern looks to raise US presence with $6M raise

Here’s a summary based on the provided information about Wyvern, a Canadian remote sensing startup:

Startup Details:

• Name: Wyvern
• Founded: Approximately 6 years ago
• Y Combinator Cohort: Winter 2022
• Focus: Hyperspectral imagery for commercial and defense markets

Funding Round:

• Amount Raised: $6 million
• Funding Series: Undisclosed (early-stage round)

Key Dates:

• Funding Date: Recently (specific date not provided)

Investors:

1. Lead Investor: Squadra Ventures
2. Previous Investors:
   • Uncork Capital
   • Y Combinator
3. New Investors:
   • University of Alberta Innovation Fund
   • Accelerate Fund III
   • Brent Perrot

Founders:

• Co-founders:
  • Kurtis Broda
  • Kristen Cote

Additional Information:

• Technology: Wyvern utilizes hyperspectral imaging for various applications, including agriculture and forestry monitoring.
• Current Development: Expansion into U.S. commercial and defense markets, with plans to launch additional satellites and improve data capacity.

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2024-10-17 14:00:00