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Spacetech startup Pixxel snags additional $24 mn as part of Series B round

VCCircle · 3m

Space technology startup Pixxel has raised an additional $24 million as part of its Series B funding round, bringing the total funding in the round to $60 million. New investors include British firm M&G Catalyst and American growth equity-focused fund Glade Brook Capital Partners. Pixxel plans to use the funds to accelerate the development and launch of its constellation of 18 commercial hyperspectral satellites and improve its software offerings. The startup provides advanced tools for agriculture, oil and gas, mining, and environmental agencies to analyze geospatial composites of the Earth's surface in real-time.