Canada-based Wyvern Space is receiving a CDN$4 million investment from Sustainable Development Technology Canada (SDTC) as part of a three-year project studying how to reduce domestic agriculture emissions.
Launched in 2018, Wyvern, a Canadian space data company, is developing unfolding camera technology to make high-resolution hyperspectral imagery from satellites accessible and affordable. Hyperspectral imaging has the ability to detect details that are invisible to conventional imaging standards, and can be leveraged for agriculture, forestry, energy, defence, as well as environmental and emissions monitoring.
In January, Wyvern revealed that it raised USD$4.5 million through its pre-seed and seed funding rounds.
The funding from the SDTC will help Wyvern launch their DragonEye satellite. Wyvern’s proprietary deployable optics technology is key to their ability to deliver affordable high resolution hyperspectral imagery, including 1m VNIR and 5m SWIR, in the coming years. DragonEye will be Wyvern’s first satellite equipped with this innovative technology that unfolds a telescope in space, similar to the James Webb telescope launched in late 2021.
Wyvern’s new capital is tied to a three-year project that includes commitments from xarvio Digital Farming Solutions (a BASF Digital Farming GmbH brand), Olds College, SkyWatch, Metaspectral, and Wild + Pine as consortium partners.
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