Accelerate Fund III has invested $6 million USD in Wyvern, a Canadian company specializing in high-resolution hyperspectral imagery, to enhance its market presence and technological capabilities.

Target Information

Wyvern is an innovative space data company located in Edmonton, Canada, specializing in high-resolution commercial hyperspectral imagery. Recently, it secured a $6 million USD seed extension round, led by Squadra Ventures, to enhance its capabilities and market penetration.

This investment will empower Wyvern to establish a stronger presence not only in the U.S. market but also internationally. Their advanced hyperspectral imagery is critical for businesses and governments aiming for sustainable practices and efficient resource management.

Industry Overview

The hyperspectral imaging industry in Canada is experiencing robust growth, driven by rising demand across sectors such as forestry, agriculture, energy, defen