Wyvern Secures $6M Funding to Expand U.S. Hyperspectral Imaging Operations

Wyvern Secures $6M Funding to Expand U.S. Hyperspectral Imaging Operations
Wyvern, a Canadian hyperspectral imagery startup, has raised $6 million to enhance its presence in the U.S. commercial and defense markets. Led by Squadra Ventures, the funding will assist the Alberta-based company in accessing key defense programs. Wyvern has established an American subsidiary and aims to launch two additional satellites next year, increasing its data collection capacity. The company focuses on agriculture and forestry monitoring and plans to develop a next-gen system for capturing more wavelengths. Previous investors include Uncork Capital and Y Combinator.