Spexi, a Vancouver, Canada-based software company powering aerial imagery collection using drones, announced that it closed a $5.5 million seed round.
The round was led by Blockchange Ventures, with participation from Protocol Labs, founders of the Filecoin protocol; InDro Robotics; Alliance DAO; FJ Labs; Dapper Labs; Adam Jackson; Vinny Lingham; CyLon Ventures; and Fort Capital.
The funding round will be used to realize Spexi’s vision of imaging the Earth in ultra-high resolution at scale so that organizations and governments at all levels can dramatically improve their planning, execution, and decision-making capabilities.
With its latest round of funding, Spexi will dramatically change this model by combining Web2 & Web3 technologies to create Spexigon, the world’s first Fly-to-Earn drone imagery platform powered by crypto and built on the Flow blockchain.
“When we started Spexi in 2017 our original goal was to use drones to image large areas of the Earth, but the technology, regulations, and market were not ready,” said Bill Lakeland, CEO of Spexi. “Today, with big improvements in each of those areas, and with the addition of blockchain technology, we’re pushing forward in achieving our original goal. The Spexigon platform we’re building will in time collect large amounts of data as originally intended, and lead to a host of new use cases for high resolution drone-based imagery. It’s our hope that with greater access to imagery of this type, decision making in the public and private sector can vastly improve to everyone’s benefit.”
The Spexi team already has projects with the Canadian Federal Government to image forests in areas prone to wildfires.
Company: Spexi Geospatial Inc.
Round: Seed Round
Funding Month: October 2022
Lead Investors: Blockchange Ventures
Additional Investors: Protocol Labs, founders of the Filecoin protocol; InDro Robotics; Alliance DAO; FJ Labs; Dapper Labs; Adam Jackson; Vinny Lingham; CyLon Ventures; and Fort Capital
Company Website: https://spexigon.com/
Software Category: Geospatial Data
About the Company: Founded in 2017, Spexi is a software platform that enables organizations to easily plan autonomous drone flights, task drone pilots, and process aerial imagery to create actionable and shareable insights about our planet. It empowers drone hobbyists and professionals alike to unlock the power of drone technology and help deliver aerial intelligence at scale. Spexi began as a SaaS platform that enables organizations to easily plan autonomous drone flights, task drone pilots, and process aerial imagery to create actionable and sharable insights about the planet. Its goal is to remove friction from the process by collecting high-resolution aerial imagery in advance of demand and making it easily available online.
Source: Spexi Press Release