Accenture Invests in Hyperspectral Satellite tv for pc Firm Pixxel to Monitor Earth’s Well being
NEW YORK and BANGALORE, India; Aug. 30, 2022 – Accenture (NYSE: ACN) has made a strategic funding, by means of Accenture Ventures, in Pixxel, a pacesetter in cutting-edge earth imaging know-how. Based mostly in Bangalore with a presence in Los Angeles, Pixxel is constructing the world’s highest decision hyperspectral imaging satellite tv for pc constellation in an effort to provide trade AI-powered insights that uncover, clear up, and predict local weather points at a fraction of the price of conventional satellites.
Pixxel’s satellites can seize photos at a whole lot of wavelengths within the electromagnetic spectrum and reveal key information in regards to the well being of our planet that’s invisible to different satellites. The corporate’s deliberate constellation of hyperspectral satellites will reshape how companies throughout agriculture, protection, mining, environmental, and different vital industries make choices on a world degree to cut back their environmental affect. The information from Pixxel’s satellites offers 8x extra info and 50x higher decision than current in-market choices.
“We proceed to take nice curiosity in startups throughout the burgeoning house trade, which some have forecasted will attain $1 trillion in income by the yr 2040[1], and Pixxel is a very thrilling firm sitting on the intersection of house know-how and sustainability,” stated Tom Lounibos, managing director, Accenture Ventures. “Think about with the ability to predict a famine earlier than a crop infestation takes over or cease an oil spill earlier than it endangers delicate oceanic biospheres. Pixxel’s hyperspectral imaging know-how has the potential to do exactly that, and in doing so, may assist scientists deal with a number of the world’s most urgent challenges to our Earth.”
Pixxel’s first business part satellites are scheduled to be launched in early 2023 together with the business sale of its information. With six satellites flown in a sun-synchronous orbit (SSO) round a 550 km altitude, Pixxel’s hyperspectral constellation will have the ability to cowl any level on the globe each 48 hours. With much more satellites scheduled to launch in late 2023, Pixxel will obtain day by day international protection by early 2024. The learnings from the information beamed down by this constellation will present a world scale perspective of planetary-scale ecosystems and biospheres that can be used to create an AI-informed evaluation platform and a digital twin of the earth.
“Our funding in Pixxel displays our ongoing and energetic engagement with the promising startup ecosystem in India and extra such engagements are key for creating options that drive actual world affect,” stated Mahesh Zurale, senior managing director, lead – Superior Expertise Facilities in India, Accenture. “With so many points of our day by day lives being more and more impacted by local weather and sustainability points, we imagine Pixxel’s Earth Well being Monitoring can play a vital position by enabling international organizations to detect probably damaging occasions early on and assist forestall them.”
Pixxel is the most recent firm to hitch Accenture Ventures’ Project Spotlight, an engagement and funding program centered on investing in firms that create or apply disruptive enterprise applied sciences. Along with funding, Venture Highlight connects rising know-how software program startups with the International 2000 to fill strategic innovation gaps, and gives intensive entry to Accenture’s area experience and enterprise purchasers, serving to startups harness human creativity and ship on the promise of their know-how.
“We’re excited to hitch Accenture’s Venture Highlight and collaborate with Accenture’s innovation labs, enterprise and trade consultants, and highly effective purchasers and ecosystem companions throughout aerospace, science, know-how and sustainability,” stated Pixxel CEO and co-founder Awais Ahmed. “Accenture’s international attain and help will assist speed up our formidable mission to create a well being monitor for the Earth and leverage our know-how to handle a number of the most urgent points dealing with our planet.”
Accenture’s funding in Pixxel follows a $25 million Sequence A funding spherical the corporate introduced in March 2022 and the launch of their first satellite tv for pc as a part of SpaceX’s April Transporter-4 payload. Thus far, greater than 50 prospects have signed pre-launch agreements with Pixxel from industries spanning agriculture, oil and fuel, mining, and local weather sectors.
Phrases of the funding weren’t disclosed.
About Accenture
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About Pixxel
Pixxel is constructing a well being monitor for the planet by constructing and launching the world’s highest decision hyperspectral imaging satellites. Co-founded by then 20 yr olds Awais Ahmed and Kshitij Khandelwal in 2019, Pixxel has labored with notable organizations such because the Indian House Analysis Group, NASA JPL, and SpaceX amongst house stalwarts. Pixxel is backed by Lightspeed, Radical Ventures, Relativity’s Jordan Noone, Seraphim Capital, Ryan Johnson, Blume Ventures, Sparta LLC, growX ventures, Inventus Capital, and Omnivore VC amongst others. For extra info go to www.pixxel.space or observe Pixxel on Twitter and LinkedIn.
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Contacts:
Christian Harper
Accenture
+1 917 452 4417
christian.harper@accenture.com
John O’Brien
Pixxel
Pixxel@strangebrewstrategies.com
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