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Spexi Secures $11M Series A for Drone Imaging Network

December 6, 2024 by Newsdesk

Vancouver-based Spexi has closed a US$11 million Series A funding round led by Blockchange Ventures to scale its drone-based imaging network. Spexi aims to replace traditional satellite and airplane imagery with ultra-high-resolution drone data, providing near real-time updates for emergency response, infrastructure inspections, and flood monitoring.

The company boasts 900 times the detail of satellites while maintaining near-zero emissions. CEO Bill Lakeland emphasized Spexi’s role in supporting critical services and advancing AI-powered applications globally. Over 50,000 drone missions across Spexi’s network have created the largest standardized high-resolution imagery base layer. Spexi’s blockchain-powered “Fly to Earn” system ensures data integrity.

Want to know more? Check out the source code on Techcouver.

    Filed Under: News Tagged With: Spexi

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