Matter Intelligence, a Los Angeles, CA-based remote sensing startup, raised $12M in Seed funding.
The round was led by Lowercarbon Capital, with participation from Toyota Ventures, Pear, Mark Cuban, and E2MC.
The company intends to use the funds to accelerate the development of its sensing infrastructure.
Led by CEO Vishnu Sridhar, Matter Intelligence provides sensors that use hyperspectral imaging, a method that captures thousands of narrow spectral bands of light to distinguish unique material properties. This allows it to detect and classify objects and materials that are invisible to traditional optical, radar, or multispectral sensors. Matter’s sensors, designed for deployment on satellites, drones, and aircraft, will offer the world’s first sub-meter hyperspectral and thermal satellite capability.
The startup’s first satellite, EARTH-1, will create the first global encyclopedia of Earth’s material composition, imaging the entire globe with more than 500 times the information density of today’s existing sensors.
FinSMEs
30/10/2024