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Spexi Secures $11.5M Series A to Expand Ultra-High-Resolution Drone Imagery Network

Miriam McNabb

Transforming Earth Imagery for Emergency Response, AI, and Emerging Technologies

Spexi, a Vancouver-based technology company, has announced the completion of its $11.5 million USD Series A funding round, led by Blockchange Ventures. This milestone will support Spexi’s goal of building a scalable global network of drone pilots to deliver standardized, ultra-high-resolution imagery for public and private sector applications. The company’s operations emphasize sustainability, operating with near-zero emissions.

Addressing Limitations of Traditional Imagery

Traditional Earth imagery, captured via airplanes and satellites, presents challenges such as high costs, low resolution, infrequent updates, and a significant environmental impact. Spexi’s drone-based approach offers 900 times the detail of satellite imagery at a fraction of the cost, making it a game-changer for sectors requiring near real-time data.

Spexi CEO Bill Lakeland highlights the broad impact of the company’s solution:
“With our ability to scale rapidly and deliver superior data with near zero emissions, I am proud that we are not only supporting essential government and emergency response services at a fraction of the usual cost, but also driving the future of AI and metaverse powered technologies across industries globally.”

A Blockchain-Driven Model for Image Integrity

Since its founding in 2017, Spexi has relied on a blockchain-based “Fly to Earn” network. This system incentivizes drone pilots to collect precise, ultra-high-resolution imagery using Spexi’s autopilot software. Participants complete automated flight missions over standardized 24-acre plots, using lightweight drones equipped with safety systems to prevent collisions.

Ken Seiff, Managing Partner of Blockchange Ventures, explains the innovation behind Spexi’s model:
“The widespread ownership of drones and their high resolution cameras was bound to obsolete the massive existing market for expensive, low resolution, satellite imagery. Spexi has defined a new category of business by pairing better and cheaper drone imagery with the blockchain’s ability to ensure image integrity. Spexi is not simply replacing existing satellite imaging use cases, but opening entirely new markets in geospatial, insurance, AI, public safety, government, gaming, and more.”

Expanding Operations Across Four Countries

Since its Seed Round in late 2022, Spexi has scaled rapidly, imaging over 140 cities and 1.2 million acres in Canada, the USA, Mexico, and the UK. Over the past six months alone, its network has conducted more than 50,000 drone missions, creating the largest base layer of standardized, ultra-high-resolution drone imagery to date.

The dataset produced by Spexi is invaluable for applications ranging from disaster preparedness to urban planning. Bill Lakeland emphasizes the value for first responders: “As extreme weather events become increasingly more frequent, we take pride in supporting those on the frontlines in keeping people safe at a significantly lower cost. It’s deeply rewarding to leverage our pilot network to aid first responders in their life-saving efforts.”

Driving AI and Emerging Technologies

Spexi’s imagery also plays a critical role in training AI systems. High-resolution data leads to more accurate models, enabling smarter urban planning, environmental monitoring, and other advanced applications. The company is poised to serve industries such as insurance, government, and gaming, alongside emerging technologies like AI and the metaverse.

Spexi’s Impact by the Numbers

Spexi’s innovations are transforming Earth imagery, creating opportunities across diverse industries while reducing environmental impact. For more information, visit Spexi’s website.

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