Wyvern

Wyvern is a space startup company located in Edmonton, Alberta in Canada. The company delivers Earth Observation imagery for the Defense, Agriculture, Mining and Forestry Industries using high-resolution hyperspectral satellites. Wyvern has planned the Dragonette constellation of 36 CubeSats providing imagery that are more useful than other simple-color satellite images, as the hyperspectral satellite can analyze a greater spectrum of light

Wyvern has three satellites, Dragonette-001, -002 and -003, operating in space, leased directly from satellite manufacturer AAC Clyde Space from Sweden, that was awarded a contract for 3 satellites into orbit in 2022. For 2024 the company booked space on a Loft Orbital satellite bus that will be launched to enable Wyvern to serve the growing demand for high-quality data. 

Company History

Wyvern was created on March 1^st 2018 by four University of Alberta graduates, Chris Robson (CEO), Callie Lessinna, Kristen Cote and Kurtis Broda. Passionate about space, satellites, and science, the young students saw the potential hyperspectral imaging had to change the way we view the Earth. After joining forces, the company has raised over 17.5 million USD, including venture capital and major grants, and has grown to have 31 full-time employees.

In January 2022 the company secured new funding of 2.25 million USD in a seed round led by MaC Venture Capital. There was an additional 2.25 million USD raised through earlier pre-seed funding and support from the Government of Canada. Soma Capital, Liquid 2 Ventures, Gaingels, Unpopular Ventures, and Matt Mickiewicz invested alongside lead MaC Venture Capital. 

In November 2022 Wyvern received another 7 million USD in funding ahead of deploying its first satellites in 2023. The seed round was led by Uncork Capital, bringing the company on a total financing of ~15 million USD to date. Previous investors MaC Venture Capital and Y Combinator also participated in this round.

On April 15^th, 2023 the company launched their first Earth Observation satellite, Dragonette-001, with the SpaceX Transporter-7 Rideshare Mission on a Falcon 9 rocket from the Vandenberg Space Force Base in California, USA. Dragonette-001 can capture data from 23 bands at a 5.3m pixel resolution, which enables the detection of subtle differences in the spectral signature of various materials.

On June 12^th 2023 Wyvern orbited their second 6U CubeSat, Dragonette-002, with the SpaceX Transporter-8 Rideshare Mission on a Falcon 9 rocket from the Vandenberg Space Force Base in California, USA.

On November 11^th, 2023 the company launched their third Earth Observation satellite, Dragonette-003, with the SpaceX Transporter-9 Rideshare Mission on a Falcon 9 rocket from the Vandenberg Space Force Base in California, USA.

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Resources

www.wyvernspace.net
www.wyvern.space
www.newspace.im
www.edmonton.ctvnews.ca  edition March 30^th, 2023
www.techcrunch.com  edition September 6^th, 2023
www.crunchbase.com
www.zoominfo.com
www.pitchbook.com
www.payloadspace.com  edition November 1^st, 2022
www.spacenews.com  edition November 1^st, 2022