New Funding Round for HyperSpectral AI Company
HyperSpectral, an AI-powered spectral intelligence company based in Alexandria, VA, has recently secured $8.5 million in Series A funding. The funding round was led by RRE Ventures and Kibo Ventures, with participation from Correlation Ventures and GC&H Investments.
The company plans to use the funds to further develop their technology, hire key talent, and expand their AI datasets through collaborations with labs. HyperSpectral aims to leverage spectroscopy, AI, and machine learning to detect and identify particle signatures. Their focus is on providing real-time intelligence on product safety for agricultural and medical technology companies, as well as protecting individuals from unseen threats.
The leadership team at HyperSpectral includes Co-Founder and CEO Matt Theurer, Chief Medical Officer Dr. Adam Saltman, Chief Science Officer Erik Avaniss-Aghajani, Co-Founder and Chief Operating Officer Lauren Stack, Chief Information Officer Vince Lubsey, and Chief Product Officer Dr. Simi George.
This funding round signifies a significant milestone for HyperSpectral as they continue to innovate in the field of spectral intelligence.
Date: 05/06/2024