On January 17, 2022, Wyvern announced it has raised $4.5 million across a combination of a $2.25 million seed round, and $2.25 million from a combined pre-seed and government funding. With this funding, Wyvern is set to launch its first satellites to orbit this year and plan on making hyperspectral imaging captured from space accessible to commercial customers.
Wyvern is a Canadian start-up working at the cutting edge of satellite imaging that works specifically on hyperspectral imaging.
Osler, Hoskin & Harcourt LLP advised Wyvern with a team consisting of Chad Bayne, Ryan Unruch and Janice To (Emerging & High Growth Companies).