Metaspectral raises C$4.7m seed to launch cloud-based AI platform

Metaspectral is a Vancouver-based software company advancing computer vision using deep learning and hyperspectral imagery.

  • Metaspectral is the maker of Fusion, a cloud-based artificial intelligence platform that performs deep-learning analysis on hyperspectral imagery to identify materials and their invisible properties in real-time
  • The funds raised will be used by the company to scale its team and support continued development and refinement of the Fusion platform, which is set to publicly launch this fall
  • Clients includes the Canadian Space Agency and Defence Research Development Canada

Vancouver-based Metaspectral, a software company advancing computer vision using deep learning and hyperspectral imagery, has raised C$4.7 million in seed financing.

The investors included SOMA Capital, Acequia Capital, the Canadian government and several angel investors, including Jude Gomila and Alan Rutledge.

Metaspectral is the maker of Fusion, a cloud-based artificial intelligence platform that performs deep-learning analysis on hyperspectral imagery to identify materials and their invisible properties in real-time. The funds raised will be used by the company to scale its team and support continued development and refinement of the Fusion platform, which is set to publicly launch this fall.

The technology is also planned for deployment on the International Space Station to demonstrate real-time compression, streaming and analysis of hyperspectral data from Low Earth Orbit. The company’s client list includes the Canadian Space Agency and Defence Research Development Canada.

“The platform can visually detect defects on a manufacturing line, classify plastic polymers, quantify greenhouse gas levels on the Earth’s surface, and has countless other applications,” said Francis Doumet, Metaspectral CEO and co-founder, in a statement. “We have spent the last three years developing this technology and it is already being used in the aerospace, defense, agriculture, manufacturing, and other significant industries.”

“Metaspectral is perfectly positioned to service the diverse needs of both enterprise and government clients to inform better, more immediate decision-making. The team has a clear vision and we are excited to support this next stage of the company’s growth,” said Aneel Ranadive, managing director and founder of SOMA.