About Spexi
Spexi is a company based in Vancouver (Canada) founded in 2003. It operates as a Data-as-a-Service, and Pay-per-Use / Usage-Based. Spexi has raised $17 million across 2 funding rounds from investors including Dapper Labs, Protocol Labs and FJ Labs. Spexi offers products and services including Ultra-High Resolution Imagery and Spexi World Viewer. Spexi operates in a competitive market with competitors including Mapillary, Hivemapper, Pix4D, Clobotics and Propeller Aerobotics, among others.
- Headquarter Vancouver, Canada
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Sectors
Aerospace, Defense & MaritimeTechnology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17 M (USD)
in 2 rounds
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Latest Funding Round
$11.5 M (USD), Series A
Dec 05, 2024
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Investors
Dapper Labs
& 8 more
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Employee Count
Employee Count
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Products & Services of Spexi
Spexi offers a comprehensive portfolio of products and services, including Ultra-High Resolution Imagery and Spexi World Viewer. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-resolution drone imagery is provided for various industries.
Access to aerial imagery is enabled through this platform.
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Funding Insights of Spexi
Spexi has successfully raised a total of $17M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $11.5 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $11.5M
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First Round
First Round
(08 Mar 2024)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series A - Spexi | Valuation | Blockchange | |
| Mar, 2024 | Amount | Seed - Spexi | Valuation | Blockchange |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spexi
Spexi has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Dapper Labs, Protocol Labs and FJ Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Blockchange Ventures is focused on early-stage blockchain investments.
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location | |
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Alliance is recognized as a leading crypto startup accelerator.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spexi
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spexi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spexi Comparisons
Competitors of Spexi
Spexi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mapillary, Hivemapper, Pix4D, Clobotics and Propeller Aerobotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Street-level photos are crowdsourced and mapped by users worldwide.
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| domain | founded_year | HQ Location |
Real-time community-edited maps for drone navigation are provided.
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| domain | founded_year | HQ Location |
Cloud and AI-based photogrammetry software for drone mapping is provided.
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| domain | founded_year | HQ Location |
Drone data management and analysis solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
A cloud-based platform is developed for managing drone-gathered data.
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| domain | founded_year | HQ Location |
Aerial images are analyzed via AI for property data solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spexi
Frequently Asked Questions about Spexi
When was Spexi founded?
Spexi was founded in 2003 and raised its 1st funding round 21 years after it was founded.
Where is Spexi located?
Spexi is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of Spexi?
Bill Lakeland is the current CEO of Spexi.
Is Spexi a funded company?
Spexi is a funded company, having raised a total of $17M across 2 funding rounds to date. The company's 1st funding round was a Seed of $5.5M, raised on Mar 08, 2024.
What does Spexi do?
Aerial imagery with ultra-high resolution is delivered by Spexi through a global network of drone pilots. Coverage is provided across various sectors including government, insurance, spatial AI, and infrastructure. Solutions are offered for urban planning, disaster response, smart city applications, and immersive technologies like AR and VR. Standardized drone imagery is made available with up to 1 cm resolution, ensuring faster and more cost-efficient data compared to traditional satellite or fixed-wing options. Imagery access is facilitated through the Spexi World Viewer or integration with GIS tools.
Who are the top competitors of Spexi?
Spexi's top competitors include Pix4D, Mapillary and Propeller Aerobotics.
What products or services does Spexi offer?
Spexi offers Ultra-High Resolution Imagery and Spexi World Viewer.
Who are Spexi's investors?
Spexi has 9 investors. Key investors include Dapper Labs, Protocol Labs, FJ Labs, InDro Robotics, and Blockchange.
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