Esper ·3 March 2025·2 outlets
Esper raised $5 million to map minerals from orbit
Esper raised $5 million to expand its hyperspectral satellite work, which reads the chemical composition of the Earth's surface from orbit. Mining and exploration companies use the imagery to find critical mineral deposits, and the same data serves agriculture, environmental monitoring and archaeology.
We backed Esper because hyperspectral data is a powerful input for critical mineral exploration at a time when the world urgently needs new supply, and doing it from space makes the search far cheaper and broader than fieldwork alone. The team has shown a low-cost, capital-efficient path to orbit and is building toward a constellation rather than betting on a single satellite. Critical minerals are now a strategic priority for many governments and industries, and demand for this kind of intelligence is expanding fast.
- Company
- Esper, www.espersatellites.co
- First reported
- 3 March 2025
- Outlets
- Metal Tech News, SmartCompany
Who covered it
- Hyperspectral satellite startup raises $5MMetal Tech News, 12 March 2025
- Esper raises $5m to track critical minerals, ancient ruins from spaceSmartCompany, 3 March 2025
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