Esper builds hyperspectral imaging satellites and accompanying proprietary software to read and interpret spectral imagery. The company keeps hardware costs low by using off-the-shelf components and consumer-level electronics, relying on software to ensure data accuracy. Its first demonstration satellite, part of a mission called Over the Rainbow, launched on SpaceX’s Transporter-10 to validate a spectrometer system and software. Esper has traction with prospective customers in the mining sector and disaster-response firms and has engaged U.S. government agencies through Techstars connections. The company was founded in early 2021 by Shoaib Iqbal and Joey Lorenczak in Melbourne. Esper plans a second demonstrator with ISRO later this spring and aims to begin commercial payload launches by late next year or early 2026, targeting an 18-satellite constellation for daily revisit by 2028.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2024