Participated · Seed · Oct 2022

Spexi develops earth imagery technology using automated drone systems and autopilot software to capture standardized ultra-high-resolution aerial data. The company operates a blockchain-based "Fly to Earn" network that pays onboarded drone pilots to fly automated paths with sub-250g drones across 24-acre hexagonal plots. Its dataset is used to train AI models and supports applications including disaster preparedness, smart city planning, infrastructure inspection, resource monitoring, and gaming. Since closing its Seed round in late 2022, Spexi has expanded into Canada, the USA, the UK, and Mexico, imaging over 140 cities and capturing more than 1.2 million acres. The company intends to use the Series A funds to expand operations and development efforts. Bill Lakeland leads the company as CEO. Spexi, led by CEO Bill Lakeland and based in Vancouver, offers a software platform to plan autonomous drone flights, task drone pilots, and process aerial imagery into actionable and shareable insights using AI and computer vision. The company is building Spexigon, an aerial-imagery marketplace that lets operators earn rewards by collecting and uploading drone imagery; contributors are to be paid in dollars and a new cryptocurrency called $SPEXI. Spexi processes imagery to identify high-risk areas — for example, projects with the Canadian Federal Government are underway to image forests prone to wildfires and detect dry areas likely to ignite. The platform targets multiple use cases including building inspections for insurance underwriting, construction project management, infrastructure maintenance, surveying and mapping, urban planning, and real estate marketing. The company plans to use new funding to expand operations, accelerate development, and grow its business reach.