HyperSpectral Wins 2024 Technical.ly Award for “Money Move of the Year” in Washington, DC
HyperSpectral Earns Top Recognition for Securing a Transformative Capital Raise and Inspiring the DC Innovation Community
ALEXANDRIA, VA (November 25, 2024) – HyperSpectral, the world’s first AI-powered spectral intelligence company with hardware-agnostic solutions for particle detection, has been named the DC winner of the 2024 Technical.ly Award for “Money Move of the Year” for its successful $8.5 million Series A funding round.
“We’re thrilled to be recognized as a disruptor and innovator in the DMV region,” said Matt Theurer, co-founder and CEO of HyperSpectral. “This award is a reflection of our team’s dedication and the support from our investors and partners. We’re happy to share this honor with them.”
The Technical.ly Awards celebrate trailblazing leaders, groundbreaking companies and technology products shaping the future of communities in Baltimore, Delaware, Philadelphia, Pittsburgh and Washington, D.C. The “Money Move of the Year” award highlights the financial transaction that has had the most influence on the local innovation community.
HyperSpectral’s $8.5 million Series A funding, secured in June 2024, marked a pivotal moment for the company and the Washington D.C. innovation ecosystem. Led by RRE Ventures with participation from Kibo Ventures, Correlation Ventures and GC&H Investments, this first round of funding enabled HyperSpectral to accelerate product development, hire key talent, and advance its mission to protect people from invisible threats across industries, including food safety, defense and medical technology. The company’s SpecAI™ technology combines spectroscopy and AI to non-intrusively detect pathogens and other invisible threats by analyzing the unique spectral fingerprint of different particles.
About HyperSpectral
Based in Alexandria, VA, HyperSpectral seeks to combine spectroscopy, AI and machine learning to illuminate invisible threats. HyperSpectral is actively working to provide the defense industry and agricultural and medical technology sectors with real-time intelligence on product safety and protect people from invisible threats. For more information, visit https://www.hyperspectral.ai/.
Media Contact:
Kent Holland
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