HySpex
- Company typePrivate
- Founded1985
- HeadquartersOslo, Norway
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
HySpex firmographics
Firmographics- Name
- HySpex
- Legal name
- Norsk Elektro Optikk AS
- Website
- https://hyspex.com
- Company type
- Private
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Where HySpex is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices3 records
Markets served
HySpex business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Hyperspectral Camera Hardware: Sale of high-performance hyperspectral cameras including Classic, Mjolnir, and Baldur product lines. Cameras are offered as standalone units or as part of turnkey solutions including software, accessories, and integration support.
- Processing Software: Sale of processing software including Prediktera Software Suite, ATCOR 4 for airborne remote sensing, PARGE image rectification, and HySpex Bifrost.
- Turnkey Solutions: Ready-to-deploy hyperspectral systems including cameras, software, navigation systems, data acquisition units, and accessories for end-to-end imaging workflows. Custom solutions tailored to specific customer requirements.
- Professional Services: Technical support, training, boresight calibration services, and integration consulting for airborne, UAV, and field applications.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quotation-based pricing |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels6 records
HySpex product offering
Product offeringCore offering
HySpex designs and manufactures high-performance pushbroom hyperspectral imaging cameras and integrated turnkey systems covering VNIR (400-1000nm), SWIR (1000-2500nm), and eSWIR (950-2500nm) spectral ranges. Products are organized into three camera sub-brands (Classic, Mjolnir, Baldur) with complementary processing software, accessories, and complete airborne, field, and UAV deployment solutions for industrial, scientific, defense, and space applications.
Product overview
HySpex offers a comprehensive portfolio of hyperspectral imaging systems and solutions. The product line includes three camera sub-brands: HySpex Classic (application-generic cameras for flexible deployment including VNIR-1800, VNIR-3000 N, SWIR-384, SWIR-640, and VS-1200); HySpex Mjolnir (compact UAV-optimized cameras including V-1240, S-620, VS-620, and OEM versions); and HySpex Baldur (industrial Nyquist cameras including V-1024 N, S-640i N, and S-384 N). Supporting software includes Prediktera Software Suite, ATCOR 4, PARGE Image Rectification, and HySpex Bifrost. Turnkey solutions cover Airborne, Field, and UAV deployment configurations with integrated accessories. The company is also developing the HyperNOR S-1280 spaceborne instrument for ESA and the HyperSense hyperspectral LiDAR research project. Founded in 1985, HySpex is a division of Norsk Elektro Optikk (NEO) with offices in Oslo, Clinton (US), and Berlin.
Differentiator
Problem solved
Functional benefit
Brands
- HySpex Classic: Application-generic hyperspectral cameras designed for wide range of platforms with sharp optics and minimal optical distortions.
- HySpex Mjolnir
- HySpex Baldur
- Prediktera
Products and services
- HySpex Classic Cameras Application-generic hyperspectral cameras designed for use on wide range of platforms. Feature sharp optics minimizing smile and keystone distortions to 10% of a pixel, with optimized spatial and spectral resolution. Includes VNIR-1800, VNIR-3000 N, SWIR-384, SWIR-640, and VS-1200 models.
- HySpex Mjolnir Cameras Compact, lightweight hyperspectral cameras specifically designed for UAV use, developed from optical architecture funded by Norwegian and French Ministry of Defense. Includes V-1240, S-620, VS-620, and OEM models. Self-contained module integrating camera, onboard computer, and navigation system.
- HySpex Baldur Cameras Industrial hyperspectral cameras designed to be fast, flexible, robust and repeatable. Nyquist cameras with spectral resolution of approximately 2 spectral bands while capturing 4 times as much light as classic systems. Includes V-1024 N, S-640i N, and S-384 N models.
- Prediktera Software Suite Integrated ecosystem for data acquisition, processing, and classification that bridges HySpex hardware and machine learning for industrial applications including food quality inspection and analytical workflows.
- ATCOR 4 Atmospheric and topographic correction software for airborne remote sensing systems. Enables accurate reflectance data from aerial hyperspectral acquisitions.
- PARGE Image Rectification Image rectification software for geometric correction of hyperspectral imagery. Essential for accurate georeferencing and orthorectification.
- HySpex Bifrost Processing software for hyperspectral data handling and analysis, part of the HySpex Processing Software portfolio.
- Airborne Turnkey Solutions Complete airborne hyperspectral systems integrating cameras with position/attitude logging systems (IMU/GPS), dedicated software, touch screen interface, and rack computers. Options for customized lightweight computers for smaller aircraft.
- Field Turnkey Solutions Portable field scanning solutions with tripod and rotation stage. Cameras and rotation stages powered through acquisition computer batteries. Multiple tripod and pan/tilt options combined with rotation stages for full spectral range acquisition.
- UAV Turnkey Solutions Complete UAV hyperspectral imaging systems integrating Mjolnir cameras with PicoITX i7 onboard computer and Applanix APX-15 UAV navigation system. Self-contained module operationally independent of UAV platform.
Quantifiable outcome
- Direct georeferencing accuracy of 9mm in X and Y direction after rectification
- +2 more outcomes
Companies that use HySpex
Customer profileNamed customers3 records
Segments6 records
Ideal customer profiles4 records
HySpex technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature6 records
HySpex partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, flagship and minor.
- European Defence Agency (EDA) - Hyper-IP ProjectcoreEDA Hyper-IP project officially kicked off January 2025. NEO responsible for designing and constructing hyperspectral camera for satellite deployment demonstrated on airborne platform. Collaboration includes Royal Military Academy, INO, IMEC, Leonardo S.p.A. Design phase Q2 2025 to Q2 2026.
- European Research Council (ERC)coreERC grant of 2.7M€ to senior researcher Mikkel Brydegaard for HyperSense project (2025-2031). Six-year project to develop four compact hyperspectral LiDAR prototypes providing real-time, full-waveform LiDAR data in hundreds of spectral bands from 200nm to 2600nm.
- European Space Agency (ESA)coreNEO has signed contract with ESA for HyperNOR S-1280, the first spaceborne instrument in the HySpex HyperNOR family. Realized under ESA's General Support Technology Programme (GSTP) with support from Norwegian Space Agency (NOSA). Enables complete payload development from Qualification Model to Flight Model, culminating in launch as In-Orbit Demonstrator in Q1 2028.
- SceyeflagshipAerospace company specializing in High-Altitude Platform Systems (HAPS). Successfully completed full diurnal flight in stratosphere with two HySpex hyperspectral imagers aboard. Demonstrated capability for long-duration flights powered by solar energy from stratosphere.
- European Space Agency (ESA) - InCubed ProgramcoreESA InCubed project for hyperspectral satellite camera development specifically for satellite-based methane detection. Advanced imaging system for enhanced global monitoring of methane emissions from space, building on existing HySpex SWIR camera technology.
- PredikteracoreFollowing acquisition, HySpex Processing software provides users with functionality through software tailored for many different uses. Prediktera Software Suite integrated for data acquisition, processing, and classification bridging hardware and machine learning.
- BlackSquareminorCertified multi-rotor UAV provider. Hercules X8 drone certified for HySpex Mjolnir integration with complete turnkey solution. 12kg payload capacity, under 25kg MTOW with Mjolnir and gimbal.
- Flying CamminorCertified unmanned helicopter drone provider integrated with HySpex Mjolnir hyperspectral imaging system.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
HySpex competitors and assessment
Company assessmentDirect peers
- Specim Spectral Imaging: Finnish manufacturer of pushbroom and snapshot hyperspectral cameras covering VNIR, SWIR, and MWIR/LWIR ranges. Specim is the most direct competitor to HySpex in industrial, airborne, and research hyperspectral imaging with comparable spectral ranges and OEM presence.
- NIREOS: Italian company producing interferometric hyperspectral cameras (HIROX, NICO) and broadband spectrometers covering visible to SWIR. NIREOS offers an alternative optical architecture and competes with HySpex in laboratory, industrial, and remote sensing applications.
- BaySpec: US manufacturer of hyperspectral imaging cameras, OEM spectral engines, and Raman/FT-IR spectrometers. BaySpec's hyperspectral products target biomedical, security, defense, and industrial inspection applications overlapping with HySpex's industrial and research segments.
- Resonon: US-based manufacturer of pushbroom hyperspectral imaging cameras and benchtop systems for remote sensing, precision agriculture, and industrial sorting. Resonon directly competes with HySpex in the VNIR and NIR airborne/UAV hyperspectral imaging space.
- Headwall Photonics: US-based manufacturer of hyperspectral imaging solutions for airborne, remote sensing, and industrial applications. Headwall offers VNIR and SWIR hyperspectral cameras and turnkey systems targeting defense, agriculture, and environmental monitoring, directly competing with HySpex's product portfolio.
Others
- Sceye: US-based aerospace company developing High-Altitude Platform Systems (HAPS) that demonstrated stratospheric flight with two HySpex hyperspectral imagers onboard. Sceye is a platform partner and customer (not competitor) that showcases HySpex sensors on next-generation stratospheric platforms.
- Applanix (Trimble): Canada-based provider of GNSS/IMU positioning and orientation systems used as a default navigation component in HySpex's UAV and airborne turnkey solutions. Applanix is a strategic technology partner (rather than competitor) whose APX-15/APX-20 modules ship with HySpex Mjolnir bundles.
Broad incumbents
- Corning Incorporated: US-based diversified technology and materials company with hyperspectral/optical sensing capabilities through prior acquisitions (FluxData/Halcon). Corning is a broad incumbent in photonics and optical materials with potential to expand into hyperspectral instruments, posing a large-scale competitor risk to specialized players like HySpex.
- Telops: Canadian manufacturer of thermal (MWIR/LWIR) hyperspectral cameras and infrared imaging systems primarily for defense, aerospace, and research. Telops is a broader incumbent with overlapping customers in defense and remote sensing, though its spectral range emphasis differs from HySpex's VNIR/SWIR focus.
- IMEC: Large Belgian R&D center with active hyperspectral imaging programs including snapshot and CMOS-integrated spectral sensors. IMEC is a broad R&D incumbent and technology enabler that overlaps with HySpex's innovation direction and competes for talent and EU research funding.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks2 records
Key highlights7 records
Customer concentration
HySpex social profiles
Digital presenceHySpex compliance and trust
Trust signalCompliance2 records
HySpex financial estimates
Financial estimateRevenue estimate
Valuation estimate
HySpex leadership team
Management profileNumber of profiles
Profiles6 records
HySpex subsidiaries and ownership
Company hierarchySubsidiaries2 records
HySpex funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HySpex M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HySpex
What does HySpex do?
HySpex designs and manufactures high-performance pushbroom hyperspectral imaging cameras and integrated turnkey systems covering VNIR (400-1000nm), SWIR (1000-2500nm), and eSWIR (950-2500nm) spectral ranges. Products are organized into three camera sub-brands (Classic, Mjolnir, Baldur) with complementary processing software, accessories, and complete airborne, field, and UAV deployment solutions for industrial, scientific, defense, and space applications.
Is HySpex a public or private company?
HySpex is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was HySpex founded?
HySpex was founded in 1985. It employs 11 to 50 people.
Where is HySpex based?
HySpex is headquartered in Oslo, Norway, in the Europe region.
How does HySpex make money?
Four revenue lines are on record. Hyperspectral Camera Hardware is the primary driver. The others are processing Software, turnkey Solutions and professional Services.
Who are HySpex's main competitors?
Direct peers on record are Specim Spectral Imaging, NIREOS, BaySpec, Resonon and Headwall Photonics. Others are Sceye and Applanix (Trimble). Broad incumbents are Corning Incorporated, Telops and IMEC.
Does HySpex have an API?
No public API is recorded for HySpex.