HySpex

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

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. Processing Software: Sale of processing software including Prediktera Software Suite, ATCOR 4 for airborne remote sensing, PARGE image rectification, and HySpex Bifrost.
3. 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.
4. Professional Services: Technical support, training, boresight calibration services, and integration consulting for airborne, UAV, and field applications.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core 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

Named customers3 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• European Defence Agency (EDA) - Hyper-IP ProjectcoreStrategic or Co-development Partner · 1 January 2025EDA 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)coreStrategic or Co-development Partner · 1 January 2025ERC 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)coreStrategic or Co-development Partner · 5 November 2024NEO 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.
• SceyeflagshipStrategic or Co-development Partner · 15 August 2024Aerospace 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 ProgramcoreStrategic or Co-development Partner · 1 January 2024ESA 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.
• PredikteracoreTechnology or Integration · 1 January 2024Following 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.
• BlackSquareminorStrategic or Co-development PartnerCertified 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 CamminorStrategic or Co-development PartnerCertified unmanned helicopter drone provider integrated with HySpex Mjolnir hyperspectral imaging system.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct 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

• Xx.com/hyspexneo
• YouTubeyoutube.com/user/HySpex
• Facebookfacebook.com/HySpexNEO
• LinkedInlinkedin.com/company/neo-hyspex
• Instagraminstagram.com/hyspex

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HySpex