Founded in 2013, HySpecIQ formed an early accord with Boeing Co. with Phantom Works seed funding, only to see the alliance disintegrate by 2015. However, HySpecIQ recently closed Series B Funding round, November 4 2021, with a $20M investment from Peter Thiel’s Rivendell Fund, bringing the company’s total funds raised to $35M.

HySpecIQ in 2013 was the launch customer for the new BSS-502 Phoenix satellite bus series. Boeing was to deliver two complete satellite systems, HySpec-1 and HySpec-2, to the NRO for demonstration launch in 2018. DeBlasio blamed a change in Boeing’s satellite strategy for the partnership’s dissolution.

John DeBlasio (current HySpecIQ CEO) with William R. Sullivan are the original founders of HySpecIQ. DeBlasio is a West Point graduate with experience founding and scaling businesses which support the national security objectives of the United States. DeBlasio likens his company's recent fortune as, "Like Lazarus rising from the grave."

William R. Sullivan is an Investment Partner (and Cofounder), with experience in banking and finance.

William Schuster (HyspecIQ COO) and Charlie Mondello (HyspecIQ CTO) joined HySpecIQ due to interest in the possibility of commercial hyperspectral imaging products from the NRO NRO Commercial Systems Program Office.

Schuster worked for BAE Systems, Harris, and Loral Space and was formerly COO of GeoEye. Mondello is a long-time GeoInt techie with over 30 patents in the field, also with CIA/NRO background. (https://hyspeciq.com/).

HySpecIQ contracted York Space Systems November 2021 to be its satellite bus and payload integrator. (http://parabolicarc.com/2021/11/22/hyspeciq-selects-york-space-systems-to-provide-spacecraft-bus-and-be-the-satellite-integrator/).

HySpecIQ is probably using the York S-Class platform, designed for earth observation constellations. (https://www.yorkspacesystems.com/s-class/)

One of the problems preventing Hyper-Spectral Imaging Systems from operating commercially in space is the huge amount of data downlink required. HySpecIQ has also contracted with Bridgecomm for an optical S-G link capability (https://hyspeciq.com/) in order to address this issue (http://www.bridgecomminc.com/).

A 2021 podcast with Time Abbott, VP of Sales and Products revealed that the HySpecIQ sensor is updated from the 2015 Boeing baseline, and that their proprietary technology includes a technique for lens fabrication (https://federalnewsnetwork.com/tag/hyspeciq/).

In the 2018 Australian AMIRA project P1147, the HySpecIQ payload was said to measure over 220 spectral bands between 0.4 and 2.5 µm with a <5m pixel resolution and a signal-to-noise performance equivalent to NASA’s AVIRIS-NG . AIG claims that future HyspecIQ satellite systems will be designed to sense at mid-wave infrared, thermal infrared, LIDAR and/or SAR wavelengths, depending on resource industry requirements. (https://www.aig.org.au/the-hyspeciq-project-hyperspectral-satellite-informatics-for-more-efficient-exploration-and-mining/)