HiSeis is a a seismic exploration technology company. Photo: HiSeis

Fleet Space Technologies has acquired HiSeis, a seismic exploration technology company. Fleet Space announced the acquisition on Wednesday, saying it will integrate HiSeis’ seismic solutions into its ExoSphere platform, which is used for mineral exploration.

This is Fleet Space’s first acquisition. Financial terms of the deal were not disclosed.

HiSeis is based in Perth, Western Australia. Its business focuses on hard rock seismic technology. The company’s active seismic technology works by sending seismic energy into the ground measuring the energy returned to the surface after bouncing off of geological features deep underground. HiSeis then uses processing tools to create a coherent image of the reflected energy to interpret the complexity of mineral deposits and assist with drill-targeting selection. 

Fleet Space said it will incorporate HiSeis data acquisition methods into its ExoSphere platform. Fleet Space currently uses patented sensors and a small satellite network and proprietary AI models to aid the discovery of critical minerals. 

Fleet Space CEO Flavia Tata Nardini commented that this combination will generate “exabytes of high-quality exploration data” that will lead for faster exploration for the mining industry. 

“With this acquisition, Fleet Space is poised to radically transform seismic imaging on a global scale. By integrating HiSeis’ innovative seismic solutions with ExoSphere  we will greatly expand scalability while further reducing the time and environmental impact associated with acquiring high-resolution active seismic data,” commented CTO and Product Officer, Dr. Hemant Chaurasia. 

This acquisition comes after Fleet Space raised $100 million in a Series D funding round at the end of 2024.