- Companies
- Vexcel Imaging
Vexcel Imaging Acquisition, Valuation, Funding & Investors
Vexcel Imaging was acquired by CoStar Group for $730M in October 2026, a 5.2x multiple on $140M of revenue.
Vexcel Imaging revenue at acquisition
$140M
Last twelve months · Oct 2026
Vexcel Imaging revenue multiple at acquisition
5.2x
EV/Revenue · Oct 2026
Vexcel Imaging EBITDA multiple at acquisition
26.1x
EV/EBITDA · Oct 2026
About Vexcel Imaging
Vexcel Imaging is a Graz, Austria-headquartered specialist in photogrammetric systems and remote sensing technologies. Its UltraCam aerial camera series debuted in 2003, complemented by UltraMap software for producing orthophotos, high-density point clouds, and digital surface models. Acquired by Microsoft in 2006 to bolster Bing Maps, the company resumed independent operations as a private entity advancing mapping solutions for governments and enterprises since 1992.
Founded
1992
HQ
Website
Status
Acquired
Customer focus
B2B & B2G
Revenue model
Product sales, Subscription
Revenue
$140M (Oct 2026)
Valuation
$730M (acquired Oct 2026)
Vexcel Imaging Acquisition
Vexcel Imaging was acquired by CoStar Group for $730M on 27 October 2026.
The acquisition price implies a 5.2x revenue and 26.1x EBITDA multiple on $140M of revenue.
Before the acquisition Vexcel Imaging had raised $8M across 1 funding round.
CoStar Group entered into a definitive agreement on 27 October 2026 to acquire Vexcel, the operator of one of the world's largest survey-grade, high-resolution aerial imagery programs, for approximately USD 730 million in cash. Closing is expected in the first quarter of 2027, subject to customary and regulatory approvals. CoStar said the acquisition will power richer search and discovery across its platforms with tens of billions of new AI-derived data fields. Vexcel generated more than USD 140 million of revenue over the last twelve months, up more than 30%. Its imagery covers more than 45 countries, 320 major global metros and 99.6% of the US population, and it captures more than 60 million images a year. Vexcel, based in Graz, Austria, designs the UltraCam aerial camera line and the UltraMap photogrammetry software and sells imagery data licensed to large technology companies. The business was founded in 1992, was owned by Microsoft from 2006, and became independent again in 2016 through a buyout by its principals, after which private equity and strategic investors backed its growth. Data now accounts for roughly two thirds of its revenue and hardware about one third.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 27 Oct 2026 | Strategic M&A | $730M | 5.2x | 26.1x |
Sources: linkedin.com, businesswire.com, tradingview.com, app.dealroom.co, citybiz.co, vexceldata.com, costargroup.com, bizjournals.com, seekingalpha.com
Vexcel Imaging Funding History
Vexcel Imaging has raised a total of $8M across 1 funding round.
Vexcel Imaging funding rounds
| Date | Stage | Raised | Deal Summary |
|---|---|---|---|
| Oct 2019 | Series C | $8M | Vexcel Holdings, Inc. completed a $7.5M funding round on October 1, 2019. |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialVexcel Imaging Competitors
Vexcel Imaging competitors include listed companies like Lectra, Smarter Microelectronics, Addnode Group and Mensch und Maschine, and private ones like Flow Engineering and VA Corporation.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $568M | $89M | $734M | 1.5x | ||
| Private | - | - | $750M | - | ||
| Private | - | - | $670M | - | ||
| Publicly listed | $121M | ($31M) | $836M | 6.5x | ||
| Publicly listed | $590M | $108M | $850M | 1.8x | ||
| Publicly listed | $268M | $66M | $620M | 2.4x |
Vexcel Imaging Public Comps
Vexcel Imaging is no longer listed, but its public comps include Lectra, ZUKEN, Smarter Microelectronics, Mensch und Maschine, Addnode Group, Forward Industries, Gstarsoft, Fukui Computer Group, Materialise and Nagarro.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $568M | $89M | 1.5x | 1.5x | 9.5x | 9.5x | |||
| $272M | $50M | 1.6x | 1.6x | 8.7x | - | |||
| $121M | ($31M) | 6.3x | 6.5x | (24.8x) | (25.7x) | |||
| $268M | $66M | 2.5x | 2.4x | 10.2x | 9.3x | |||
| $590M | $108M | 1.9x | 1.8x | 10.4x | 10.1x | |||
| $18M | ($169M) | 29.7x | 9.2x | (3.2x) | 31.4x | |||
| $50M | $7M | 4.7x | 4.8x | 32.2x | - | |||
| $105M | $44M | 2.5x | 2.4x | 5.8x | - | |||
This data is available for Pro users. Sign up to see all Vexcel Imaging competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Vexcel Imaging
| When was Vexcel Imaging founded? | Vexcel Imaging was founded in 1992. |
| Where is Vexcel Imaging headquartered? | Vexcel Imaging is headquartered in Graz, Austria. |
| Is Vexcel Imaging publicly listed? | No, Vexcel Imaging was acquired by CoStar Group in October 2026. |
| Who acquired Vexcel Imaging? | Vexcel Imaging was acquired by CoStar Group in October 2026. |
| How much was Vexcel Imaging acquired for? | Vexcel Imaging was acquired for $730M in October 2026, a 5.2x revenue multiple. |
| How much funding has Vexcel Imaging raised? | Vexcel Imaging has raised $8M across 1 funding round. |
| What was Vexcel Imaging's last funding round? | Vexcel Imaging's last funding round was a $8M Series C in October 2019. |
| Which companies are comparable to Vexcel Imaging? | Companies comparable to Vexcel Imaging include Lectra, Flow Engineering, VA Corporation, Smarter Microelectronics, Addnode Group and Mensch und Maschine. |
See companies similar to Vexcel Imaging
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




