Hydrosat Raises $10 Million Seed Round to Assess Climate Change From Space

Funding led by OTB Ventures for thermal infrared satellite constellation

WASHINGTON (Hydrosat PR) — Hydrosat, the geospatial data and analytics company, announces a new Seed Round raising $10M to create its thermal infrared satellite constellation. Today’s funding brings Hydrosat’s total capital raised to over $15M. The oversubscribed venture round was led by OTB Ventures, a leading European venture firm with a dedicated space investment vehicle, OTB Space Program I. Freeflow Ventures, Cultivation Capital, Santa Barbara Venture Partners, and Expon Capital also participated in the round.

Hydrosat began as a satellite company monitoring the water cycle to rapidly detect environmental stress brought about by climate change. Recent climate disasters, ranging from drought on the West Coast to flash floods on the East Coast of the United States, illustrates the growing importance of this technology as the world’s major governments meet this month for the United Nations COP26 Climate Change Conference.

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Hydrosat Raises $5M to Take on Climate Change from Space

Funding Led by Cultivation Capital to Power First Space Mission

WASHINGTON (Hydrosat PR) — Hydrosat, a company creating an infrared satellite constellation, announced that it raised a $5 million seed round led by Cultivation Capital, bringing its total raised to date to over $10 million. The round was led by Cultivation Capital with participation by Freeflow Ventures, the Yield Lab, Expon Capital, Techstars, Industrious Ventures, and Synovia Capital.

Hydrosat is flying a multi-spectral and thermal infrared mission with Loft Orbital on a SpaceX Falcon 9 in 2022. The company plans to launch an additional 16-satellite constellation with the capacity to scan the entire globe on a daily basis, generating science quality infrared data and an analytics-ready land surface temperature product.

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Spire Global Raises $40 Million

SAN FRANCISCO, Sept. 25, 2019 (Spire Global PR) — Spire Global, the world’s largest earth observation constellation of satellites for advanced weather data, maritime analytics, and aircraft tracking, today announced over $40m in new funding from strategic partners including ITOCHU, Mitsui, and Scottish Investment Bank and financial investors led by the GPO Fund, Perennial Value Management Limited, and Bessemer Ventures. Existing investors RRE Capital, Expon Capital, Seraphim Capital and Qualcomm Ventures also participated, among others.

‘We are thrilled by the affirmation of these strategic relationships and how this capital infusion affords Spire continued validation from the strength of our respected financial investors. While we increasingly continue to fund our organic growth from revenue, this investment allows the company to also execute on its substantial path of international advancement,” said Spire CEO Peter Platzer. 

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