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.
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.
LUXEMBOURG CITY (Luxembourg Space Agency PR) — The arrival of Made In Space, Hydrosat and CubeRover further widens the spectrum of activates of the Luxembourg business-oriented space ecosystem and reinforces the Luxembourg space capabilities.