Belgium-based geospatial analytics startup Aerospacelab announced it has raised a 40M Euro (~$45.5M) Series B co-led by Airbus Ventures and XAnge. Octave & Miroslaw Klaba, SRIW, Noshaq, BNP Paribas Private Equity, Sambrinvest, and Belaero also participated in the round.
Aerospacelab 101: Founded in 2018, Aerospacelab is already no small operation, with two offices and 110+ full time employees. The business centers on geospatial intelligence, hosting a satellite platform that incorporates artificial intelligence and machine learning to fill in the gaps.
“Awareness is only the first step,” said Benoit Deper, Aerospacelab CEO and founder, during an address at today’s ESA Space Summit. “We need to gather a lot more data to move from awareness to actionable intelligence. We need more satellites and better satellites.”
In 2021, Aerospacelabs launched its first satellite and successfully demonstrated its remote sensing capabilities. Now, its focus is shifting to expanding its fleet, adding proprietary data to its analytics platform.
The vision: Now, the company is expanding its offerings by developing its own remote sensing satellites to supplement that geospatial intelligence data, lasering in on climate change applications. The goal is to gather data daily from the whole Earth’s surface, process that data, and provide timely insights to customers.
Production of multiple satellite constellations, designed and built in-house at Aerospacelab, is underway. This funding round will support the further development of those satellites.