EO
Stories about the Earth Observation industry’s eyes on our planet.
ESA Gets Nearly 17% Funding Boost
‘Twas a busy time in Paris last week. The European Space Agency announced a new cohort of astronauts and announced a budget of €16.9B for the next three years. The sum falls short of the €18.5B requested by the agency, but still represents a 17% increase over the prior period. Lots of 17s last week: …
Exclusive: SynMax Raises $6M
SynMax, a satellite data analytics startup specializing in oil, gas and dark ship monitoring, has raised a $6M seed round from a group of existing customers. Bill Perkins, an energy trader and cofounder of SkyFi, and GeoSol Capital LLC participated in the round. What’s the name of the game for SynMax? The Houston startup is…
Lockheed Martin and Nvidia Partner on Weather Digital Twin for NOAA
Lockheed Martin and Nvidia are joining forces to develop a global weather digital twin for the National Oceanic and Atmospheric Administration (NOAA), the two companies announced Thursday. The AI-driven earth observation system will help NOAA monitor and increase global weather conditions, including extreme events increasing in frequency. Digital twin, you say? Digital twins are virtual…
Deutsche Bank Initiates Coverage of $PL and $BKSY
Deutsche Bank has initiated coverage on Planet ($PL) with a $7 price target and BlackSky ($BKSY) with a $3 target, issuing buy ratings on both companies, according to a note seen by Payload. Why EO? Space technology is a difficult and capital-intensive endeavor, which raises red flags for risk-averse investors (and especially when frothy markets…
Trade Groups; Industry Look Ahead to Space Council Sessions
Trade groups are urging the White House to use a “light touch” to regulate new orbital sectors, ahead of companies making their own appeals later this month. Mike French, VP for space systems at the Aerospace Industries Association, said AIA is working with members to help shape the process by which industry receives authorization for…
Exclusive: Wyvern Raises $7M in New Funding
Wyvern has raised $7M in a seed plus round led by Uncork Capital, bringing the hyperspectral startup’s total financing to ~$15M to date. Previous investors MaC Venture Capital and Y Combinator also participated in this round. MaC led Wyvern’s seed round in October 2021; Wyvern also recently graduated from YC’s W22 batch. The Edmonton, Canada…
NRO Awards Space-Based Radio Frequency Contracts
Commercial radio frequency (RF) sensing companies are opening their doors to the NRO in hopes of winning future data procurement contracts. Driving the news: The National Reconnaissance Office awarded six study contracts to Aurora Insight, HawkEye 360, Kleos Space, PredaSAR, Spire Global ($SPIR), and Umbra Lab. Bringing in industry These contracts are part of an…
Planet, Microsoft, and Nature Conservancy Launch Renewable Energy “Atlas”
What do you get when Planet, Microsoft, and the Nature Conservancy walk into a bar? Probably some pretty wonky and in-the-weeds convos, but also, the potential for a productive collab. To that end, the three organizations have just lifted the wraps on the Global Renewables Watch (GRW). They describe the tool as “a first-of-its-kind living…
Planet Reveals Details of Tanager Hyperspectral Constellation
There’s a new hyperspectral constellation concept in town. Yesterday, Planet ($PL) announced it will build and launch a hyperspectral constellation, starting next year, with the Carbon Mapper Coalition. The planned constellation is known as Tanager, named after a colorful family of birds native to South and Central America. Tanager will focus on sources of methane…
SkyFi Launches App in Beta, Tops Off Seed Round
SkyFi has a very ambitious vision: making satellite imagery available and accessible for the masses. But before it can even dream about widespread EO democratization, the Austin, TX startup must develop a clean, consumerized experience, with a web portal and mobile app that support a marketplace for imagery, data, and analytics. To that end, SkyFi…
A Q+A with Albedo’s Topher Haddad
Albedo Space recently announced that it has closed a $48M Series A round, co-led by Breakthrough Energy Ventures and Shield Capital. The startup also has other heavyweights on its cap table, such as Y Combinator, Initialized Capital, and Joe Montana. (Happy NFL Kickoff day to all who celebrate.) Albedo’s spiel The Austin- and Denver-based startup…
Albedo (YC W21) Raises $48 Million
Albedo has announced a $48M Series A raise, in a round co-led by Bill Gates-founded Breakthrough Energy Ventures and Silicon Valley-based Shield Capital. The Austin- and Denver-HQ’d satellite startup has now raised $58M, less than two years since its founding. Complementing Albedo’s big ol’ round is a padded out cap table. The startup is a…
The Rockefeller Foundation Funds EO Climate Project in Sub-Saharan Africa
The Rockefeller Foundation announced a $5.5M initiative that will use our eyes in space— EO satellites—to track the effects of climate change in sub-Saharan Africa. The project: The Electricity Growth and Use in Developing Economies (e-GUIDE) Initiative and Atlas AI, a company that aims to help maximize the impact of infrastructure changes, are collaborating on…
