Satellite Vu<\/a> has raised \u00a312.7 million ($15.8 million) to develop what it calls \u201cthe world\u2019s thermometer\u201d: a satellite constellation capable of monitoring thermal emissions around the world.<\/p>\nThe Series A-2 round was led by Molten Ventures, with participation from Seraphim Space, A\/O Proptech, Lockheed Martin, Ridgeline Ventures, Earth Sciences Foundation, and Stellar Ventures. All of these investors have previously contributed to Satellite Vu. The company has now raised \u00a330.5 million ($37.7 million) to date, including a \u00a31 million ($1.2 million) grant from the UK Space Agency\u2019s National Space Innovation Program.<\/p>\n
The London-based startup is developing technology to gather high-definition thermal data from space. The satellites will be able to measure heat emitted from individual buildings, data that the company says can be used to help businesses and governments enact more energy-efficient solutions.<\/p>\n
Being able to locate and measure thermal energy output will be essential to achieving net-zero carbon emissions, the company says.<\/p>\n
Satellite Vu will be sending its first spacecraft to orbit, a bird built in partnership with Surrey Satellite Technology Ltd, in June on a SpaceX Falcon 9 ride-share mission. The satellite will be able to collect imagery and video at a resolution of 3.5 meters per pixel.<\/p>\n
The seven-year-old company has customer commitments valued at over \u00a3128m ($160m) via its early access option program, which gives customers preferred access to imagery and the option to secure satellite capacity. Companies that have joined the program include Japan Space Imaging Corporation and analytics company Kayrros. Those funds should start transitioning to revenue from the fourth quarter of this year.<\/p>\n
\u201cTheir $160m in early commitments is a stellar model of pre-launch sales for deep-tech companies, which other climate-tech firms could emulate,\u201d George Chalmers, Molten Ventures\u2019 head of climate tech, said in a statement.<\/p>\n
The new funding was an \u2018up round,\u2019 according to Satellite Vu, or a round in which the company\u2019s valuation increased. The company will return to fundraising its Series B after its first launch.<\/p>\n<\/p><\/div>\n
<\/br><\/br><\/br><\/p>\n
Science, Tech, Technology<\/br>
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\nSource:https:\/\/techcrunch.com\/2023\/05\/24\/thermal-imaging-startup-satellite-vu-closes-15-8-million-ahead-of-first-launch\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"Source:https:\/\/techcrunch.com\/2023\/05\/24\/thermal-imaging-startup-satellite-vu-closes-15-8-million-ahead-of-first-launch\/ Thermal imaging startup Satellite Vu closes $15.8 million ahead of first launch 2023-05-24 21:36:31 British startup Satellite Vu has raised \u00a312.7 million ($15.8 million) to develop what it calls \u201cthe world\u2019s thermometer\u201d: a satellite constellation capable of monitoring thermal emissions around the world. The Series A-2 round was led by Molten Ventures, with participation […]<\/p>\n","protected":false},"author":1,"featured_media":33128,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-33127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\n
Thermal imaging startup Satellite Vu closes $15.8 million ahead of first launch - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/05\/24\/thermal-imaging-startup-satellite-vu-closes-15-8-million-ahead-of-first-launch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thermal imaging startup Satellite Vu closes $15.8 million ahead of first launch - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/05\/24\/thermal-imaging-startup-satellite-vu-closes-15-8-million-ahead-of-first-launch\/ Thermal imaging startup Satellite Vu closes $15.8 million ahead of first launch 2023-05-24 21:36:31 British startup Satellite Vu has raised \u00a312.7 million ($15.8 million) to develop what it calls \u201cthe world\u2019s thermometer\u201d: a satellite constellation capable of monitoring thermal emissions around the world. 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