Hydrosat’s thermal satellite tech targets water scarcity and agricultural risk, backed by new €51 million
Luxembourg and US-based Hydrosat has secured €51 million in Series B funding to expand its thermal infrared satellite data and AI-powered analytics services. This significant investment underscores growing interest in space technology and its applications for addressing challenges like water scarcity and agricultural risk. The funding round aims to accelerate Hydrosat's growth across commercial, civil government, and defense markets. The investment round saw participation from Hartree Partners, Subutai Capital Partners, and Space 4 Earth, with additional funding from Truffle Capital and existing investors. Hydrosat, founded in 2017, uses its technology to monitor millions of acres for clients like NOAA and Bayer. The company’s focus on providing high-resolution, timely satellite data is crucial for offering insights into irrigation patterns and best practices, vital for governments and agribusinesses. This investment aligns with a broader trend of capital flowing into Earth observation and AI-driven geospatial analytics across Europe. Recent examples include investments in Italian, German, French, and Spanish spacetech startups. These companies are focused on areas like Earth intelligence platforms, high-resolution Earth observation, satellite servicing, and low-Earth-orbit propulsion systems. The trend of substantial investment in the space technology sector, with over €220 million flowing into related segments, highlights a concerted effort towards strengthening European digital sovereignty. This move underscores the strategic importance of independent access to critical Earth observation data and analytics capabilities.
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