Spotlite closes €3.5M for satellite infrastructure monitoring
Portuguese startup Spotlite has secured €3.5 million in a seed round to fuel its global expansion, signaling growth in Europe's spacetech sector. The funding round, co-led by Índico Capital Partners and Explorer Investments, will enable Spotlite to advance its platform and broaden its market reach, demonstrating investment in European digital infrastructure. This investment aligns with the EU's focus on technological sovereignty and digital resilience. Spotlite's platform transforms satellite data into actionable insights for infrastructure management. Founded in 2017 by Ricardo Cabral and Martino Correia, the company's technology merges data from various satellite sources, offering continuous monitoring and alerts for risks like landslides and vegetation encroachment. Its AI-powered platform delivers automated insights without physical inspections. The platform's impact extends to asset owners and operators across transportation, mining, energy, and building sectors. This aids in extending the lifespan of infrastructure and enhancing resilience. Spotlite's expansion supports a shift from reactive to proactive maintenance, offering AI-driven decisions for smarter infrastructure management in line with European digital transformation goals. Spotlite aims to become a key player in infrastructure intelligence, supporting a safer and more resilient built environment. The company's expansion plans, supported by this funding, indicate a strengthening of European capabilities in satellite data analysis and infrastructure monitoring.
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