LiveEO, a Berlin, Germany-based satellite analytics startup, raised €19 million in a fresh round of investment.
The round was led by MMC Ventures with €17 million of venture capital with participation from the European Commission and Investitionsbank Berlin.
All existing shareholders also participated in the round, including Dieter von Holtzbrinck Ventures (DvH Ventures), Helen Ventures, Matterwave, motu ventures, Segenia Capital, and Hannover Digital Investments (HDInv).
The funding will accelerate the market uptake of bringing insights derived from space imagery to every global value chain, translating data from hundreds of Earth Observation satellites into real value for end-users.
Company: LiveEO GmbH
Raised: €19.0M
Round: Unknown
Funding Month: Aug 2022
Lead Investors: MMC Ventures
Additional Investors: European Commission, Investitionsbank Berlin, Dieter von Holtzbrinck Ventures, Helen Ventures, Matterwave, motu ventures, Segenia Capital and Hannover Digital Investments
Company Website: https://live-eo.com/
Software Category: Earth Observation Data
About the Company: Founded in 2018, LiveEO is a satellite analytics startup, aimed at improving life on earth by harnessing the power of space data. Its flagship core product is an infrastructure monitoring suite powered by satellite imagery. LiveEO provides AI-powered satellite-based monitoring of large infrastructure networks. Using AI to analyze Earth Observation data, can give railway, power lines, and pipeline operators actionable information on the risk posed by vegetation, ground deformations, or third parties. The software enables customers to optimize the maintenance programs of core infrastructure assets, making them increasingly resilient to climate change. Today, its products are used by operators of linear infrastructure around the globe to reduce the risks of outages and disruptions. LiveEO’s insights make networks more resilient against the effects of climate change and minimize the need for more carbon-intensive monitoring approaches. Its international team of 100 employees was distributed across Berlin, New York, and Latvia.
Source: https://tech.eu/2022/08/08/berlins-space-tech-liveeo-scores-eur19-million-to-analyse-earth-observation-data-with-ai/