• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

3v.org

Venture Capital Matters

  • Pitch a Startup
    • Make a Contribution
  • Startup Jobs
  • Market Reports
  • Technologies
    • Technology Events
  • Domain Names for Startups
  • About
    • How to raise venture capital
    • How to raise seed funding from angel investors
    • How private equity and venture capital firms operate
    • What is the difference between private equity and VC funding?
    • What technology trends are considered hot among VC firms?
    • What is elevator pitch?
    • What is startup burn rate?
    • Does failure to launch a startup spell the end of the entrepreneur’s ambitions?
    • How to avoid pitfalls in founding a startup
    • Why do startups fail?
    • What are the traits of successful startup founder?
    • What are startup vanity metrics?
    • Why investing in the next generation of women and diverse entrepreneurs is a crucial part to the success of the tech infrastructure
    • Where are VCs seeing opportunity
    • How do startup valuations work?
    • What is startup accelerator?
    • How to scale an early-stage startup team, how much to pay and how to distribute equity
    • Don’t mix business with friendship: when it comes to building a founding team for a startup, this adage may not always apply
    • What is a social unicorn?
    • Secure Your Startup’s Future: The Importance of Succession Planning
  • Contact

Satellogic Announces $50M in Funding

December 19, 2019 By admin Leave a Comment

Satellogic, the first company to develop a scalable earth observation platform with the ability to remap the entire planet at both high-frequency and high-resolution, today announced $50M in funding from new and existing investors. Today’s announcement comes on the heels of Satellogic’s $38M Dedicated Satellite Constellation (DSC) agreement with ABDAS to deliver access to a dedicated fleet of satellites providing them with high-resolution geospatial insights that will contribute to the monitoring of agriculture over the Henan Province in China and strengthen governmental decisions.

Existing investors, including Tencent and Pitanga, contributed approximately 40% of the $50M in newly announced funding, with some existing investors requesting more than their pro rata share. The remaining capital comes from a number of new financial and strategic investors, including the Inter-American Development Bank (IDB), through IDB Lab, the innovation laboratory of the IDB Group.

“At IDB Lab, our mission is to leverage innovation towards inclusion in Latin American and the Caribbean,” said Tomás Lopes Teixeira, Senior Investment Officer at IDB Lab. “We’re excited to support Satellogic’s mission of democratizing access to geospatial analytics solutions, such as monitoring crop growth and preventing the spread of plagues in agriculture to help increase yields and livelihoods of a vast universe of small and medium-sized farmers caught in a low-productivity cycle in the region; improving the reaction time and accuracy in natural disaster response, which typically disproportionately impacts vulnerable populations; and preventing deforestation.” IDB Lab’s financing will be specifically directed towards Satellogic’s development of user-end satellite imagery solutions in these sectors.

Pitanga, also based in the Latin American region, invests in innovative companies with high growth potential and is among the existing investors contributing to Satellogic’s newly announced funding.

“As an investor that has continued to support Satellogic through multiple phases of growth and development, we’re excited to see the market dynamics shift towards what our team has been building since 2010. Governments and industry alike now recognize the power of geospatial analytics, and Satellogic is a proven partner,” said Fernando Reinach, Partner, Pitanga Fund. “When choosing where to invest and reinvest, we seek to fund companies that have the potential to be disruptive and capture a significant portion of large markets in a short time. In this regard, Satellogic is the perfect archetype of the Pitanga portfolio.”

Satellogic recently closed a $38M agreement with ABDAS, a data science company established under the technical support of the Institute of Remote Sensing and Digital Earth. The agreement gives ABDAS access to a Dedicated Satellite Constellation and geospatial analytics that will provide them with multispectral imagery for monthly remapping of sites they define within their departmental territory and derive insights through their in-house data science capabilities. Through the partnership, ABDAS is able to leverage their constellation to strengthen and support key policy decisions in the province, with no capital outlay and no technical or operational risks.

“Satellogic is experiencing significant commercial momentum, and we’re grateful to have investors that want to fuel that growth and help us service the demand for our Dedicated Satellite Constellation (DSC) and Dedicated Satellite Services (DSS) solutions,” said Satellogic Founder and CEO, Emiliano Kargieman. “Given the commercial success with our DSC bookings and pipeline, in particular, we’re fortunate to be in a position to use that cash flow to better leverage investor capital in executing our business plan. It’s exciting to know that our investors, new and existing, are there to support us as we enter this next wave of commercialization.”

Today, less than a third of the countries in the world have their own satellites orbiting the Earth, limiting their ability to capture data about their policy implementation and infrastructure. However, the landscape is changing. One recent report valued the geospatial analytics market at $19.59B in 2018 and predicted that it will reach a value of $29.28B by 2024. In this report, government interest was noted as a key driver of growth. New investor, IDB Lab, sees an opportunity for Satellogic to have a meaningful impact in Latin America and the Caribbean in particular.

Founded in 2010, Satellogic is a global company with 170 employees and offices in Buenos Aires, Córdoba, Barcelona, Montevideo, Tel Aviv, Beijing, Charlotte and Miami.

About Satellogic

Satellogic is the first vertically integrated geospatial analytics company. We drive real outcomes with planetary-scale insights you can trust.
Our low-Earth-orbit satellite constellation, platform, and data science teams work together to deliver high-frequency, high resolution, end-to-end solutions at the right price point. We make sense of the data so you can focus on the big decisions at hand.

With our satellite engineers, AI experts, and solution specialists, we are on a mission to deliver a fundamentally better picture of our planet and the many forces that reshape it every day. We bring space down to earth for large enterprises and governments of all sizes who need to see for themselves how our world is changing.

Satellogic. Now you see.

To learn more, please visit: www.satellogic.com

Filed Under: PR Tagged With: Satellogic, earth observation platform

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

The Growing Tin Market: Prospects for Future Demand and Sustainability
Prospects for the Growing Lithium Market in the Coming Years
DevOps and Agile: Integrating Development and Operations
China’s Use of Golden Shares: From Reducing State Role to Quietly Controlling Tech Giants
Why Amazon Acquired One Medical: Disrupting the Healthcare Industry with Technology-Enabled Care
The End of an Era: Why China is No Longer Viable as the World’s Factory
Cloudflare’s FedRAMP authorization opens up a huge market opportunity in the US government sector

Market Research Media

How plunging birthrates threaten national economies
Agile Leadership: Leading Agile Teams for Success
Chinese Brands Reach New Heights of Popularity in the West Amid Growing Political Tensions
Unrestricted Streaming: How VPNs Can Enhance Media Consumption Experience
How the world’s biggest companies have built and defended their moats
Virtual Learning Environments: A Game-Changer in Education?
Streaming video, training, and gaming coming together to form a cohesive and diverse media and entertainment ecosystem

Secondary Sidebar

Technologies

Japan Revamps Chip Strategy, Aims to Triple Sales by 2030
New Cloud Computing Startup Evroc Seeks €3 Billion to Challenge Amazon
Apple Vision Pro Review
IBM announced plans to build its first European quantum data center in Zurich, Switzerland
Hydrogen Technology: The Key to a Sustainable Future for the Cruise and Shipping Industries

Tech Events

GitHub Universe 2023 will be held on November 8-9 in San Francisco, California
Upcoming Technology Events of 2023
Space Symposium 2023, April 17-20, Broadmoor, Colorado Springs, Colorado
The Yugabyte’s third annual Distributed SQL Summit (DSS) Asia, March 28, 2023
NVIDIA GTC, a global conference for the era of AI and the metaverse, March 20-23, 2023

Footer

Recent Posts

  • Venture capital investments in artificial intelligence (AI) growing rapidly
  • African Venture Investment Soars to Record High, Fueled by Tech Startups
  • Pitchly Secures $7 Million Series A Funding for SaaS-Based Data Enablement Solution
  • Agile Project Management: Roles and Responsibilities
  • Candidly, a student debt and savings optimization platform, has raised $20.5 million in a Series B round of financing
  • GameTech Startups Attracting Venture Capital Funding: The Importance of VPN Security
  • Spreetail Secures $208M Funding to Enhance Ecommerce Acceleration Capabilities
  • Metomic secures $20 million in Series A funding to expand its SaaS data security solution in the US
  • The Texas A&M University System is set to create a boom in startups
  • Goose Insurance Services, a Vancouver-based insurance technology company, has recently closed a $4 million Series A funding round

Dossier

Agile Coaching: The Key to Successful Agile Implementation
GameTech 2023, GameDev Conference, March 3, 2023
AI is Disrupting Software: Key Takeaways from Tech Summit 2023
indie Semiconductor has entered into a definitive agreement to purchase GEO Semiconductor
Why UK faces chronic labor shortages

Press Media Release

Webinar: Agile Software Development Metrics and Measurement
VPN Workshop Program Offers Comprehensive Training on VPN Technology
New Technology Job Board Launches to Connect Job Seekers with Top Employers
Media Release: Israelis Protest Proposed Judicial Reforms Amid Knesset Debate
S3H.com to Showcase Cutting-Edge Technology at MWC Barcelona 2023

App Coding

Viral App Ideas to Code for Massive User Engagement
Common Pitfalls in Agile Development and How to Avoid Them
How Much Does It Cost to Build a FinTech App?
The annual GameTech Market 2023 is back and better than ever!
Appy Pie Introduces AI App Generator to Expedite App Development Process

API Coding

Building More Resilient APIs through Negative Testing
API governance is essential for ensuring the secure and reliable use of APIs
How to re-write a legacy API
How to Build API in Next.js
API Hub for Business Allowing Companies to Launch Custom Hubs in Minutes

Copyright © 2022 3v.org

Technologies, Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT