Simera Sense, a Leuven, Belgium-based company providing end-to-end optical solutions for the small satellite Earth observation industry, raised €13.5M in Growth funding.
Backers included NewSpace Capital and Knife Capital.
The company intends to use the funds to further develop its product range, increase production capacity, and accelerate on-board processing capabilities.
Led by CEO Johann Du Toit, Simera Sense is a provider of end-to-end earth observation camera solutions for the global small satellite market. Its suite of high-resolution, ‘off-the-shelf’ cameras are used by diverse clients across a wide range of industries.
The company collaborates with various European institutions and participates in partnership with other companies in response to ‘New Space’ prospects.
Another key area of development for Simera Sense is the inclusion of industry-transforming on-board data processing, embedded in the camera control electronics. Already under development, it will be a market first, as data from satellite cameras is typically processed on the ground, stretching bandwidth and creating communication issues.
FinSMEs
12/03/2024