Space Intelligence, an Edinburgh, Scotland, UK-based provider of nature mapping derived from satellite data, received an investment from AzureX Space Ventures and Intercontinental Exchange.
The amount of the deal was not disclosed.
The company intends to use the funds to expand its catalog of mapping data across the world’s forests to support the development and financing of forest carbon projects, as well as nature impact monitoring across corporate supply chains.
Led by CEO Dr. Murray Collins, Space Intelligence is a NatureTech company enabling zero deforestation and mass restoration of biodiverse forests globally by providing high quality nature mapping data. It combines expertise in remote sensing, data analytics, and forest ecology to provide data for forest carbon project stakeholders and nature impact reporting.
The nature data catalog currently spans 640 million hectares across seven countries, providing information on land cover, deforestation, and regrowth. By the end of Q2 2025, the company’s dataset will expand to cover more than 35 additional countries.
Space Intelligence co-founders Dr. Murray Collins and Professor Ed Mitchard have nearly 40 combined years of academic and on-the-ground research in remote sensing using satellite data. They have grown the company to employ more than 50 staff members, including 20 mapping scientists and ecologists. The company’s products are used by some of the largest developers and investors in forest carbon projects globally.
The company is also set to release new data products in Q4 of this year for near real-time monitoring of deforestation and degradation, enhancing risk management and monitoring.
FinSMEs
21/08/2024