SatVu, a London, UK-based climate technology company, raised £20M in strategic funding, comprising a £10M equity funding.
The equity was led by Adara Ventures and Molten Ventures, with participation from existing investors NOA, Lockheed Martin, Seraphim, Ridgeline and Stellar Ventures.
The company intends to use the funds to launch HotSat-2 and HotSat-3, which are both expected to ship for launch in 2025.
Led by CEO Anthony Baker, SatVu specializes in climate technology developing thermal imaging capabilities. Its HotSat constellation, led by the launch of HotSat-1 in June 2023, has redefined how people monitor its planet by capturing 3.5m resolution thermal data, improving new levels of insight into global carbon emissions and energy activity.
HotSat-2 and HotSat-3 will provide critical, near real-time thermal data, essential for understanding energy transition, monitoring infrastructure and economic activity, and driving targeted action towards climate mitigation and resilience, contributing to vital decision-making as the world progresses toward net-zero.
FinSMEs