Near Space Labs closes $13M Series A to send more Earth imaging robots to the stratosphere
– Near Space Labs, a geospatial intelligence startup, raised $13m in Series A funding.
– The round was led by Crosslink Capital and joined by Toyota Ventures and existing investors Leadout Capital and Wireframe Ventures.
– Near Space Labs also announced that Crosslink partner Phil Boyer has joined its board.
– Near Space Labs is focused on urbanized areas where change happens very rapidly.
– The company has named its platform “Swifty”.
– Each one is capable of reaching altitudes between 60,000 and 85,000 feet and capturing 400-1,000 square kilometers of imagery per flight.
– The company sells the data it collects and has developed an API through which customers can access the data via a subscription model.
Korean 3D spatial data tool startup Urbanbase closes $11.1M Series B+ round
– Urbanbase, a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced it has raised $11.1 million (13 billion won) in a Series B+ round as it scales up.
– This round of funding was led by Hanwha Hotel & Resort.
– Urbanbase, founded in 2013 by chief executive officer and a former architect Jinu Ha, has now raised $20 million (approximately 23 billion won) in total.
Hydrosat raises $5M seed round to deliver ground temperature data to customers
– Hydrosat, a geospatial data analytics startup, raised $5m in seed funding.
– The round was led by Cultivation Capital’s newly launched Geospatial Technologies Fund with participation by Freeflow Ventures, the Yield Lab, Expon Capital, Techstars, Industrious Ventures, Synovia Capital, and the University of Michigan.
– The company plans to launch its first satellite in 2022.
Airspace Link raises $10M to make drones safer for both operators and communities
– Airspace Link, a drone management platform, raised $10m in Series A funding.
– The round was joined by Altos Ventures, Thales Group, and others.
– The company plans to use the additional funds to expand its domestic offering and expand overseas.
Hayden AI Raises $4.5M in Funding
– Hayden AI Technologies, Inc. is a smart city solutions provider based in San Francisco.
– The company closed a $4.5m funding round.
– The round was led by BootstrapLabs with participation from Modern Venture Partners, UC Berkeley’s Strawberry Creek Ventures, e.Republic, and Autotech Ventures.
– The new investment will be aimed at accelerating the development and delivery of AI-powered solutions.
Location data analytics startup Placer.ai raises $50M Series B
– Placer.ai, a foot traffic and location analytics startup, raised $50m in Series B funding.
– The round was led by Josh Buckley, the chief executive officer of Product Hunt, Todd Goldberg and Rahul Vohra.
– Other participants included Fifth Wall and returning investors JBV Capital and Aleph VC.
– The company plans to use the funding on research and development and expanding its sales and marketing teams.
Placer Labs Snags $50M in Series B Funding
– Placer Labs, a leader in location analytics and foot traffic data, has closed a $50m series B funding round.
– The round was led by Josh Buckley, Todd Goldberg and Rahul Vohra, with participation from Fifth Wall, JBV Capital and Aleph VC.
Satellite imagery startup Albedo closes $10M seed round
– Albedo, a startup that wants to build a constellation of low-orbit satellites, raised $10m in seed funding.
– The round was led by Initialized Capital and joined by Jetstream, Liquid2 Ventures and Soma Capital.
– The company aims to launch its first satellite in 2024 and bring its full constellation to orbit by 2027.
Satellite Vu’s $5M seed round will fuel the launch of its thermal imaging satellites
– Satellite Vu, a satellite imaging company, raised $5m in funding.
– The round was led by Seraphim Capital and joined by U.K. government.
– The company plans to launch its first satellite in 2022.
