1:58:16 PM PDT - Monday, August 15th, 2022

Armed with $19.5M, LiveEO plots a big data course between satellite geospatial information and industry  

By Editor - Thu Aug 04, 11:54 pm

When it comes to geospatial and mapping data and how they are leveraged by organizations, satellites continue to play a critical role when it comes to sourcing raw information.  Getting that raw data into a state that can be usable by enterprises, however, is a different story. Today, a Berlin-based startup called LiveEO , which has built a satellite analytics platform to do just that, has raised €19 million ($19.5 million) on the back of strong demand for its tech from companies working in transportation and energy infrastructure. The rise of companies like LiveEO comes on the back of a period of rapid commercialization in infrastructure intended to be used in space, typified by companies like SpaceX but also others building, for example, a new wave of  satellites themselves . As with the larger opportunity in enterprise IT, big data players like LiveEO are essentially the second wave of that development: applications built leveraging that infrastructure. Image Credits: LiveEO (opens in a new window) under a CC BY 2.0 (opens in a new window) license

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Armed with $19.5M, LiveEO plots a big data course between satellite geospatial information and industry

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