8:10:47 PM PDT - Saturday, June 3rd, 2023

Thermal imaging startup Satellite Vu closes $15.8 million ahead of first launch  

By Editor - Wed May 24, 1:00 pm

British startup Satellite Vu has raised £12.7 million ($15.8 million) to develop what it calls “the world’s thermometer”: a satellite constellation capable of monitoring thermal emissions around the world. The Series A-2 round was led by Molten Ventures, with participation from Seraphim Space, A/O Proptech, Lockheed Martin, Ridgeline Ventures, Earth Sciences Foundation, and Stellar Ventures. All of these investors have previously contributed to Satellite Vu. The company has now raised £30.5 million ($37.7 million) to date, including a £1 million ($1.2 million) grant from the UK Space Agency’s National Space Innovation Program. The London-based startup is developing technology to gather high-definition thermal data from space. The satellites will be able to measure heat emitted from individual buildings, data that the company says can be used to help businesses and governments enact more energy-efficient solutions. Being able to locate and measure thermal energy output will be essential to achieving net-zero carbon emissions, the company says. Satellite Vu will be sending its first spacecraft to orbit, a bird built in partnership with Surrey Satellite Technology Ltd, in June on a SpaceX Falcon 9 ride-share mission.

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Thermal imaging startup Satellite Vu closes $15.8 million ahead of first launch

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