Thermal infrared satellite firm Hydrosat has raised $89m in Series B financing while AI EO intelligence company SkyFi has raised $19 million in a Series A funding round.
The announcements are just the latest in a seemingly never-ending line of investments in new and up-and-coming satellite Earth observation businesses.
Hydrosat’s Series B funding comprises financing and extra equity investments, with the round being led by Hartree Partners, Subutai Capital Partners, and Space 4 Earth, with new investment from Truffle Capital.
It includes follow-on investment from the Luxembourg Future Fund, OTB Ventures, Blue Bear Capital, Statkraft Ventures, Cultivation Capital, and Santa Barbara Venture Partners.
“We’re seeing remarkable momentum behind Hydrosat’s mission,” said Pieter Fossel, CEO of Hydrosat.
“This new funding underscores the company’s sustained growth and positions us to meet the increasing demand for intelligent solutions to some of society’s most complex challenges in national security and natural resources.”
The company has two satellites in orbit equipped with thermal infrared sensors, generating an imagery collection capacity that exceeds 10 million square kilometres per day.
According to Hydrosat, the imagery is particularly suitable for monitoring water use, optimising irrigation operations, improving water productivity, and detecting early signs of vegetation stress or drought.
Meanwhile, SkyFi, which describes itself as an AI-first Earth intelligence platform, successfully closed its Series A round to “accelerate product development and enhance SkyFi’s technology, including its platform’s user interface and analytical tools”.
The funding round was co-led by Buoyant Ventures and IronGate Capital Advisors, with new participation from DNV Ventures, TFX Capital, Beyond Earth Ventures, Nova Threshold, and Chris Morisoli, plus existing investors RSquared VC and J2 Ventures.
The company currently works with more than 50 imagery partners and has plans to arrange new partnerships with satellite operators to “expand its on-demand data offerings and AI-enabled analytic capabilities for leading commercial and government customers worldwide”.
“Geospatial intelligence is essential not only for military and defence purposes but for commercial uses as well,” said Luke Fischer, CEO and co-founder of SkyFi.
“From asset and supply chain monitoring, to insurance and real estate, to energy utilities, agriculture, and environmental protection, we believe that powerful insights from space should be available to everyone, not just a select few.
“This capital will allow us to scale our platform and empower more customers globally to leverage satellite data to solve critical challenges across various industries.”
As Spatial Source reported last week, the global geospatial intelligence market is forecast to expand from $55.61 billion in 2025 to $94.18 billion by 2030.
