HydroSat raises $5 million in seed funding round

Data analytics enterprise HydroSat has raised $5 million in seed funding for a satellite tv for pc constellation to produce a world thermal infrared map.

The Washington-based startup additionally introduced that Lori Garver, former NASA deputy administrator and Earthrise Alliance CEO, would be part of its board of directors.

Cultivation Capital led HydroSat’s seed round. Freeflow Ventures, the Yield Lab, Expon Capital, Techstars, Industrious Ventures and Synovia Capital additionally participated.

Hydrosat’s inaugural mission, referred to as VanZyl-1, is scheduled to be hooked up on a Loft Orbital satellite tv for pc and launched in early 2022 on a SpaceX Falcon 9 rocket. The VanZyl-1 imager is designed to discover water stress, display wildfire danger and study agriculture.

Hydrosat plans to launch sixteen extra satellites to scan the globe on a each day basis, producing “science satisfactory infrared statistics and an analytics-ready land floor temperature product,” in accordance to the company’s June 17 information release.

The state-of-the-art investment, which brings the company’s whole raised to $10 million, will assist Hydrosat “build off of our current authorities commercial enterprise to carry a business product to customers in agriculture and analytics,” HydroSat CEO Pieter Fossel stated in a statement.

The European Space Agency, U.S. Air Force and U.S. Defense Department have awarded contracts to HydroSat.

In addition to Garver, HydroSat’s board is increasing to consist of Cultivation Capital General Partner Andy Dearing. Dearing used to be the former CEO of Boundless Spatial, a geospatial software program corporation bought with the aid of Planet. Former RapidEye CEO Ryan Johnson additionally is becoming a member of the board. Planet additionally received Berlin-based RapidEye via its guardian business enterprise BlackBridge.

“Water stress is one of the most extensive and urgent challenges with local weather change, and we trust that Hydrosat is uniquely located to tackle this,” stated Andy Dearing,

Rather than relying on consumer tasking orders, Hydrosat is constructing a high-capacity satellite tv for pc device to acquire facts continuously.

“It’s on-demand statistics with no reservations,” Fossel said. “We are constructing a business functionality that will make the complete globe accessible each day from our library, which is effective for computing device gaining knowledge of users.”

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