LiveEO, a Berlin, Germany-based Earth Observation asset monitoring startup, closed a €5.25m Series A funding.
The round was co-led by btov Partners and Helen Ventures, and with DvH Ventures, and Motu Ventures as well as deep tech investor Andreas Kupke and investors from the Silicon Valley tech ecosystem participating.
The company intends to use the funds to further accelerate the development of their infrastructure monitoring solution as well as their international expansion.
Led by co-founders Daniel Seidel and Sven Przywarra, LiveEO utilizes satellite technology to monitor large infrastructure networks globally
and empowers the operators to save operational expenses by observing dangers from external threats. By using AI, the startup is generating overviews of thousands of kilometres for decisions on management level as well as information for the worker on the ground via a
front-end and mobile app.
The company has approx. 40 employees.