Hydrosat, a Washington, DC-baed company creating an infrared satellite constellation, raised $5m in seed funding.
The round, which brought the total raised to date to over $10m, was led by Cultivation Capital, with participation from Freeflow Ventures, the Yield Lab, Expon Capital, Techstars, Industrious Ventures, and Synovia Capital.
Led by CEO Pieter Fossel, Hydrosat is a data analytics company that uses thermal infrared imagery to provide insights for commercial and government customers. Hydrosat is flying a multi-spectral and thermal infrared mission with Loft Orbital on a SpaceX Falcon 9 in 2022. The company plans to launch an additional 16-satellite constellation with the capacity to scan the entire globe on a daily basis, generating science quality infrared data and an analytics-ready land surface temperature product.
Hydrosat has contracts with the European Space Agency, US Air Force, and Department of Defense.
With the new investment, the company is adding three space industry veterans to the company’s board, including Lori Garver, Andy Dearing, and Ryan Johnson.
- Lori Garver is the CEO of Earthrise Alliance, the former Deputy Administrator of NASA, and a former board member of Maxar Technologies (NYSE: MAXR).
- Andy Dearing of Cultivation Capital was the CEO of government analytics provider Boundless Spatial.
- Ryan Johnson was the CEO of RapidEye, the Berlin-based agriculture satellite constellation he sold to Planet in 2015.
FinSMEs
18/06/2021