Urban Sky, a Denver, CO-based stratospheric technology and remote sensing company, raised $9.75M in Series A funding.
The round was led by New Legacy Ventures, Lerer Hippeau and Lavrock Ventures, with participation from Catapult Ventures, Union Labs VC, DA Ventures (a Denver Angels Affiliate), and TenOneTen Ventures.
The company intends to use the funds to scale its commercial imaging operation, develop advanced stratospheric technology, and broaden its sensor portfolio.
Led by CEO Andrew Antonio and CTO Jared Leidich, Urban Sky invented the stratospheric Microballoon™, a high-altitude remote sensing platform that leverages component miniaturization, balloon reusability and the vantage point of the stratosphere to reduce the cost of remote sensing data over very broad areas.
The Microballoon™ enables high-resolution remote sensing due to its small form factor and ability to launch from mobile locations in just minutes with minimal personnel. This mobile launch system coupled with advanced flight modeling software and safe, controlled descent enables precise placement of these systems over desired areas.
Urban Sky is already working with customers across markets, including insurance, environmental monitoring, and oil & gas.
With this Series A, the company will scale its flight and imaging operation to more than 15 U.S. states, commercializing the technology for multiple applications, including insurance analytics, utilities monitoring, disaster response, wildfire monitoring, environmental analysis and, to capture high-resolution (<10cm GSD) remote sensing data at high refresh rates above urban centers and environmental areas of interest.
FinSMEs
16/10/2023