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Hydrosat Raises $5M To Take On Climate Change From Space

Jun 17, 2021•over 4 years ago

Amount Raised

$5 Million

Description

Hydrosat, a company creating an infrared satellite constellation, announced that it raised a $5 million seed round led by Cultivation Capital, bringing its total raised to date to over $10 million. The round was led by Cultivation Capital with participation by Freeflow Ventures, the Yield Lab, Expon Capital, Techstars, Industrious Ventures, and Synovia Capital.

Company Information

Company

Hydrosat

About

The company aims to collect surface temperature data using satellites equipped with infrared sensors. The startup will also be able to significantly increase its workforce, as it aims to speed to market. The startup is also partnering with the Rochester Institute of Technology – which calibrates the thermal infrared data from the NASA Landsat program – for data calibration. Fossel added that the startup has already signed agreements with companies in the agricultural and environment space, though he declined to provide further details. While the startup still has a mid-term goal of launching a 16-satellite constellation, Fossel said the size of the constellation is not as important as the frequency of the data the company is able to deliver.