LiveEO, an Earth Observation (EO) asset monitoring startup based in Berlin, has closed an investment round with the venture capital firms btov Partners, Helen Ventures, DvH Ventures, and Motu Ventures as well as deep tech investor Andreas Kupke and one of the most renowned investors from the Silicon Valley tech ecosystem. The Series A investment of €5.25 million (USD $6.35 million) allows LiveEO to further accelerate the development of their market leading infrastructure monitoring solution as well as their international expansion.
Daniel Seidel, Co-founder, LiveEO, said, “This funding round is a huge milestone for LiveEO. Over the last 3 years we’ve built up a unique technology stack to analyze earth observation data at scale and we now can realize many new revolutionary features on the basis of this tech backbone.”
Sven Przywarra, LiveEO’s other Co-founder, added, “Additionally we will be able to invest heavily in our sales and business development teams to bring our space based technology to more customers all over the globe.”
After the funding round LiveEO will focus on strengthening their business development to build up a global partner and customer network, aim for the market leadership position in the utility market, and start the expansion into the US and adjacent markets.