LiveEO startup secures €5.25 million funding – SpaceWatch.Global

Paris, 7 April 2021. – The Earth remark startup closed a €5.25 million funding spherical to finance its enlargement, the Berlin-based mentioned.

LiveEO closed an funding spherical with the enterprise capital companies btov Companions, Helen Ventures, DvH Ventures, Motu Ventures, the tech investor Andreas Kupke and an unnamed investor from the Silicon Valley. The funding permits LiveEO to “additional speed up the event of their main infrastructure monitoring answer in addition to their worldwide enlargement”, the corporate mentioned.

LiveEO analyzes satellite tv for pc imagery and knowledge from completely different bitter es with synthetic intelligence to observe infrastructure grids similar to railways, electrical energy grids or pipelines. It permits the operators of those property to save lots of operational bills and enhance efficiency, it says. LiveEO counts greater than 30 grid operators amongst its clients, together with Deutsche Bahn, electrical grid operators such E.ON’s e.dis or Bayernwerk, Tensio from Norway, E-Redes from Portugal and the German pipeline operator Gascade.

LiveEO has additionally been supported by the European House Company (ESA) and its ESA House Options .

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