2 years ago

Satellite Vu Secures £13 Million to Launch Energy Monitoring Satellite

  • Satellite Vu, a London-based company, has raised an additional £13 million in a Series A extension round led by Molten Ventures

  • The funding will support the launch of the company's first satellite next month, which will be part of a constellation of eight satellites providing energy monitoring services

  • Satellite Vu has already secured over £128 million in customer commitments and plans to begin Series B fundraising after the first satellite launch.

      • ProblemTechnology

      "Monitoring energy consumption of equipment, buildings, and water bodies is currently inefficient and lacks real-time data."

      Solution

      "Satellite Vu provides high-frequency, real-time thermal monitoring of energy consumption for equipment, buildings, and water bodies using a constellation of satellites."

      Covered on