Hydrosat, which is a geospatial data as well as an analytics company, has secured $10 million in the seed funding to launch a network of satellites that will collect data for the thermal infrared maps. Hydrosat, based in Washington, has so far funded $15 million for satellites that will track the Earth’s water cycle and offer information on environmental issues including drought and flash floods caused by climate change.
OTB Ventures led Hydrosat’s venture fundraising round. Freeflow Ventures, Santa Barbara Venture Partners, Cultivation Capital, and Expon Capital are among the participants. In a statement, Hydrosat Chief Executive Officer Pieter Fossel said, “Earth’s freshwater supplies are under stress due to the convergence of changing climate and population increase.” “Mega droughts, like the one currently affecting the central and western United States, causing crop production to plummet. Meanwhile, wildfires and environmental destruction wreak havoc on the economy and endanger human lives.”
Hydrosat plans to use a constellation of the satellites to collect data on worldwide surface temperatures. VanZyl-1, the company’s first satellite mission, is “completely funded and under construction,” according to Fossel, and is set to deploy with Loft Orbital in 2022.
Hydrosat is using the additional seed investment to develop commercial analytics solutions, which it hopes to deploy before its first trip. Hydrosat will also be able to increase its engineering, product, and business development teams as a result of the fundraising round, according to Fossel. OTB’s investment was based in part on Hydrosat’s “strong analytical capacity, even before a single satellite is in orbit,” according to Adam Niewinski, co-founder as well as general partner of OTB.
Hydrosat demonstrated the thermal infrared imager, which is first-generation on the stratospheric balloon earlier this year. According to Fossel, a second version of the sensor is being created in Hydrosat’s lab. The recent climate summit in Glasgow, as well as the Biden Administration’s infrastructure legislation, that includes financing to assist towns in dealing with climate change, “underscore both the necessity and the possibility for Hydrosat,” according to Fossel. “To effectively analyze and manage the implications of climate change, the globe requires a lot of additional land surface temperature data.” To address these objectives, we’re on a mission to put our data into the hands of consumers as soon as feasible.”
Hydrosat is a provider of geospatial data and analytics. They turn satellite as well as weather data into useful information for our clients. Their satellite data and also analytics platform will help with everything from agriculture as well as natural resource tracking to aquaculture management. Businesses and communities will be more resilient as a result of more informed decision-making.