Urban Sky is a Denver, CO-based developer of remote sensing vehicles intended to provide high-resolution earth observation data. The company’s vehicle leverages advances in component miniaturization to provide regular mapping changes above cities to imaging large, remote areas and assets, enabling clients to get precise satellite imagery by reducing the cost of high-resolution remote sensing and weather-related data.
Urban Sky was funded $9.75 million, led by New Legacy Ventures, Lerer Hippeau, and Lavrock Ventures, with participation from Catapult Ventures, Union Labs VC, DA Ventures (a Denver Angel investors Affiliate), and TenOneTen Ventures.
The company intends to use the funds to scale its commercial imaging operation, develop advanced stratospheric technology, and broaden its sensor portfolio.
Urban Sky’s breakthroughs in stratospheric technology offer exciting possibilities for industries such as agriculture, environmental monitoring, disaster management, and telecommunications. The company’s unique approach involves deploying high-altitude balloons equipped with state-of-the-art imaging equipment, providing a cost-effective and flexible means of collecting critical data.
CEO of Urban Sky, Andrew Antonio, expressed enthusiasm for the support the company has received. It underscores the importance of their work in pushing the boundaries of stratospheric technology and commercial imaging. They’re excited to have the backing of such esteemed investors who share their vision for a more connected and sustainable world.
Urban Sky’s approach offers a more cost-effective alternative to traditional satellite technology. High-altitude balloons can be launched quickly and at a fraction of the cost of orbital satellites, making data acquisition more accessible for businesses and organizations.
This new capital injection will enable Urban Sky to expand its fleet of stratospheric balloons, enhance imaging capabilities, and further its research and development efforts. It will also help the company broaden its reach and explore new industry partnership opportunities.
The successful funding round is a testament to the growing demand for innovative Earth observation and stratospheric technology solutions. As Urban Sky continues to break new ground in these fields, the future looks promising for the company and its mission to make the world more connected and informed.
By: K. Tagura
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