Astraea, Inc. (Astraea), a Charlottesville-based satellite intelligence company, has closed an oversubscribed $6.5 million Series A round
The round was led by Aligned Climate Capital and Carbon Drawdown Collective with participation from CAV Angels, Tydall Investment Partners, and existing investor University of Virginia (UVA) Seed Fund.
Astraea will use the proceeds from this raise to support business development, hire data scientists, and expand commercial partnerships with satellite data providers
Company: Astraea, Inc.
Raised: $6.5M
Round: Series A
Funding Month: July 2022
Lead Investors: Aligned Climate Capital and Carbon Drawdown Collective
Additional Investors: CAV Angels, Tydall Investment Partners, and existing investor University of Virginia (UVA)
Company Website: https://www.astraea.earth/
Software Category: Software-as-a-Service (SaaS) platform
About the Company: Astraea was founded in 2016 as a for-profit Benefit Corporation located in Charlottesville, Virginia. Astraea's cloud-native platform EarthAI provides the tools and infrastructure required to build production-level analytics on satellite, aerial, and drone imagery. By eliminating common barriers to processing this valuable resource, Astraea is enabling individuals and organizations to access, analyze, and unlock actionable insights from petabytes of Earth-observing data at a fraction of the cost of complexity previously required.
Source: https://www.globenewswire.com/news-release/2022/07/22/2484634/0/en/Satellite-Intelligence-Company-Astraea-Secures-6-5M-Series-A-Funding.html