Beholder, a Tallinn, Estonia-based company that provides an AI-based remote sensing platform, has secured $940,000 in funding

Investors 

The investment round was led by InnoEnergy, with participation from Rockstart and STRT Ventures funds.  

Founded in 2010, EIT InnoEnergy is an impact investing firm based in Eindhoven, Netherlands. The firm seeks to invest in seed-stage and early-stage companies operating in B2B, energy, climate technology, clean technology, mobility technology, the internet of things, micro-mobility, oil & gas, robotics, and drone sectors based in Europe. 

Beholder Use of Funds 

The startup aims to scale its business, enter foreign markets, and develop two versions of the product for both B2C and B2B markets. In 2024, the startup plans to increase the company’s capitalization to $20-30 million and sign contracts with 20 new clients. 

About Beholder 

Founded in 2021 by Andriy Sevryukov, Serhii Lubkin, and Daniil Lubkin, Beholder provides an AI-based remote sensing platform for critical minerals and energy resources exploration. The platform utilizes machine learning to process data from satellites, enabling predictions on mineral deposits and resource exploration. Beholder currently has offices in Middletown and Tallinn, with a clientele including mining companies such as Filo Mining, GrupoHunosa, and Petroteq Energy.  

Funding Details 

Company: Beholder  

Raised: $940K  

Round: Unknown    

Funding Month: March 2024    

Lead Investors: InnoEnergy  

Additional Investors: Rockstart, STRT Ventures 

Company Website: https://beholder.earth/   

Software Category: Remote Sensing Platform  

Source: https://ain.capital/2024/03/14/beholder-raises-nearly-1m-investment/