Albedo, who builds satellites to map and monitor the land with a precision and powerful details, collects a financing tour of the B series which would appreciate the startup at 285 million dollars before additional funding, according to the documents seen by Business Insider.
The investment company General Innovation Capital leads La Ronde, which will bring in nearly $ 100 million in new funding to the startup, according to documents.
Albedo and General Innovation Capital did not respond to requests for comments.
Albedo’s very low satellites of the Earth (VLEO) collect visible and thermal images with the highest resolution available in trade for use in agriculture, insurance, energy, mapping, public services and defense.
Albedo was previously evaluated at $ 150 million before the currency in 2023, according to Pitchbook. Investors include revolutionary energy companies (the investment company de Bill Gates), initialized capital management, y combinator, aws startups and booz allen ventures.
The new funding comes when the company has experienced considerable momentum in recent months. The startup announced in March that it signed an American Air Force contract of a value of up to $ 12 million and successfully launched its first satellite, named Clarity-1.
“The launch of Clarity-1 is a pivotal moment for the space industry,” said Chris Bogdan, an investor from Albedo and executive vice-president of Booz Allen and leader in the company’s space activity, in a press release after the launch. “The ability to collect ultra-high data resolution at a fraction of the cost and chronology of traditional satellites is a transformational change in space technology.”
Based in Colorado, Albedo was founded in 2020 by the CTO Ayjay Lasater and CEO Topher Haddad, who both worked at Lockheed Martin, as well as CPO Winston Tri, a former Facebook software engineer.
The imagery of Alledo is so clear that it has raised problems of dystopian confidentiality concerning the use of satellites to follow the people of space.
“This is a giant camera in the sky so that any government can use our knowledge at any time”, ” Jennifer Lynchsaid the lawyer general of the Electronic Frontier Foundation at the New York Times last year. “We should certainly be worried.”
Haddad told Times that he was “very aware of the implications of privacy”, and Albedo’s technology will imagine people but cannot identify humans.
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