"The satellite was working fantastically, the data was great and the customers were super-excited. To trip up now is deeply frustrating but we've proved the principle and that puts us in a really strong position for the future," said Anthony Baker, highlighting the challenges and resilience of the company.
Baker emphasized that the investment would help SatVu accelerate its mission to deliver 'unparalleled thermal insights' that empower industries and governments to take 'decisive climate action.' This positions the startup as crucial in addressing climate issues.
The funding will propel the launch of two new satellites in its HotSat constellation, scheduled to liftoff next year, which aim to enhance their thermal imaging capabilities significantly.
With its technology being dubbed 'the world's thermometer,' SatVu aims to provide near real-time heat maps of the Earth's surface, indicating a strong focus on climate monitoring and intervention.
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