Hydrosat: Raises $5M in Seed Funding

Hydrosat Raises $5M in Seed Funding

  • Hydrosat, a Washington, DC-baed company creating an infrared satellite constellation, raised $5m in seed funding
  • The round, which brought the total raised to date to over $10m, was led by Cultivation Capital
  • The company is a data analytics company that uses thermal infrared imagery to provide insights for commercial and government customers
  • The company is flying a multi-spectral and thermal infrared mission with Loft Orbital on a SpaceX Falcon 9 in 2022
  • The platform has contracts with the European Space Agency, US Air Force, and Department of Defense
  • With the new investment, the company is adding three space industry veterans to the company’s board, including Lori Garver, Andy Dearing, and Ryan Johnson
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Trump Calls on Congress to Cap Credit Card Rates

The former president urges lawmakers to limit high interest rates amid economic concerns.Highlights: Trump advocates for capping credit...

GuavaPay’s Founder Resigns Amid Mastercard Court Battle

Founder steps down as legal issues with Mastercard escalate.Highlights: GuavaPay founder resigns due to court case with Mastercard.Mastercard...

Mastercard Challenges Guavapay as Founder Resigns

Guavapay's legal battle with Mastercard unfolds amid leadership changes.Highlights: Guavapay founder resigns amid ongoing lawsuit with Mastercard.Mastercard has...

Zepz Expands Business by Acquiring Pomelo International

The acquisition aims to diversify Zepz's services beyond remittances.Highlights: Zepz acquires Pomelo International to diversify offerings.The deal aims...