Thursday, September 29, 2022

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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

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