Spains Xoople raises $130 million Series B to map the Earth for AI | TechCrunch
News Source : TechCrunch
News Summary
- Xoople is developing a satellite constellation to collect precise data aimed at deep learning models.
- The startup was founded in 2019 and has spent the last seven years developing its tech stack around data collected by government spacecraft.
- CEO and co-founder Fabrizio Pirondini told TechCrunch that the company has closed a $130 million Series B led by Nazca Capital.
- The company also announced Monday a deal with U.S. space and defense contractor L3Harris Technologies to begin building sensors for Xoople’s spacecraft.
Space data companies have argued for years that the private sector needs their products, but the real uptake has been from government buyers. Now, with artificial intelligence top of mind for busines [+3238 chars]
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