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SatVu received £30M (€34.5M) in funding with backing from the NATO Innovation Fund and the British Business Bank.
SatVu confirmed the first close of its latest funding round.
The UK Space Agency supported SatVu through its National Space Innovation Program.
The new capital from SatVu’s latest funding round is expediting development of HotSat-3.
SatVu enhanced a two-year product roadmap that includes building out features on the SatVu Platform and projects to deliver AI-driven insights.
SatVu is developing analytics-ready data products based on insights from the HotSat-1 mission.
Anthony Baker is CEO and Co-Founder of SatVu.
SatVu completed the pathfinder HotSat-1 mission.
SatVu will deliver medium wave infrared imagery under the initial tranche of NRO commercial awards.
SatVu raised £30 million ($40.7 million) to accelerate deployment of its HotSat constellation and to meet market demand.
SatVu launched a satellite called HotSat-1 to orbit in 2023.
SatVu is a UK-based thermal imaging company.
Anthony Baker is the CEO of SatVu.
SatVu is using the new capital to buy long lead-time components for its imaging payload.
The NATO Innovation Fund, the British Business Bank, Space Frontiers Fund II, and Presto Tech Horizons provided new investor capital to SatVu's funding round.
SatVu has two launches on the books for 2026.
Molten Ventures, Adara Ventures, Ridgeline Ventures, Noa, Lockheed Martin, Seraphim Space Fund, and Stellar Ventures are existing investors in SatVu who contributed funds in the round.
SatVu’s total equity financing is £60 million ($81.4 million).
SatVu plans to fund future HotSat deployments with a mix of revenue and later funding rounds.
Demand for SatVu’s thermal imagery has grown across defense, economic monitoring, and climate applications since HotSat-1 launched.