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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.
SatVu provides high-resolution thermal imagery from space that reveals day-and-night heat signatures associated with operations inside and around buildings and critical infrastructure.
SatVu closed a £30 million ($40 million) funding round, bringing its total equity funding to £60 million ($80 million).
Anthony Baker is co-founder and CEO of SatVu.
HotSat-4 and HotSat-5, along with long-lead elements of HotSat-6, are under contract with SatVu.
SatVu indicated that HotSat-4 and HotSat-5, together with long-lead elements of HotSat-6, are under contract.
SatVu provided hyperspectral imagery of Bandar Abbas Port in the Strait of Hormuz in Iran.
SatVu aims to deliver a sovereign thermal capability designed to operate at scale.
On 17 February SatVu secured an additional £30 million in funding to move from a single-satellite demonstration to execution of a multi-satellite constellation.
The additional £30 million brought SatVu’s total funding to £60 million.
SatVu launched its first satellite, HotSat-1, aboard a SpaceX Falcon 9 in June 2023.
SatVu has two satellites planned for orbit in 2026 and an additional three satellites initiated under contract as part of a multi-satellite constellation plan.
SatVu closed a £30 million funding round as it prepared to deploy a pair of satellites into orbit.
SatVu is a London-headquartered thermal infrared Earth observation data provider.
SatVu closed the new funding round on Feb. 17.
SatVu is a U.K.-based thermal intelligence company.
In May 2024 SatVu contracted UK-based Surrey Satellite Technology Ltd to build HotSat-2 and HotSat-3.
SatVu lists national security as one of its technology’s potential applications while focusing on economic monitoring and climate resilience rather than making a major pivot toward defence.
SatVu's thermal imagery can identify when water coolant systems are in use at data centers.