LiveEO Secures €25M in Series B to Enhance Satellite Data Insights for Climate Risk Management
LiveEO is dedicated to transforming how companies monitor and manage environmental and climate-related risks using cutting-edge satellite technology and AI.
Company Name: LiveEO
Location: Berlin, Germany
Sector: Technology, Artificial Intelligence
Funding Details: Raised €25M in Series B funding. The round was led by NordicNinja and DeepTech & Climate Fonds (DTCF), with continued support from existing investors such as MMC Ventures, Dieter von Holtzbrinck Ventures (DvH Ventures), Helen Ventures, Matterwave, motu ventures, Segenia Capital, Hannover Digital Investments, and others.
Purpose of Investment: To accelerate the development of its satellite data solutions, expand its team, and enhance capabilities.
Leadership: Founded in 2018 (Founders not specified in provided information).
Product: LiveEO leverages high-resolution satellite data and proprietary AI algorithms to provide actionable insights that help critical infrastructure operators manage climate risks and resilience. The platform utilizes advanced satellite technologies, including multispectral and Synthetic Aperture Radar (SAR), to deliver detailed analytics. These insights enable businesses to detect and respond to extreme weather events, deforestation, and other environmental risks like vegetation encroachment on power lines or ground deformation near railways, in near real-time.
About Company: LiveEO is dedicated to transforming how companies monitor and manage environmental and climate-related risks using cutting-edge satellite technology and AI. The platform aids in reducing carbon footprints, ensuring regulatory compliance, and enhancing climate resilience. LiveEO supports a global customer base, including users in Europe, the US, Japan, and Australia, helping them to detect critical events in real time and engage in predictive monitoring and management of environmental risks.