Satellite Vu raise £3.6m to launch thermal imaging satellite
Satellite Vu has raised a £3.6m (US$5m) seed round led by Seraphim Capital to the ‘world’s first satellite constellation capable of imaging the thermal footprint of any building on the planet every 1-2 hours.’
The London-based company was founded to bring satellite technology to address our global challenges and is taking a different approach by focusing on infrared and heat emissions, which are crucial for industry and climate change monitoring.
Anthony Baker CEO of Satellite Vu said: “The lessons learnt from the pandemic were: test, test, test; in the climate change challenge we need to measure, measure, measure. Satellite Vu’s technology is the best satellite system, by far, to measure the temperature of buildings, globally, consistently and recurrently with multiple revisits per day.”
World's first thermal imaging satellite constellation
Satellite Vu’s constellation of miniaturised satellites will use high-resolution infrared cameras to collect temperature data day and night about both the natural and built environment. According to Satellite Vu, it is less than 1/10th of the size and cost of other infrared imaging satellites, and it is unique in being able to measure the heat signature of any building anywhere multiple times a day.
The temperature data Satellite Vu collects can quickly pinpoint the worst energy-wasting buildings, enabling the identification of buildings that would benefit from investment in energy efficiency. “This ground-breaking and timely technology will, for the first time, allow the government and the public to make better and informed decisions on which buildings are a priority to upgrade,” said Mr Baker.
James Bruegger, the Managing Partner of Seraphim Capital, said: “We believe that high-resolution infrared satellite data holds enormous promise for positively impacting the world. A combination of poor resolution, high cost, and infrequency of data capture has held back the application of this high-impact dataset for decades. We’ve backed Satellite Vu because it alone has the technology to address all these issues and make high resolution infrared the next major category of Space data.”
The seed round was multiple times oversubscribed, and supported by A/O PropTech, Ridgeline Ventures, the Earth Science Foundation, E2MC Ventures and Stellar Solutions.
Satellite Vu has been backed by the UK Space Agency through its National Space Innovation Programme (NSIP) to support the build of the infrared sensor for its first satellite and has also partnered via the SPRINT programme with the University of Surrey to evaluate the utility of infrared observations in the maritime domain. The newly announced funding round will enable Satellite Vu to initiate the construction of its first satellite that is due to launch in 2022.
(Image: Satellite Vu)
KX and Microsoft partner to scale up real-time analytics
, a data analysis software developer and vendor, it has become a Microsoft Partner. The two companies are working together to build a long-term technical and go-to-market roadmap to enable companies to rapidly scale up their real-time analytics and decision-making capabilities.
This announcement has followed the launch of KX Insights, which is a cloud-first platform for streaming analytics that fully leverages the benefits of cloud architecture natively to deliver fast, scalable real-time data insights via the .
“KX Insights takes full advantage of the Microsoft Azure platform to deliver the optimal performance while maintaining interoperability with existing processes and data,” Gerry Buggy, Chief Strategy Officer at KX.
“Together with Microsoft, we are offering a streaming analytics solution that is fast, secure, and flexible. It’s a game-changer for firms looking to drive operational and commercial performance through real-time analytics.”
KX Insights has been built to leverage vast amounts of real-time data in a scalable and easy-to-use manner. It has been benchmarked as the fastest in the industry to independent STAC benchmarks. The platform also operates on Amazon AWS and Google Cloud, plus on all public and private clouds and on-premises too where required.
Moving to the cloud
The recent found that 92% of respondents reported having a multi-cloud strategy. 82% are taking a hybrid approach, combining the use of both public and private clouds. More than half of respondents use the cloud heavily and have reached the advanced cloud maturity level. 21% of organisations are at the intermediate maturity level, and 19% are beginners.
The report showed that many of the advantages delivered by the cloud have proven to be especially valuable as organisations adapted over the past year to meet the rapidly evolving needs of businesses.