Satellogic raises $27M for affordable, high-resolution imaging satellites

Space tech company Satellogic has raised $27 million in a Series B round led by Chinese internet giant Tencent, and with participation by CrunchFund( disclosure: co-founded by TechCrunch founder Michael Arrington ). The company also launches its sixth micro-satellite into orbit on June 15, aboard a Long March-4B rocket that took off from Jiuquan Satellite Launch Center.

What Satellogic offers thats unique is affordable, high-resolution imaging in a micro-satellite platform, with the ability to capture photo data of the Ground at 1 meter resolution. By comparing, Planets constellations of 142 satellites offers imagery at resolves ranging from less than 1 meter to up to five meters.

Satellogics products also carry hyperspectral imaging, with 30 meter spatial resolve from orbit, something the company tells is unmatched when is comparable to any currently orbiting satellites serving commercial or scientific missions. Hyperspectral imaging captures datum from across the electromagnetic spectrum, which can help with prospecting for mineral and oil deposits, for example. It can also help with monitoring forestry, weather forecasting and climate change monitoring.

Founded in 2010, Satellogic created a Series A round in 2015, also led by Tencent. Smallsats or CubeSats are a growing business, and should only become more interesting to commercial clients as costs from launch providers continue to drive down thanks to growing global competition.

Make sure to visit: CapGeneration.com