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NATO Fund Backs UK Firm's Thermal Satellite Tech
17 Feb
Summary
- SatVu raised 30 million pounds in new funding.
- NATO Innovation Fund is a key investor in SatVu.
- Thermal imagery reveals invisible activity from space.
British firm SatVu, a leader in high-resolution thermal satellite imagery, has successfully raised 30 million pounds ($40.8 million) in a new funding round. The investment includes crucial support from the NATO Innovation Fund (NIF), alongside the British Business Bank and other venture capital firms. This capital injection boosts SatVu's total equity investment to 60 million pounds, enabling strategic expansion.
SatVu's technology provides governments with intelligence capabilities previously unattainable. Its satellites capture thermal data, revealing day and night activity, including heat signatures from critical infrastructure and operational sites. This advancement positions SatVu at the forefront of space technology development, particularly as nations like the U.S. and Europe enhance their satellite capabilities.
