SkyWatch Raises $7.5M in Series A Financing Round
SkyWatch Space Applications, a Canadian space technology startup, has completed a $7.5 million Series A round of financing. SkyWatch aims to provide companies with affordable and reliable access to Earth observation satellite data.
Bullpen Capital led the investment round with participation from existing investors, Space Capital, Golden Ventures, Techstars Ventures, SK Ventures, and Angel Round Capital, along with new investors BDC Industrial, Clean, and Energy Technology Venture Fund. Skywatch says its roster of clients grew more than 10x this year, a sign of the appetite for Earth Observation data from the private sector.
“SkyWatch is a special satellite company which should broaden the market for satellite images by making it easy and fast to schedule image capture,” Duncan Davidson, General Partner at Bullpen Capital said.
The company is also launching TerraStream, a new product designed to provide satellite launch companies with an integrated data storage, cataloging, ordering, processing, and delivery solution with the aim of serving customers faster, with less operational and financial risk.