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Unseenlabs Secures $92M in Fundraising for Maritime Surveillance Constellation

By Abbey Weltman | February 27, 2024

A rendering of an Unseenlabs satellite. Photo: Unseenlabs

Unseenlabs, a France-based detection and geolocation company that specializes in maritime surveillance, closed on its latest financing round of 85 million euros ($92 million), the company announced Tuesday. New investors Supernova Invest, ISALT, and UNEXO led the funding round.

The company provides maritime surveillance from space with its constellation of satellites dedicated to detecting radio frequency signals from ships. The Unseenlabs constellation currently consists of 11 satellites in orbit. The company plans to deploy an additional 10 satellites by the end of 2025. Unseenlabs is launching two new satellites next month, BRO-12 and BRO-13, on the SpaceX Transporter-10 mission.

The additional funding will be allocated to several new initiatives.These include: launching new satellites; strengthening the company’s international presence in American and Asian markets; deploying new products and solutions; consolidating activity in private sector segments such as oil and gas, insurance, shipowners, economic intelligence, and offshore energy; and recruiting new talent. 

Unseenlabs has raised a total of 120 million euros ($130 million) since it was founded in 2015. 

“This funding will allow us to accelerate our growth, particularly by developing new solutions and strengthening our presence in the private sector. We have the means to achieve our ambitions and are excited to continue this journey with our historical partners while welcoming new ones,” said Clément Galic and Jonathan Galic, co-founders of Unseenlabs. 

All of Unseenlabs’ historical partners — 360 Capital, OMNES, Bpifrance, Breizh Up and S2G Ventures — also invested in the new funding round.