Hyperspectral imagery from SatVu of the Bander Abbas Port, located in the Strait of Homuz in Iran. Photo: SatVu

SatVu has closed a 30 million pound ($40 million) funding round bringing its total equity funding to 60 million pounds ($80 million). The U.K.-based thermal intelligence company has two satellites planned for orbit in 2026 and an additional three initiated under contract, mapping a path to deliver a multi-satellite constellation. The company announced the new funding round, Feb. 17.

The funding round completes with a strategic investment from the NATO Innovation Fund (NIF), together with British Business Bank, Space Frontiers Fund II (with SPARX Asset Management Co. Ltd. as the Fund Manager), and Presto Tech Horizons. SatVu raises this fund as it works to scale toward persistent, sovereign-relevant thermal intelligence.

HotSat-2 and HotSat-3 are planned for orbit in 2026, while HotSat-4 and HotSat-5, along with long-lead elements of HotSat-6, are now under contract, locking in the critical path to constellation delivery. SatVu aims to deliver a sovereign thermal capability designed to operate at scale.

“SatVu was founded to give governments access to intelligence they cannot access elsewhere. High-resolution thermal imagery from space reveals activity that is otherwise invisible – day and night – including heat signatures associated with operations inside and around buildings and critical infrastructure. This allows governments to assess activity, readiness, and operational change – a critical new data layer that matters for defence, security, and sovereign decision-making,” Anthony Baker, co-founder and CEO of SatVu, said in a statement.