AUSTIN, TX, Albedo, a company developing low-flying satellites, announced a $48M Series A financing round co-led by Breakthrough Energy Ventures and Shield Capital.
Albedo, a company developing low-flying satellites that will deliver ultra high resolution images, announced a $48M Series A financing round co-led by Breakthrough Energy Ventures and Shield Capital, bringing the company’s total funding to $58M in less than two years since inception.
Participation in the round included new investors Republic Capital, Giant Step Capital, and C16 Ventures, along with existing investors Initialized Capital, Joe Montana’s Liquid 2, Kevin Mahaffey, and other undisclosed participants.
Albedo is developing very-low-earth-orbit (VLEO) satellites that will co-collect 10 centimeter (cm) optical imagery and 2 meter thermal infrared imagery. The resolution of Albedo’s imagery is unprecedented in the commercial market and will enable applications that have been limited by lower resolution satellites or operational limitations of imagery collected from planes.
Albedo seems to be an amazing startup. congratulations on the funding and my best wishes to the entire team.
Shishir Gupta CEO & Founder of startuplanes
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