Albedo, a Denver, CO-based company offering aerial quality imagery from space, raised $35M in Series A-1 funding.
The round, which brought the total amount to $97M, was led by Standard Investments, with participation from Booz Allen Ventures, Cubit Capital, Bill Perkins, Breakthrough Energy Ventures, Shield Capital, Initialized Capital, Y Combinator, Giant Step Capital, Republic Capital, and others.
Commenting on the news, Topher Haddad, CEO of Albedo, said: “The Series A-1 funding will be used to launch Albedo’s first operational satellite and accelerate constellation deployment — ultimately proving out and proliferating the world’s first high-res VLEO platform.”
Albedo builds VLEO satellites that collect visible and thermal imagery at the highest resolution commercially available. Once launched, the company will operate the satellites to provide imagery-as-a-service to industries including agriculture, insurance, energy, mapping, utilities, and defense. The constellation under development will co-collect native 10 centimeter (cm) optical imagery and 2 meter thermal infrared imagery, the same resolutions that can only be obtained today by drones/planes, but now at a global scale with on-demand coverage at high frequency.