Wed. Nov 30th, 2022

Capella Space Closes $97M Series C Financing

Capella Space, a San Francisco, CA-based earth observation company, raised $97M in Series C financing.

The round was led by NightDragon, with participation from existing investors DCVC and Cota Capital.

Led by CEO Payam Banazadeh, Capella Space is an information services company that provides on-demand 50cm high-resolution synthetic aperture radar (SAR) Earth observation imagery. Through a constellation of small satellites, Capella provides access to frequent, timely, and flexible information affecting dozens of industries worldwide. Its SAR (synthetic aperture radar) sensors are deployed across its seven satellites in orbit today, with more satellites ready to launch across 2022 and 2023. This constellation can penetrate all weather conditions – clouds, fog, smoke, rain – and capture clear imagery 24-7, day and night, providing unparalleled insight into what is happening anywhere on the globe at any given moment.

The Capella Console, the company’s self-serve, automated satellite tasking platform, enables customers to request and download images and, if desired, analytic work product, directly without any human intervention.

This funding will enable the company to bolster its advanced analytics capabilities and integrate new automated, intelligent data offerings directly within the Capella Console. With integrated insights, customers can make informed decisions and act more quickly with greater confidence on matters of life and death importance. Recently, Capella launched three new integrated analytics capabilities for Vessel Detection, Change Detection and Global Change Monitoring. The company will also dedicate resources to launching its next generation of satellites with an enhanced design and improved resolution, quality, imaging capacity and delivery capabilities, reinforcing its position as the industry leader in high-performance commercial SAR intelligence from space.

FinSMEs

25/04/2022

SOURCE https://www.finsmes.com/2022/04/capella-space-closes-97m-series-c-financing.html

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