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Satellite Vu funds thermal satellite to monitor energy waste

Paris, 23 April 2021. – The UK startup Satellite Vu raised €4.16 million to launch “the world’s first satellite constellation capable of imaging the thermal footprint of any building on the planet every 1-2 hours”, the company said.

The seed round was led by Seraphim Capital.

The funding round will enable Satellite Vu to initiate the construction of its first satellite that is due to launch in 2022. Satellite Vu wants to use high-resolution infrared cameras to collect temperature data day and night about both the natural and built environment.

The startup claims to be “unique in being able to measure the heat signature of any building anywhere multiple times a day”.

“This capability is a game-changer in the global quest to achieve net-zero emissions, opening up for the first time the potential to monitor in near real-time everything from the energy being wasted by poorly insulated buildings, through to measuring economic activity by observing how many shifts a factory is operating and how much energy a power station is generating”, Satellite Vu says.

The seed round was also supported by A/O PropTech, a venture capital firm, Ridgeline Ventures, the Earth Science Foundation, E2MC Ventures and Stellar Solutions, the company said.

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