Urban Sky, a leading stratospheric technology and remote sensing company, has successfully closed an oversubscribed $9.75 million Series A financing round. The round was co-led by New Legacy Ventures, Lerer Hippeau, and Lavrock Ventures, with participation from Catapult Ventures, Union Labs VC, DA Ventures, and TenOneTen Ventures.
This funding infusion will fuel the company’s efforts to scale its commercial imaging operation, advance its stratospheric technology, and expand its sensor portfolio.
Innovation in Remote Sensing: Pioneering Microballoon™ Technology
Urban Sky has pioneered groundbreaking technology with its invention of the Microballoon™, a small, precisely placeable, fully reusable, and rapidly deployable remote sensing balloon. Unlike traditional stratospheric balloons, Urban Sky’s Microballoon™ enables reliable, high-resolution remote sensing due to its small form factor and mobile launch capability. This technology allows for precise placement over desired areas, facilitating high-quality remote sensing data collection.
Unlocking Stratospheric Insights: Expanding Applications and Accessibility
The company plans to utilize this funding to scale its flight and imaging operation across more than 15 U.S. states, expanding its commercial applications. Urban Sky’s technology has diverse applications, including insurance analytics, utilities monitoring, disaster response, wildfire monitoring, and environmental analysis. The high-resolution remote sensing data collected above urban centers and environmental areas of interest will provide valuable insights to customers.
Sustainable and Green Technology: A Greener Way to Image Earth
One of the standout features of Urban Sky’s technology is its eco-friendly approach. The Microballoon™ emits over 25 times less CO2 than remote sensing aircraft, making it one of the most environmentally friendly methods for capturing Earth’s surface at high-resolution. This commitment to sustainability aligns with the company’s vision of utilizing the stratosphere for various applications while minimizing its environmental impact.
Visionary Leadership: Experienced Founders and Key Collaborations
Urban Sky’s co-founders, CEO Andrew Antonio and CTO Jared Leidich, bring significant expertise in stratospheric flight technology and applications. Collaborations with partners like New Legacy Ventures, Lerer Hippeau, and Lavrock Ventures emphasize the industry’s recognition of Urban Sky’s pioneering solutions. The company’s expansion plans and focus on delivering actionable insights from the stratosphere position it as a leader in the evolving remote sensing landscape.
Partnering for Progress: Empowering Earth Observation with Urban Sky
Urban Sky’s successful Series A funding round marks a significant milestone for the company and the remote sensing industry. By leveraging stratospheric technology, the company aims to provide unparalleled access to Earth’s insights, empowering various sectors with actionable data. Through strategic partnerships, visionary leadership, and innovative technology, Urban Sky is shaping the future of remote sensing and environmental analysis, revolutionizing how we perceive and understand our planet from above.
