Astraea Inc., a Charlottesville company behind a software-as-a-service platform that utilizes satellite insights to help customers across several industries, has raised $6.5 million in an oversubscribed Series A round.
The new funding is led by Aligned Climate Capital, a bicoastal investment firm focused on companies decarbonizing the economy, and Earlysville, Virginia’s Carbon Drawdown Collective. Other participants in the round include University of Virginia nonprofit network CAV Angels; Vero Beach, Florida’s Tydall Investment Partners; and a return investment from the University of Virginia Seed Fund.
Astraea said in an announcement Aligned’s lead investment is for $3 million. Astraea reported 15 total investors in the round, according to a Securities and Exchange Commission filing.
Astraea says its platform, called EarthAI, uses geospatial data from more than 1,000 satellites to address climate change. The platform produces satellite insights using artificial intelligence,…
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