Charlottesville satellite imaging and data analytics company Astraea expects to see significant growth over the next 12 months after raising a $6.5 million Series A round, according to Sara Eden, head of revenue at the company.
Astraea was founded in 2016 by CEO Brendan Richardson, CTO Daniel Bailey and Head of Engineering Simeon Fitch. The company has established partnerships with major satellite companies and sells satellite imaging time to companies and nongovernment agencies. Astraea either provides data analytics on the images or lets clients conduct their own analysis. It sells software-as-a-service packages based on a client’s specific needs.
Astraea focuses on the real estate, renewable energy, agriculture and conservation finance sectors.
Eden said the founders realized that a need existed in the marketplace for access to real-time satellite images and analytics built around those images.
“Satellite imagery is extremely complex and very challenging to incorporate into…
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