Berlinbased liveeo 19m mmc ventures serieslundentechcrunch
Berlinbased liveeo 19m mmc ventures serieslundentechcrunch LiveEO, the Berlin-based satellite whizzes, just cashed in on 19 million euros (that’s roughly $19.34 million) in fresh funding! Now, you might be thinking, “What do they do with all those satellites?” Well, let me break it down for you in a way that won’t send you orbiting into space yourself.
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Berlinbased liveeo 19m ventures serieslundentechcrunch
They’ve got this nifty product, an infrastructure monitoring suite that uses pictures from satellites way up there. But hold on, they’re not just admiring the view; they’ve got some AI magic up their sleeves.
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They crunch these satellite images with artificial intelligence, and voila! They can tell the folks in charge of railways, power lines, and pipelines about any trouble on the horizon.
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Well, it was spearheaded by MMC Ventures, who tossed in a whopping 17 million euros of venture capital. But wait, there’s more!
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The European Commission and Investitionsbank Berlin also chipped in some funds. And guess what, the gang’s all here – all the folks who already believed in LiveEO are still rooting for them.
Berlinbased liveeo 19m mmc ventures serieslundentechcrunch
Dieter von Holtzbrinck Ventures (DvH Ventures), Helen Ventures, Matterwave, and motu ventures are all in. Plus, they’ve got some new buddies joining the party: Segenia Capital and Hannover Digital Investments (HDInv), right alongside MMC.
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He says, “It is exciting to see that our vision, as well as our execution so far, has attracted interest and investment from both top-tier venture capital firms as well as the public sector.”
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In simpler terms, people are excited about what they’re doing and are willing to invest their hard-earned cash. He also adds that they want to use those space images to help out the whole world and make things more human-friendly. This funding round is like a rocket boost toward that dream.
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So, there you have it, LiveEO – keeping an eye on the world from way up there, and they’ve got the cash to keep doing it. Let’s hope they find some intergalactic laughs along the way!
