Luxembourg earth observation scale-up Hydrosat has raised $60M in Series B funding to expand overseas, and develop its constellation and products.
Founded in 2017, the company uses thermal satellite imagery and AI-powered analytics to track water use, predict crop yields, and reduce greenhouse gas emissions, services that are increasingly important as water scarcity reshapes agricultural and economic systems worldwide.
The latest funding round, led by Hartree Partners Technology Investment Business, Subutai Capital Partners, and Space 4 Earth, with new investment from Truffle Capital, helps the firm respond to a growing demand for thermal intelligence and water resource management solutions.
“We’re seeing remarkable momentum behind Hydrosat’s mission,” said Pieter Fossel, CEO and co-founder of Hydrosat. “This new funding underscores the company’s sustained growth and positions us to meet the increasing demand for intelligent solutions to some of society’s most complex challenges in national security and natural resources.”
Hydrosat has two thermal infrared satellites in orbit, capable of capturing imagery from more than 10 million square kilometres per day. The data is analysed through advanced AI and machine learning models, making it easier for clients to gain insights.
Currently, its clients include NOAA, NRO, Bayer, SupPlant, and Nutradrip.
Hydrosat is increasingly expanding into the defence and national security market by positioning its technology as a valuable intelligence and operational tool for military customers.
The funding round, which includes follow-on investment from the Luxembourg Future Fund, OTB Ventures, Blue Bear Capital, Statkraft Ventures, Cultivation Capital, and Santa Barbara Venture Partners, enables Hydrosat to deepen its presence in Central Asia, MENA, India, and Latin America. It also supports the company in scaling its thermal satellite fleet, with advanced next-generation imaging systems, and expanding its Water Crop management solutions.
“Hydrosat’s data is rapidly becoming essential infrastructure for managing water resources. By providing continuous, regional or field level, insights into irrigation patterns and best practices the company gives governments, agribusinesses, and communities the clarity they need to build resilience,” said George Potts, Head of Hartree Partners.
