Hydrosat, a Luxembourg- and U.S.-based provider of thermal infrared satellite data and AI-powered analytics, said it has raised €51 million ($60 million) in a Series B funding round to accelerate expansion across commercial, civil government and defense markets.
The round was led by Hartree Partners, Subutai Capital Partners and Space 4 Earth, with new participation from Truffle Capital. Existing investors including the Luxembourg Future Fund, OTB Ventures, Blue Bear Capital, Statkraft Ventures, Cultivation Capital and Santa Barbara Venture Partners also took part. The total includes core Series B financing and additional equity investments.
“We’re seeing remarkable momentum behind Hydrosat’s mission,” said Pieter Fossel, chief executive and co-founder of the company. “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.”
Founded in 2017, Hydrosat operates thermal infrared satellites combined with artificial intelligence to generate high-frequency, decision-grade insights for agriculture, water management, insurance and defense customers. The company said it currently monitors millions of acres worldwide for organisations including the U.S. National Oceanic and Atmospheric Administration, the National Reconnaissance Office and agribusiness clients such as Bayer.
Hydrosat said its two satellites in orbit now collect more than 10 million square kilometres of imagery per day, with machine-learning models enhancing analysis of crop health, irrigation efficiency, drought risk and water usage. The company’s temperature-based data is also used by defense and intelligence agencies to detect activity and change on the ground.
“Hydrosat’s data is rapidly becoming essential infrastructure for managing water resources,” said George Potts, head of technology investment at Hartree Partners, adding that the platform enables governments and agribusinesses to improve resilience amid rising water scarcity.
The funding comes amid strong investor interest in European Earth observation and space intelligence companies. Recent deals tracked by EU-Startups include funding rounds for satellite imaging, in-orbit servicing and AI-driven geospatial analytics firms across Italy, Germany, France and Spain.
Hydrosat said the new capital will be used to expand its global footprint, with a focus on Central Asia, the Middle East and North Africa, India and Latin America, while scaling its thermal satellite constellation and further developing its water and crop management products.
