Paris-based climate and energy data analytics company Kayrros has raised €40 million in funding.
The round saw the participation of the French government (acting through French Tech Souveraineté), European Investment Bank (EIB), NewSpace Capital, Opera Tech Ventures, the VC arm of BNP Paribas group, and Kayrros’ historical investors.
The startup, which focuses on the geospatial monitoring industry essential for addressing the climate crisis, has raised €72 million since its inception in 2016.
The latest funding comes as a part of the initiative of the French government to steer next-generation satellite intelligence to drive the space economy. France 2030 intends to devote a total of €1.5 billion to enable within five years a French reusable launcher, new participants in the space industry, and greater connectivity constellations.
The funds will support the platform’s geospatial detection technologies, which analyze satellite images and other data to assess the climate impacts resulting from economic activity.
Its measurements help private and public sector organizations manage climate risks, implement low-carbon transition strategies, achieve critical sustainability goals, and transparently communicate their progress.
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