LiveEO, a Berlin, Germany-based supplier of satellite tv for pc analytics, raised €19M in funding.
The spherical was led by MMC Ventures and consists of €17M of enterprise capital, in addition to additional funds from the European Fee and Investitionsbank Berlin. Present shareholders participated within the spherical, together with Dieter von Holtzbrinck Ventures (DvH Ventures), Helen Ventures, Matterwave, and motu ventures. Segenia Capital and Hannover Digital Investments (HDInv) have joined the spherical as new traders alongside MMC.
The brand new funds will speed up the corporate’s world market growth for its infrastructure monitoring merchandise and fund entry into new markets similar to insurance coverage.
Led by Daniel Seidel and Sven Przywarra, LiveEO supplies an infrastructure monitoring suite powered by satellite tv for pc imagery. The corporate makes use of synthetic intelligence to analyse Earth Remark knowledge, and offers operators of railways, energy traces and pipelines actionable info on the chance posed by vegetation, floor deformations, or third events. The software program permits prospects to optimize the upkeep packages of core infrastructure property, making them resilient to local weather change.
Since its €5.25M Collection A spherical in 2021, LiveEO has greater than doubled its headcount, tripled its income, signed new prospects throughout 5 continents, and strengthened its market-leading place in infrastructure monitoring.