Urban Sky is a groundbreaking startup that has developed the Microballoon™, the world's first precisely placeable stratospheric balloon, revolutionizing remote sensing. Their innovative technology leverages component miniaturization and material re-usability, drastically reducing the cost of high-resolution remote sensing over broad, targeted areas. This allows for more impactful data collection than ever before. The Microballoon™ is a reusable stratospheric balloon with the ability to image specific areas at desired times, previously not possible with stratospheric balloons. Additionally, it is zero-emission, making it the most sustainable way to image the planet. Urban Sky's approach to remote sensing from the stratosphere combines the advantages of space-based assets and lower altitude airborne vehicles, allowing for cost-effective data collection over vast areas with aerial quality resolution. The company recently secured a significant $9.75M Series A investment on 16 October 2023 from a cohort of prominent investors including Lerer Hippeau, Catapult Ventures, TenOneTen Ventures, UNION Labs Ventures, Lavrock Ventures, New Legacy Ventures, and DA Ventures. With its transformative technology and substantial financial backing, Urban Sky is poised to disrupt the remote sensing industry and unlock the full commercial potential of the stratosphere.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A | $9.75M | 7 | 16 Oct 2023 | |
Non Equity Assistance | Unknown | 1 | 31 Jul 2023 | |
Grant | $254.69K | 1 | 29 Dec 2021 | |
Seed Round | $4.10M | 5 | 19 Aug 2021 | |
Seed Round | $1.04M | 3 | Plug and Play Insurtech | 24 Sep 2020 |
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