The funding round strengthens LiveEO’s sales development and expansion into new markets.
LiveEO analyzes satellite imagery with artificial intelligence to monitor infrastructure grids such as railways, electricity grids or pipelines and enables the operators of these assets to save operational expenses and improve performance.
Currently, LiveEO can count more than 30 grid operators from all over the world as their customers including Deutsche Bahn (Europe’s biggest railway operator), electrical grid operators such as multiple E.ON subsidiaries including e.dis, Bayernwerk (Germany), Tensio TS AS (Norway), E-Redes (former EDP, Portugal) and pipeline operators such as Gascade (Germany).
“Over the last 3 years we’ve built up a unique technology stack to analyze earth observation data at scale and we now can realize many new revolutionary features on the basis of this tech backbone.”