Thursday, June 17, 2021

Hydrosat Scores $5M

Hydrosat, a space startup which got its start out of the Techstars Starburst Space Accelerator in Los Angeles, has raised $5M in a funding round, the company disclosed this morning. The funding was led by Cultivation Capital's Geospatial Technologies Fund, and also included Freeflow Ventures, the Yield Lab, Expon Capital, Techstars, Industrious Ventures, Synovia Capital, and the University of Michigan. The company is developing satellites that have thermal infrared sensors, and will provide data for agricultural uses, as well as detecting wildfire, water stress, drought, and other info. The company's former CEO, Jakob vanZyl, was based in Los Angeles, but passed away last year. The company is now led by co-founder Pieter Fossel, and has its headquarters in Washington, DC.