Earth Observation Startup LiveEO secures EUR 5.25m to accelerate global expansion

LiveEO, News

6th April 2021

LiveEO, an Earth Observation asset monitoring startup based in Berlin, has closed an investment round co-led by btov Partners and Helen Ventures, and with DvH Ventures, and Motu Ventures as well as deep tech investor Andreas Kupke and one of the most renowned investors from the Silicon Valley tech ecosystem participating.

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, Bayernwerk, Tensio TS AS snd pipeline operators such as Gascade (Germany).

The Series A investment of EUR 5.25m allows LiveEO to further accelerate the development of their market leading infrastructure monitoring solution as well as their international expansion.

Congratulations to co-founders Daniel Seidel and Sven Przywarra and the rest of the team and welcome to the btov Portfolio!

Read more in the official press release here (German) or here (English).

 

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