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Spottitt Chosen for Newchip’s Seed-Stage Global Accelerator Program

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Spottitt’s digital inspection solution for critical assets is among the top applicants selected for Newchip’s exclusive accelerator. The accelerator has helped over 1,500 founders from more than 50 countries and 250 cities raise over $450 million in funding with an estimated portfolio of over $9 billion.

Newchip evaluates a vast and diverse number of seed-stage companies from around the globe, selecting only a small percentage to be part of the Seed Accelerator program. Spottitt successfully went through a careful vetting process of both the business model and the founders. 

Spottitt is on a mission to make satellite analytics the norm for infrastructure owners worldwide, to monitor every cm of their assets at scale in a near real-time and sustainable way. In the last 18 months, Spottitt has delivered PoC’s with 19 new customers, among which three Fortune 500 companies, and already closed second contracts with four of them. As of August 2022, Spottitt has already doubled its 2021 revenues, effectively becoming one of the fastest-growing startups in the earth observation and geospatial analytics market.

“Being part of the Newchip Accelerator, we are looking forward to receiving support for our seed funding round, by connecting to Newchip’s global network of investors,” says Niccolò Teodori, CGO. “This will accelerate the development of our product and our expansion into new sectors and geographies.”

Niccolo Teodori

Niccolo Teodori

Spottitt Chief Growth Officer

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