global accelerator program

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

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

Our latest news:

Spottitt Metrics Factory Advances to the Next Level

As more organizations turned to Spottitt for monitoring growing numbers of assets, we recognized that the traditional geospatial platform’s map view, which was effective for small-scale monitoring, became cumbersome when dealing with larger datasets. So, we embarked on the development of Spottitt Metrics Factory. Since its beta launch in late 2022, ten organizations from around the world have been delighting in the ability to view and interact with their asset monitoring data using the product.

vegetation height inspection, electricity grid planning, SAR sensor for land motion monitoring, methane and gas pipeline monitoring

Top 10 Myths About Satellite Images and Analytics for Asset Monitoring. Part 2

In this piece, we delve into the realm of satellite technology, focusing on the determination of vegetation height and the planning of routes for electrical distribution lines.
Additionally, we examine the algorithm that empowers open-source meters in resolution SAR sensors to measure millimeters per year of land or asset motion. We also provide an overview of the driving forces behind the application of satellite technology for monitoring methane and other greenhouse gases.

Price of satellite image, aerial image, GIS software

Top 10 Myths About Satellite Images and Analytics for Asset Monitoring. Part 1

Today, we’re going to address common myths and misconceptions surrounding satellite data and analytics. These are questions that have frequently come up from both our clients and prospects. Our aim is to provide clarity and assist you in understanding whether satellite-based asset monitoring is something you should consider for your organization.

methane monitoring EARSC

Advancing Methane Monitoring: The Role of Earth Observation in Reducing Emissions

Lucy Kennedy, the CEO and co-founder of Spottitt and Co-Chair of the Methane Monitoring Working Group at EARSC, recently moderated the session on ‘Collaborative Approaches to Methane Monitoring’.

The integration of satellite data with ground-based and operational measurements has the potential to radically transform efforts aimed at reducing methane emissions.

power grid vegetation norway sweden finland

Spottitt’s Asset Monitoring Solutions Gain Traction in the Nordics with Innoenergy’s Support

Satellite-based asset monitoring is a growing trend for utility asset management in the Nordic region. Several countries and even more energy companies are already using or actively exploring technology to mitigate critical infrastructure risks and improve O&M performance.

This article highlights Spottitt’s recent client successes in the region, made possible through Innoenergy’s support.

SAR Optical satellite images for asset risk monitoring

SAR and Optical Satellite Images for Advanced Asset Monitoring 

Among the vast array of satellite imagery options, Synthetic Aperture Radar (SAR) and Optical satellite images have gained significant attention due to their unique capabilities in asset monitoring and analytics. In this article, we will explore the immense potential of SAR and Optical satellite images and delve into the derived analytics that is revolutionizing asset monitoring across diverse sectors.