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.”
Spottitt Chief Growth Officer
Geo-spatial insights from the Spottitt MF Demo of Climate Conditions Monitoring, devoted to the ongoing COP27 climate conference in Sharm-El-Sheikh.
Key takeaways:
In the last 5 years, the Egyptian power grid experienced fewer high wind incidents compared to the previous 5 years, yet they impacted a larger portion of the network…
Spottitt is excited to announce its involvement in the delivery of one of only 18 projects selected to receive just under 400k GBP Alpha Phase SIF (Strategic Innovation Fund) funding. The funding is awarded by Ofgem and Innovate UK and aims to find and fund ambitious, innovative projects with the potential to accelerate the transition to net zero. These projects aim to help shape the future of the gas and electricity networks across the UK and beyond.
Following a year of rapid growth inline with the founding team’s targets and ambitions to disrupt the geospatial industry with a flexible analytics solution that meets the needs of any business user in different industries, Spottitt is seeking new equity investors to raise $2M, part of which already committed by current shareholders and managers.
Extreme weather events have a tremendous humanitarian and economic impact on local communities and damage our critical infrastructure. They affect the safety of pipelines, disrupt transportation and distribution systems, cause power outages, impact clean water delivery and waste water handling.
Come to say hi and learn about how our digital inspection solution helps utility companies around the world improve their network performance and resiliency by employing high-res satellite imagery and AI technology.
Spottitt is happy to announce two winners of free Proof of Concepts (PoC). With the Spottitt MF beta program, Spottitt gave the chance to two utility network operators to get a free high-resolution analysis of 100 km of assets.
