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 Closes Investment

Spottitt Closes 800K USD Bridge Financing Round

In only 12 months since its launch, our AI-powered geospatial analytics service, Spottitt Metrics Factory, has gained significant traction and annual recurring revenue (ARR) among critical infrastructure owners.

Today, we are thrilled to announce the successful closure of an $800,000 bridge financing round.

This round has been led by US based VC fund, Right Side Capital Management, with support from our existing shareholders, KIC InnoEnergy SE, three amazing angel investors, and Spottitt founders CEO Lucy Kennedy and CFO Paolo Senes. We could not have achieved this funding milestone so swiftly and smoothly without the Qubit Capital team.

Spottitt Provides a Solution to Automatically Detect Changing Conditions on the NSW Road & Rail Network

Spottitt became Finalist in Transgrid’s Challenge for real-time insights for company’s easement route planning and Champion for Transport for NSW Challenge for tracking safety of roads and railways using satellite data.

The New South Wales network includes 6,800 route kilometres of operational rail lines and 17,600 km of state roads and highways.

TfNSW has identified Earth Observation satellites as a valuable addition to the monitoring technologies currently deployed and was looking for innovation to automatically detect changing conditions of network and potential risk modelling.

Satellites Drones Geospatial Data Collection Comparative Analysis

Deciding Between Satellites and Drones for Geospatial Data Collection: A Comparative Analysis

In recent times, the landscape of asset monitoring has witnessed a transformative shift with the emergence of advanced technologies, particularly satellite and drone systems.

The utilization of Earth observation satellites for monitoring purposes began gaining momentum in the late 20th century. Free government programs, such as those initiated by NASA and the European Space Agency (ESA), played a pivotal role in providing open access to satellite imagery. These programs not only facilitated scientific research but also allowed industries to leverage satellite data for monitoring critical infrastructure and environmental changes.

spottitt transgrid transport deloitte

Spottitt to Collaborate with Transgrid and Transport for NSW

Spottitt has been selected by Transport for NSW and Transgrid to apply satellite-based and AI-powered technology to automatically detect changing conditions in the NSW road and rail network and to provide real-time insights for Transgrid’s easement route maintenance and planning, respectively.

These projects will be conducted within the GRAVITY Challenge 06 program led by Deloitte Australia, an initiative that brings together start-ups, scale-ups, entrepreneurs and universities to address real industrial and environmental problems using space data. The Collaborate Phase will continue until mid-March 2024.

climate change EU UK Ireland satellite data

Weathering the Storm: Climate Change Threats to Power Grid Infrastructure

As our global climate continues to undergo profound transformations, the challenges posed by climate change are increasingly felt across various sectors of society, including critical infrastructure.

Climate change, characterized by rising temperatures, increased occurrences of extreme weather events, and shifting precipitation patterns, have exposed vulnerabilities within power networks. Often designed under the assumptions of historical climate patterns, now they are increasingly susceptible to the new normal of extreme weather, prolonged heat waves, and more severe freezing.

InSAR analysis Infrastructure Monitoring Sentinel Imagery

InSAR Analysis and Corner Reflector Experiments for Infrastructure Stability Monitoring Using Sentinel-1 Imagery

National Grid Energy Transmissions (NGET), which owns and maintains the high-voltage electricity transmission network in England and Wales, conducts invasive analysis annually to monitor the towers most at risk of movement. Moreover, the NGET inspection teams perform annual line walking activities and monthly substation inspections during which they visually assess the presence of asset motion. These interventions are crucial to avoid issues which may cause expensive assets replacements or reconstruction. It costs NGET over £6 million per year to monitor only 1% of their most at risk assets.