investments in energy and geospatial markets

Spottitt opens the doors to new investors

Spottitt is seeking new equity investors to raise $2M

Following a year of rapid growth in line 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.

The new capital will be used to accelerate growth in more industries and geographies (65%) and accelerate the development of Spottitt MF, our new web service for data delivery and customization (35%).

Spottitt MF is a unique geospatial analytics platform that automates the process of getting the right satellite image, converting it into actionable insights with AI, and providing the widest range of analytics for business users in different industries. Spottitt MF aims to be 3 times more effective than any other geospatial analytics service, at ⅓ of the cost. Earlier this year, Spottitt launched the beta version and 26 utility companies from all over the World signed up to see it in action and provide feedback.

In the last 12 months, Spottitt has proven itself to be one of the fastest growing monitoring solutions for utility infrastructure owners, having exceeded $500.000 in revenues (more than double the previous year’s figures, exceeding EoY 2021 forecasts), with 15 new customers (including 3 Fortune500 companies), and a growing number of returning clients excited to scale the service after their first paid pilot tests.

With the next funding round, Spottitt aims to increase the speed and conversion rate of the sales-cycle, introduce a new subscription plan together with Spottitt MF, expand into 3 more industries and enter the North American market. These objectives and the current pipeline of opportunities will result in more than $1.4M in revenue next year.

I am excited at the progress and momentum generated by the hard work of the whole team. We have shown that we have understood the needs of infrastructure owners, have services that meet these needs and that there is growing demand ”, says Lucy Kennedy, co-founder and CEO,  “This funding round will bring us to the next level of service delivery automation and introduce our services to new markets in new geographies.”

Spottitt is a UK company, with offices in Oxford, UK  and Wroclaw, Poland. All Spottitt co-founders are serial entrepreneurs with proven achievements and expertise, supporting the management team are another 13 experts in the fields of machine learning, earth observation, GIS, software development and sales and marketing.

Interested investors looking to participate in a $2M seed round closing this year are welcome to contact Spottitt’s CEO lucy.kennedy@spottitt.com

Picture of Lucy Kennedy

Lucy Kennedy

Spottitt CEO and EASRC EO Evangelist for Infrastructure

Our latest news:

satellite EO data providers and constellations

All About Satellite Earth Observation Data

Welcome to Spottitt “Let’s Talk Satellite EO Data” eBook – your ultimate guide to understanding satellite-derived data types, their applications in asset monitoring, of the different types of data providers, and practical tips for navigating the challenges of using remote sensing data.

This resource is designed to help you make well-informed decisions about the use and integration of EO data, ultimately to ensure the safety and performance of your critical infrastructure.

climate data layer gradient map

Spottitt MF Monthly Update: New Features & Enhancements

At Spottitt, we’re constantly working to enhance your experience with our analytics platform, by making data visualization and reporting more intuitive, flexible, and insightful. This month, we’re introducing several updates which give you even more control and customization.

🌍 Your Free Climate Data Now Displayed as a Gradient Layer in a Map Format
Just like our other data layers, your free climate data can now be viewed on the map in a compact gradient color format. While generating a report on how each climate parameter impacts your assets is the best way to match this data to your assets and can be nice to view these data layers – helping you assess environmental exposure at a glance.

asset risk report creation across multiple data layers

Introducing an Upgraded Spottitt MF 2.0: What’s New? Part 2.

The upgraded Spottitt platform now empowers users to customize reports in a single step, using multiple data layer types, filters, and display preferences.

Layer types refer to the specific input data leveraged for a monitoring use case.

Depending on the source data purchased through Spottitt MF, the available layer types might include but are not limited to: Optical Vegetation and Man Made Classes, Wind, Precipitation and Temperature Classes, SAR (Synthetic Aperture Radar) Land & Asset Motion Classes, Digital Elevation Data Classes.

satellite Earth Observation data for asset analysis

Introducing an Upgraded Spottitt MF 2.0: What’s New? Part 1.

As climate change intensifies and extreme weather events become more frequent and severe, it’s clear that understanding climate and weather variables is no longer just a ‘nice to have’ for asset owners. Recent disasters all over the globe, including the devastating wildfires in Los Angeles, USA, only emphasise the necessity of integrating climate and weather data into asset monitoring workflows.

Building on our past successful climate impact analytics projects, such as updating severe weather maps for SPEN, we are thrilled to announce the coming soon launch of Spottitt Metrics Factory 2.0.

Welcome to Spottitt’s Chief Technology Officer

We are thrilled to announce that Sebastian Sobocinski has joined us as Chief Technology Officer (CTO).

With a wealth of experience as a CTO, Chief Product Officer (CPO), and Software Development Director, Sebastian brings a strong background in IT project management. As he puts it, he is passionate about leveraging his extensive knowledge and skills to create value and drive impact through innovative business and technology solutions.

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.