British technology firm SatVu, known for its satellite-based high-resolution thermal imagery, announced on Tuesday that it has secured 30 million pounds ($40.8 million) in new funding. The NATO Innovation Fund is among the key backers in this significant investment round.
This latest injection of capital propels SatVu’s total equity investment to 60 million pounds. Such financial backing underscores the firm’s value proposition and highlights the strategic interest in its space-based imagery capabilities.
The funds are earmarked to drive SatVu’s expansion plans, enabling the company to enhance its infrastructure and further innovate in the field of satellite imagery technology.
(With inputs from agencies.)