LiveEO has secured €25 million in Series B funding to enhance its AI-powered satellite monitoring solutions for climate risk management, led by NordicNinja and DTCF.

Target Company Overview

LiveEO, founded in 2018, is a pioneering enterprise that leverages high-resolution satellite data and proprietary AI algorithms to provide timely and actionable insights for critical infrastructure operators. The platform addresses the challenges posed by climate change, enabling businesses to effectively manage environmental risks by transforming vast amounts of fragmented satellite data into automated insights. LiveEO's advanced solutions facilitate real-time monitoring, risk management, and predictive analytics for issues such as extreme weather events, vegetation encroachment, and compliance with environmental regulations.

The company has demonstrated significant growth in 2023, tripling its operations, and has attracted considerable attention in the Earth Observation market, predicted to expand from $6.8 billion in 2024 to $14.6 billion by 2034. LiveEO has secured a diverse customer base, including Deutsche Bahn, Accenture, and EON, and has also contributed to efforts in combating illegal logging and oil theft, showcasing the versatility and impact of its technology.

Industry Overview

The Earth Observation industry is rapidly evolving, driven by the increasing demand for solutions that address the effects of climate change. In Europe, the industry is seeing substantial growth as organizations seek to monitor their environ