What does Near Space Labs do?
Near Space Labs specializes in stratospheric remote sensing using a network of Swift robots to deliver high-resolution aerial imagery. The company focuses on developing sustainable technology that meets the demands of commercial clients while reducing reliance on federal funding.
How much did they raise?
The company raised $20M in Series B funding led by Bold Capital Partners, with participation from USAA, Climate Capital, Gaingels, River Park Ventures, Crosslink Capital, Third Sphere, and Draper Associates.
What are their plans for the money?
With the new capital, Near Space Labs aims to increase its imagery coverage to include 80 percent of the US population twice a year, delivering 7cm resolution imagery that could significantly enhance decision-making processes in industries such as property and casualty insurance.
What have they achieved so far?
Having raised over $40M to date, Near Space Labs has already made significant progress in building sustainable aerial imagery technology that meets commercial needs.
