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Simera Sense, an Earth observation optical imaging solutions provider, raises €13.5m in growth investment round

By Eric Van Rees - 13th March 2024 - 07:43

Simera Sense, a end-to-end optical solutions provider for the small satellite Earth observation industry, has raised €13.5 million in its first growth investment round.

The company, which offers a diverse array of ‘off-the-shelf’ high-resolution cameras ready for use by clients across the global small satellite industry, has grown rapidly since its founding in 2018. Simera supplies solutions to global customers in the Earth observation data and service market, which is estimated to be worth USD 12.55 billion in 2024, and is expected to reach USD 20.73 billion by 2029.

Simera Sense will use the investment from NewSpace Capital and Knife Capital to respond to rising client demand and expand its current production capacity, with additional production sites planned in Europe. In addition to strengthening its production and customer support capacity in Europe, the new funding will enable Simera to expand its product development teams. This will fast-track the development of higher-resolution and SWIR camera products.

Another key area of development for Simera Sense is the inclusion of industry-transforming on-board data processing, embedded in the camera control electronics. Already under development, it will be a market first, as data from satellite cameras is typically processed on the ground, stretching bandwidth and creating communication issues.

Johann Du Toit, CEO at Simera Sense, thanked the company’s investors for their support.

Read More: Satellite Imaging Aerospace

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