Spacetech market has been revolutionalising more than ever before. There are many companies that are involved in sending data from satellites, which is the lifeline in pumping the digital economy. While common people might not comprehend the importance of spacetech, it is important to know that its one thing we rely on in our daily lives, be it navigation, delivery services or more.
Almost all the countries across the world are exploring space and the democratisation of the same will ensure that the space sector is no longer dominated by large multinational firms and global superpowers. Gradually, the cost of building and launching satellites has come down. What was once a sector that was untapped by many has become one of the hottest attractions for venture capital investors.
Now, even developing countries, universities and startups are joining the spacetech ecosystem alongside NASA and SpaceX. One of the leading accelerators from UK, Seraphim Capital is the world’s first spacetech venture fund supporting budding spacetech startups and fueling their growth. It has already supported 16 startups in the previous programs and is now hosting the Seraphim Space Camp Mission 3 to support seven startups in the industry.
Leading to that today, we have come up with a collective list of the best European spacetech startups that you should watch out for in 2019.
This Fellowship is a spin-out from Fraunhofer Institute. This is the first company to map precise on-earth temperatures even from a constellation of satellites. This company is in plans to launch. Its orbital temperature monitoring system will be 3% of the overall cost of existing solutions without compromising measurement accuracy.
Hawa Dawa (Germany)
Hawa Dawa blends its proprietary IoT smart sensor data with other data sources including satellite data in order to give precise air quality information. Founded in 2016 in Munich, this company demonstrates that end-to-end solution is really needed by the market. Within two years, it has gained traction with Siemens, SwissCom, IBM and SwissPro.
Methera Global (United Kingdom)
Methera Global is in plans to launch a constellation of dynamic and flexible satellites focusing its entire bandwidth to a small area of target regions from several satellites. It will increase the capacity 10 times greater than planned systems. Initial customers are the likes of emergency response services that help communities who do not have access to the internet now.
Trik (United Kingdom)
Trik is an enterprise drone 3D mapping software with a unique platform for structural inspection. The platform transforms data into a customisable 3D model that can be updated from time to time.
Veoware (United Kingdom)
Veoware operates with the vision to industrialise the space sector so that software, hardware and data become accessible and instantly available. It is made possible with its team of world-renowned experts with many years of experience.
ICEYE is another leading spacetech company providing synthetic-aperture technology for micro-satellites. It provides expanded access to timely and reliable observation data. The company aims to provide data by developing efficient micro-satellites and sensors letting everyone make better decisions. ICEYE helps clients resolve challenges involved in disaster management, maritime, security and intelligence.
Quite popular globally now, Hiber aims to make IoT connectivity accessible to a majority of the global population. The company is trying to change this via its nanosatellite solution. The company has launched two nanosatellites in 2018 that fly over the earth’s poles 16 times in a day and cross the equator twice a day. The company won the Accenture Innovation Award in 2017 and is aimed at bringing endless opportunities to the people and the planet.
Kleos Space (Luxembourg)
Founded in 2018, Kleos Space was created by Magna Parva Ltd. to develop Geolocation Intelligence Data Service and market disruptive in-space technologies. The company will launch and operate satellite infrastructure generating commercial ISR and geoservices data.
SnapPlanet is a startup that provides affordable and easy access to Earth Observation data to empower journalists, citizens and scientists to tell stories related to the space or earth. The startup provides a photographic-centric mobile application that will create beautiful images of the Earth from space in just a few seconds. The data will be available for all users at high-resolution.
Stay tuned to Silicon Canals for more updates in the tech startup world.