Xoople Secures $130M Funding and Partners with L3Harris for Satellite Sensor Development

Severity: Low (Score: 21.9)

Sources: Mezha, Techcrunch

Summary

Xoople, a Spanish startup founded in 2019, has raised $130 million in a Series B funding round led by Nazca Capital. The company aims to create a satellite constellation to provide precise data for AI applications, particularly for enterprises. The funding will help Xoople develop high-performance sensors in partnership with L3Harris Technologies, a U.S. defense contractor. CEO Fabrizio Pirondini stated that the sensors will yield data that is significantly more accurate than current monitoring systems. Xoople's business model focuses on embedding its data solutions into existing enterprise ecosystems. The startup is entering a competitive market with established players like Vantor and Planet. Currently, Xoople relies on publicly available data while preparing to launch its own satellite data. The company has raised a total of $225 million to date. Key Points: • Xoople raised $130 million to develop satellite technology for AI data applications. • The startup partnered with L3Harris to create advanced satellite sensors. • Xoople aims to embed its data solutions into existing enterprise platforms.

Key Entities

• Spain (country)
• Government (industry)