The start-up Earthcube, specializing in satellite surveillance, has completed a € 3 million funding round led by 360 Capital Partners.
Founded in 2016 by Arnaud Guérin and Renaud Allioux, Earthcube publishes an environmental remote monitoring solution using satellite images. This is based on artificial intelligence algorithms, resulting in particular from research in medical imaging, which automate the analysis of images with a very high performance stake.
Earthcube’s solution makes it possible in particular to avoid environmental disasters before the start of work on a large area or to prevent the risk of natural disasters. For example, the technology of the Toulouse-based company is capable of automatically detecting areas where clearing obligations are not respected, thus offering the possibility of intervening upstream to limit the number of fires. Earthcube is also able to accurately assess the most affected areas after an earthquake or storm to help relief efforts prioritize responses and insurers assess the extent of damage.
In its business segment, Earthcube has to face several American competitors. Orbital Insight, Descartes Labs and even Space Know have positioned themselves in the same business segment.
The objectives of the Start-up
This financing should enable Earthcube to accelerate its commercial development while maintaining its technological advance. To support this expansion, the Toulouse start-up plans to double its workforce to reach 25 employees by the end of 2018. “Within 5 years, our ambition is to make Earthcube the leader in satellite surveillance services with a panel of international clients. Ultimately, Earthcube wants to become a gigantic terrestrial observatory, capable of analyzing all the evolutions taking place on our planet several times a day.», Explain Arnaud Guérin and Renaud Allioux, the founders of the company.
Earthcube: the key data
Founders: Arnaud Guérin and Renaud Allioux
The head office : Toulouse
Activity: environmental remote monitoring solution using satellite images
Funding: 3 million euros in October 2017