Xoople, a Spanish startup, has secured $130 million in new funding, bringing its total investment to $225 million. The company aims to build a satellite constellation designed to map Earth for AI applications. This constellation will leverage Xoople's EarthAI platform, built on Microsoft Azure, to collect precise, real-time data from Earth's surface. The data supports the growing demand for agent AI systems. Founded in 2019 after seven years of R&D, Xoople is creating a continuously updated data layer of Earth's physical changes to power machine learning. The company plans to commercialize its technology this quarter. It currently processes satellite imagery from agencies like the European Space Agency into datasets for environmental monitoring and risk prediction. The new funding will help Xoople sell its proprietary Earth observation satellite data. Xoople's CEO, Fabrizio Pirondini, describes its technology as an "Earth Record System," a critical competitive advantage providing reliable data to connect digital systems with the physical world. This is seen as vital for overseeing AI agents and autonomous systems. Potential applications include optimizing supply chains, infrastructure, agricultural forecasting, and urban planning for governments and large enterprises. Xoople has also partnered with L3Harris Technologies to develop sensors for its satellite constellation.
Spanish satellite startup Xoople has secured $130 million in a Series B funding round led by Nazca Capital, with participation from MCH Private Equity and Spain's CDTI tech development fund. The company's total funding now stands at $225 million, placing it in unicorn status with a valuation exceeding $1 billion. Xoople focuses on providing high-quality geospatial data as a foundational source for enterprise AI applications. It is developing a dedicated satellite constellation to collect precise data, aiming to improve data stream quality by two orders of magnitude compared to existing systems. The company embeds its data directly into platforms like Microsoft and Esri, allowing clients to access high-precision geographic information seamlessly. In a strategic partnership, U.S. defense contractor L3Harris Technologies will manufacture advanced optical sensors for Xoople's spacecraft. This collaboration supports Xoople's vision to build an "Earth system record" and eventually co-develop an AI world model with partners. Despite competition from established players like Planet and Airbus, Xoople differentiates itself by first establishing data distribution channels using public sources like ESA's Sentinel-2, before deploying its own satellites. This structured approach aims to create a unique advantage in the crowded Earth observation market.