LiveEO, a Berlin-based provider of satellite analytics, has raised €25 million in a Series B funding round. Previously, the company secured €19 million in funding in 2022.
The investment round was led by NordicNinja (which invested in Griffin and Onego Bio) and DeepTech & Climate Fonds (DTCF). Existing investors MMC Ventures, Dieter von Holtzbrinck Ventures (DvH Ventures), Helen Ventures, Matterwave, Motu Ventures, Segenia Capital, Hannover Digital Investments and others also participated in the round.
With this, the total funding raised by the Berlin startup accounts for €51.6 million This investment will accelerate the development of LiveEO’s cutting-edge solutions, and expand its team and capabilities.
Rainer Sternfeld, Partner at NordicNinja said: “NordicNinja is delighted to be supporting Daniel, Sven and the LiveEO team with this investment. As an entrepreneur and founder myself, I’ve spent a decade in Silicon Valley and Europe working on building data platforms and developer ecosystems for Earth Observation, renewable energy, and the oceans, and understand the challenges and opportunities in this space deeply. We believe LiveEO is uniquely positioned to help companies navigate the challenges posed by climate change and drive a more sustainable future for all.”
Dr. Elisabeth Schrey, Partner at DCTF said: “As an investor dedicated to propelling the growth of groundbreaking technology companies across Europe, we are particularly excited about LiveEO’s innovative approach to transforming earth observation. LiveEO stands out with its excellent team of technologists and its platform that incorporates cutting-edge artificial intelligence and data engineering capabilities. This strong foundation enables LiveEO to offer critical tools that pave the way for sustainable automation across industries.”
What challenge does it address?
Satellite data is immense and it can monitor the effects of climate change, spot evolving vegetation patterns, identify system movements, and more. Yet because it’s fragmented, raw, and sourced from multiple satellites, it’s difficult for industries to understand and integrate. Not to mention the inaccuracies that can come from open-source solutions, coupled with the frequency and severity of climate-related events creating a critical need for advanced solutions, with the Earth Observation market predicted to be worth $14.6 billion by 2034, up from $6.8 billion in 2024.
LiveEO is on a mission to transform vast amounts of satellite data into actionable insights. It uses high-resolution satellite data and proprietary AI-powered algorithms to generate accurate, timely, and actionable insights that help critical infrastructure operators manage climate risks and resilience.
What does the company do?
Sven Przywarra founded the Earth observation company LiveEO together with Daniel Seidel in 2018. It uses satellite technology, including multispectral and Synthetic Aperture Radar (SAR) to deliver high-resolution, analytics with advanced AI to convert the incredible trove of EO data into usable formats and timely, actionable insights.
It can help businesses detect and respond to extreme weather events and deforestation in near real-time, and monitor and manage environmental risks that affect infrastructure, such as vegetation encroachment on power lines or ground deformation near railways. Also, it can help companies reduce their carbon footprint, remain compliant in the face of ever-evolving regulations, and increase their climate resilience.
Daniel Seidel, co-founder and co-CEO of LiveEO, said: “Our mission at LiveEO is to harness the power of satellite data to protect our planet and make industries more sustainable. The new funding will accelerate this mission and enable us to continue helping businesses worldwide face the growing list of climate, environmental, technological, and regulatory risks. We see EU deforestation regulation (EUDR) as creating the first mass market with millions of users for EO analytics, besides weather and we’re providing a solution that scales automatically in TradeAware. This is not just for the benefit of our customers’ bottom lines but for the benefit of all of mankind and our planet.”
Customers of LiveEO
The platform is trusted by the largest European railway operator, Deutsche Bahn to safeguard its assets. It has helped a Nigerian pipeline operator tackle oil theft and reduce million-dollar losses and helped to curb illegal logging in Moldova. Its partners include Accenture, AWS, and SAP, and its customers include EON, Iberdrola, and Network Rail.
What do we think about LiveEO?
The Berlin startup plays an important role in the transformation of satellite data into actionable insights, addressing critical climate and environmental challenges. By leveraging high-resolution satellite technology and AI, LiveEO helps industries manage risks and enhance resilience. Their innovative approach, strong team, and recent funding position them to significantly impact sustainability and operational efficiency across various sectors, benefiting both businesses and the planet.
