Geospatial Analytics Company, Satelytics secured $5 million, led by BP


Satelytics, an OH-based geospatial analytics company, has now secured a $5 million investment.

Satelytics is founded by Sean Donegan. It is a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes, which includes methane emissions. According to CrunchBase, the company has already secured a total of $12 Million in five funding rounds.

The company technology collects high-resolution spectral imagery from the planet surface with the help of planes, satellites, and drones.

Executive Opinion

Morag Watson, BP, senior vice president of digital science and engineering, said, "Satelytics is modernizing the energy sector by making data about physical assets more accessible and digestible, leading to better decision making. We are excited to work closely alongside their unique team of scientists and technologists to help them evolve their technology and to continue to move the needle on industry digitalization."

Sean Donegan, chief executive of Satelytics, said, "bp’s early use of our detection and quantification software has inspired us to expand our capabilities. bp’s investment marks an inflexion point for Satelytics, which will assist us in expanding our technological capabilities and fuel future innovation."

Satelytics' Latest Funding

The investment was backed by BP with the help of its venturing business.

The company, as of now, has plans to use the new funds to develop its technology further and scale its applications throughout the oil and gas sector.
PC: Pablo, Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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