Albedo Raises $48 Million Series A to Capture the Highest Resolution Satellite Imagery

Albedo, a company developing low-flying satellites that will deliver ultra high resolution images, announced a $48M Series A financing round co-led by Breakthrough Energy Ventures and Shield Capital, bringing the company's total funding to $58M in less than two years since inception. "Albedo is developing the world's first commercially available high-resolution imaging capability, which holds tremendous promise for both commercial and defense customers," said Raj Shah, Managing Director of Shield Capital Participation in the round included new investors Republic Capital, Giant Step Capital, and C16 Ventures, along with existing investors Initialized Capital, Joe Montana's Liquid 2, Kevin Mahaffey, and other undisclosed participants. Albedo is developing very-low-earth-orbit (VLEO) satellites that will co-collect 10 centimeter (cm) optical imagery and 2 meter thermal infrared imagery. The resolution of Albedo's imagery is unprecedented in the commercial market and will enable applications that have been limited by lower resolution satellites or operational limitations of imagery collected from planes. The Series A funding will enable the company to complete development of its first satellite and develop the software to support satellite operations and deliver imagery to users.