Tech.eu writes that the recent investment follows LiveEO's tripling growth registered in 2023 and will help the company accelerate its development. The company's high-resolution satellite imagery data can help infrastructure operators get a better picture of what climate risks they expose themselves to, as well as how extreme weather events can affect their assets.

One example of how the technology works is by providing insights for railway operators regarding how the terrain can affect train routes, helping them adapt to land changes.

Because its currently fragmented, satellite data analysis can't keep up with the constant changes caused by global warming and can't provide real-time information to authorities or infrastructure operators.

This is where startups such as LiveEO can change things, as the platform is already being used by one of Europe's largest railway operators, Deutsche Bahn, helping the company protect its routes. Among LiveEO's customers are EON, Iberdrola and Network Rail.

Daniel Seidel, co-founder and co-CEO of LiveEO, stated that “the new funding will accelerate our mission and enable us to continue helping businesses worldwide face the growing list of climate, environmental, technological and regulatory risks. This is not just for the benefit of our customers’ bottom lines but for the benefit of all of mankind and our planet.”

The earth observation market is projected to a value of 14.6 billion USD by 2034, up from the 6.8 billion USD in 2024.