Ridgeline Ventures invests in commercially focused technologies transforming defence and national security through space, IoT, software, and artificial intelligence.
Portfolio
2
companies
SatVu
SatVu provides high-resolution thermal imagery from space for defence and security intelligence.
Satellite Vu
Satellite Vu provides high-resolution thermal imaging from space to monitor global energy efficiency and economic activity.
The British Business Bank contributed £5m to the £30m financing alongside several new and existing backers.
"SatVu has created a unique technology at a time of great demand for defence innovation. They have proved the strategic value of their technology so we are pleased to provide the funding that will help them to scale and win further contracts."
The round was led by Molten Ventures to fund commercialisation ahead of the company's first satellite launch.
"We’re leading SatelliteVu’s funding round as it prepares for its June launch. Their unique technology tackles key climate issues, and we’re impressed with their commercial progress. Their $160m in early commitments is a stellar model of pre-launch sales for deep-tech companies, which other climate-tech firms could emulate."
The financing round was led by Seraphim Space Investment Trust and will fund the deployment of seven infrared imaging satellites.
"With COP 26 just around the corner and Europe and parts of the USA having suffered the hottest summer on record, there is growing acceptance that we need to act now to try to mitigate the impacts of climate change on our everyday lives and economy. But while many think of industries such as aviation as some of the least sustainable, the built environment is actually one of the primary polluters across our globe. But regular individual monitoring of these buildings is too expensive both in terms of time and cost, meaning much of the environmental and sustainable ratings are often years out of date. That’s simply not good enough when we clearly need to act now and means many are not aware of just how poorly a building is performing in terms of sustainably."
The oversubscribed seed round was led by Seraphim Capital and will finance the construction of the company's inaugural satellite.
"We believe that high resolution infrared satellite data holds enormous promise for positively impacting the world. A combination of poor resolution, high cost and infrequency of data capture has held back the application of this high impact dataset for decades. We’ve backed Satellite Vu because it alone has the technology to address all these issues and make high resolution infrared the next major category of Space data."
