LiveEO raises €25M to leverage AI-powered satellite data for critical infrastructure and climate risk management

LiveEO, a global player in transforming high-resolution satellite data and AI into actionable insights for managing climate risks and resilience, has secured €25 million in a Series B funding round led by NordicNinja and DeepTech & Climate Fonds (DTCF).

This investment will accelerate the development of LiveEO's advanced solutions and expand its team and capabilities.

Founded in 2018, LiveEO aims to convert vast amounts of fragmented satellite data into usable insights. This data, crucial for monitoring climate change impacts, vegetation patterns, and system movements, often comes from multiple sources and is difficult for industries to interpret. Open-source solutions can be inaccurate, and the increasing frequency and severity of climate-related events underscore the need for advanced solutions. The Earth Observation market is projected to grow from $6.8 billion in 2024 to $14.6 billion by 2034.

LiveEO’s platform addresses this need, having tripled its growth in the past year. It utilises advanced satellite technology, including multispectral and Synthetic Aperture Radar (SAR), along with AI, to provide high-resolution analytics and actionable insights. This enables businesses to detect and respond to extreme weather events, deforestation, and environmental risks affecting infrastructure, such as vegetation encroachment on power lines or ground deformation near railways. Additionally, it helps companies reduce their carbon footprint, comply with evolving regulations, and enhance climate resilience.

LiveEO’s platform is trusted by Europe’s largest railway operator, Deutsche Bahn, to safeguard its assets. It has assisted a Nigerian pipeline operator in tackling oil theft and reducing substantial losses, and helped curb illegal logging in Moldova. With partners like Accenture, AWS, and SAP, and customers including EON, Iberdrola, and Network Rail, LiveEO offers reliable monitoring of vast or remote areas, benefiting diverse industries.

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.”

Its latest TradeAware solution helps companies comply with the EU Deforestation Regulation (EUDR). By using highly accurate satellite data to monitor deforestation risks in supply chains, companies importing commodities like cocoa, coffee, rubber, and timber can make sure their products are sourced responsibly and legally, preventing environmental harm and avoiding fines. This compliance is critical and TradeAware makes it easy for businesses, particularly those with over 250 employees who must be compliant before the end of 2024, to meet these regulations and protect the environment with a high degree of precision.

LiveEO’s workforce has grown to around 130 international employees following recent growth. The recent €25 million funding takes the total raised by the Berlin-based firm to €51.6 million. NordicNinja and DTCF join existing investors MMC Ventures, Dieter von Holtzbrinck Ventures (DvH Ventures), Helen Ventures, Matterwave, motu ventures, Segenia Capital, Hannover Digital Investments and more on LiveEO’s impressive cap table.

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. The LiveEO team’s advanced use of satellite data and problem-solving AI algorithms offer businesses the precise, actionable insights needed to effectively manage and mitigate climate-related risks, which are only increasing in frequency and severity. 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 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.”