Live Eo receives over five million euros
The Berlin-based start-up facilitates infrastructure monitoring - from space. In a current round of financing, Live Eo is now receiving 5.25 million euros from well-known investors.
Monitoring infrastructure from above - this is the concept of the Berlin-based start-up Live Eo. It uses satellite images to monitor railways, power lines or pipelines, and an artificial intelligence analyzes the data. Deutsche Bahn is one of its customers.
In a current financing round, Live Eo is now raising 5.25 million euros. Btov Partners, Helen Ventures, Motu Ventures, Dieter von Holtzbrinck Ventures and various business angels are involved. The Berliners are putting the money into expansion into the USA and other markets as well as further development of infrastructure monitoring.
"This financing round is an important milestone for LiveEO," says co-founder Daniel Seidel. Especially the implementation of new features is his top priority for the further development of Live Eo.
According to the company, by analyzing satellite imagery, Live Eo's customers can save on operating costs and also digitize and make the monitoring of their networks safer: "We are excited about the possibilities offered by analyzing satellite data to improve the safety and reliability of high-value assets and provide continuous monitoring for asset owners," says Terhi Vapola of Helen Ventures.
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