The UK-based company uses satellites to tackle environmental issues.

Scientists can then use the data in damage mitigation programmes.

It’s free, every week, in your inbox.

Space startup bags $50M to fight climate change with satellites

The nanosatellite was built to monitor deforestation, wildfire impact, flooding, and coastal erosion.

If all goes to plan, Menut will soon have several new colleagues inspace.

MANTIS, which will produce high-resolution images of logistics, energy infrastructure, and natural resources.

Article image

PHISAT2, a cubesat with six onboard AI applications that will process data inorbit.

OpenConstellation is part of an end-to-end service, which covers the design, build, and operation of satellites.

According to Open Cosmos, the model democratises access to space by cutting costs and simplifying processes.

A photo of Rafel Jorda Siquier, founder and CEO of Open Cosmos

The space sector has traditionally been seen as quite an exclusive one, Jorda said.

Its a sales pitch thats proven alluring toimpact investors.

Research suggests that they could also reap financial benefits.

A model of the Menut satellite

Last year, analystspredictedthat theEO satellite market wouldbe worth $11.3 billion by 2031.

To maximise the potential, Jorda wants stronger backing from the public sector.

Story byThomas Macaulay

Thomas is the managing editor of TNW.

He leads our coverage of European tech and oversees our talented team of writers.

Away from work, he e(show all)Thomas is the managing editor of TNW.

He leads our coverage of European tech and oversees our talented team of writers.

Away from work, he enjoys playing chess (badly) and the guitar (even worse).

Also tagged with