SPACE INTELLIGENCE SECURES FUNDING FROM AZURX SPACE VENTURES, INTERCONTINENTAL EXCHANGE

Dr. Murray Collins, Space Intelligence Co-Founder & CEO (Photo: Business Wire)

KUALA LUMPUR, Aug 22 (Bernama) -- Space Intelligence, a provider of high-accuracy nature mapping derived from satellite data, has raised Series A funding round, led by new investor AzurX Space Ventures (ASV) with participation from Intercontinental Exchange Inc.

The funding will be used to expand Space Intelligence’s catalogue of mapping data across the world’s forests to support the development and financing of forest carbon projects, as well as nature impact monitoring across corporate supply chains.

“To address the dual climate and biodiversity crises, it is critical that investment in forest conservation and restoration scales through mechanisms such as the carbon markets and that compliance with legislation like the EU Deforestation Regulation is ensured.

“We have built an audit-grade dataset by taking a science-led approach to mapping the world’s forests, and this funding will help us accelerate the production of datasets across more regions and time periods,” said Space Intelligence co-founder and chief executive officer (CEO), Dr Murray Collins in a statement.

Meanwhile, ASV co-founder and CEO, Anna Hazlett said: “Investing in space-based technologies, particularly through innovative companies like Space Intelligence, is essential for harnessing the full potential of satellite data in addressing global environmental challenges.”

Space Intelligence’s nature data catalogue currently spans 640 million hectares across seven countries, providing information on land cover, deforestation, and regrowth.

By the end of 2025’s second quarter, the company’s dataset will expand to cover more than 35 additional countries, becoming the largest audit-grade nature mapping dataset available. This expansion is driven by the company’s integrated process of geospatial analysis and ecological expertise, leveraging artificial intelligence.

The company is also set to release new data products in the fourth quarter of this year for near real-time monitoring of deforestation and degradation, enhancing risk management and monitoring.

Space Intelligence co-founders Dr Collins and Professor Ed Mitchard have nearly 40 combined years of academic and on-the-ground research in remote sensing using satellite data, employing more than 50 staff members, including 20 mapping scientists and ecologists.

-- BERNAMA