French maritime surveillance provider Unseenlabs announced on 27 February that it had closed an €85 million Series C funding round.
The company’s Series C funding round included contributions from new investors Supernova Invest, ISALT via its Strategic Transition Fund and UNEXO. It also included contributions from existing investors 360 Capital, OMNES, Bpifrance, Breizh Up, and S2G Ventures.
With the additional €85 million, Unseenlabs has now secured approximately €120 million in total funding since its founding in 2015. Its previous funding rounds were closed in 2018 and 2021.
With its current fleet of 11 satellites, Unseenlabs is able to revisit each monitored area every four to six hours. As the company continues to add to this constellation, it aims to provide near real-time monitoring of the seas. According to Unseenlabs, the additional funding will, in part, be used to grow its fleet of satellites. It aims to have a constellation of 25 satellites by 2025.
In addition to growing its current fleet of satellites, the new funding will also be used to strengthen the company’s global presence, particularly in the American and Asian markets. It will also look to develop and deploy new products and solutions.
In the near term, the road to that 25-satellite target begins this month with the launch of BRO-12 and BRO-13.
“Unseenlabs is in a robust growth phase,” said CEO Clément Galic. “In addition to the technical expansion brought by the additional satellites, our team is expanding, and our solutions are protecting, increasing numbers, the assets of commercial shipping companies and protecting the environment.”
The BRO-12 and BRO-13 satellites will be launched aboard a SpaceX Falcon 9 rideshare mission via Exolaunch later this month.
