14 Top Geospatial Startups Impacting The Industry in [2023]

Have you ever wondered who is on the list of Geospatial Companies with the highest growth rates?

You’re not alone.

There are hundreds of Geospatial Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 14 fast-growing Geospatial Startups that have top-tier venture capital funding.

What are Geospatial Startups?

Geospatial startups are companies that specialize in creating, collecting, and analyzing data about the Earth’s physical features, such as land, bodies of water, and infrastructure. 

This data can be used to create maps, plan transportation networks, and monitor environmental patterns. Examples of geospatial startups include EarthSense, DigitalGlobe, and Nearmap.

Top 14 Fastest-Growing Startups In Geospatial

1) Satellogic

By substantially lowering the obstacles to obtaining real-time satellite data, Satellogic will democratize access to space-based services.

Details of the startup:

• Country: Uruguay
• City: Montevideo
• Started in: 2010
• Founders: Andrew Fursman, Emiliano Kargieman, Gerardo Richarte, Gerardo Richarte
• Number of employees: 101-250
• Funding amount: $123,800,000
• Number of funding rounds: 8
• Number of investors: 10

You can find their website here.

2) Planet

Planet is an aerospace and data analytics firm that develops small satellites and transmits data about the changing world.

Details of the startup:

• Country: United States
• City: San Francisco
• Started in: 2010
• Founders: Chris Boshuizen, Robbie Schingler, Will Marshall
• Number of employees: 501-1000
• Funding amount: $373,898,658
• Number of funding rounds: 8
• Number of investors: 29

You can find their website here.

3) Hydrosat

Hydrosat is a satellite data company that transforms satellite pictures into useful goods for agriculture and related industries.

Details of the startup:

• Country: United States
• City: Washington D.C.
• Started in: 2017
• Founders: Jakob Van Zyl, Pieter Fossel, Royce Dalby, Yunjin Kim
• Number of employees: 11-50
• Funding amount: $10,623,002
• Number of funding rounds: 5
• Number of investors: 11

You can find their website here.

4) Airspace Link

Airspace Link is a Low Altitude Authorization and Notification Capability (LAANC) Platform for UAS/Drones that has been approved by the FAA.

Details of the startup:

• Country: United States
• City: Detroit
• Started in: 2018
• Founders: Ana Healander, Daniel Bradshaw, Michael Healander
• Number of employees: 11-50
• Funding amount: $18,000,070
• Number of funding rounds: 4
• Number of investors: 10

You can find their website here.

5) Descartes Labs

The Descartes Labs Platform was created to address some of the world’s most difficult and important geospatial analytics problems.

Details of the startup:

• Country: United States
• City: Santa Fe
• Started in: 2014
• Founders: Adam Smith, Mark Johnson, Mark Mathis, Mike Warren, Steven Brumby, Tim Kelton
• Number of employees: 101-250
• Funding amount: $58,000,000
• Number of funding rounds: 4
• Number of investors: 14

You can find their website here.

6) VETRO FiberMap

VETRO FiberMap is a fiber management GIS mapping platform that creates software to aid internet service providers in network management.

Details of the startup:

• Country: United States
• City: Portland
• Started in: 2008
• Founders: Sean Myers, Will Mitchell
• Number of employees: 11-50
• Funding amount: $13,500,000
• Number of funding rounds: 2
• Number of investors: 3

You can find their website here.

7) Propeller Aero

Propeller is a global pioneer in drone mapping and analytics solutions that empower businesses to measure and control their own operations.

Details of the startup:

• Country: Australia
• City: Surry Hills
• Started in: 2014
• Founders: Francis Vierboom, Rory San Miguel
• Number of employees: 101-250
• Funding amount: $31,979,621
• Number of funding rounds: 5
• Number of investors: 9

You can find their website here.

8) Kayrros

Kayrros is a data analytics firm that assists global energy market participants in making more informed investment decisions.

Details of the startup:

• Country: France
• City: Paris
• Started in: 2016
• Founders: Alexandre d’Aspremont, Antoine Halff, Antoine Rostand, Jean-Michel Lasry, Laurent El Ghaoui
• Number of employees: 51-100
• Funding amount: $34,483,346
• Number of funding rounds: 4
• Number of investors: 7

You can find their website here.

9) Mapillary

Mapillary has created a street-level imagery platform that relies on pictures submitted by the general public.

Details of the startup:

• Country: Sweden
• City: Malmö
• Started in: 2013
• Founders: Jan Erik Solem, Johan Gyllenspetz, Peter Neubauer, Yubin Kuang
• Number of employees: 51-100
• Funding amount: $24,600,000
• Number of funding rounds: 4
• Number of investors: 11

You can find their website here.

10) Latitudo40

Latitudo40 is a Techstars-backed startup. Using satellite imagery and artificial intelligence to develop new smart city and agritech solutions

Details of the startup:

• Country: Italy
• City: Napoli
• Started in: 2017
• Founders: Donato Amitrano, Gaetano Volpe, Mauro Manente, Vincenzo Vecchio
• Number of employees: 1-10
• Funding amount: $972,381
• Number of funding rounds: 4
• Number of investors: 6

You can find their website here.

11) Ecopia.AI

Ecopia.AI is a machine learning firm that specializes in extracting information from geospatial big data.

Details of the startup:

• Country: Canada
• City: Toronto
• Started in: 2013
• Founders: Jon Lipinski, Yuanming Shu
• Number of employees: 11-50
• Funding amount: $6,740,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

12) GeoIQ.io

Intelligent map-based platform for retail with single-click access to street-level location data – demographics, competitions, and movements.

Details of the startup:

• Country: India
• City: Bengaluru
• Started in: 2018
• Founders: Ankita Thakur, Tusheet Shrivastava
• Number of employees: 11-50
• Funding amount: $338,015
• Number of funding rounds: 2
• Number of investors: 7

You can find their website here.

13) TerraMagna

TerraMagna is a fintech company that focuses on agribusiness risk mitigation.

Details of the startup:

• Country: Brazil
• City: São José Dos Campos
• Started in: 2017
• Founders: Adriano Dantas, Bernardo Moscardini, João Paulo Torres, Renato Sanabria, Rodrigo Marques
• Number of employees: 11-50
• Funding amount: $2,760,000
• Number of funding rounds: 4
• Number of investors: 6

You can find their website here.

14) Qianxun Spatial Intelligence

Qianxun Spatial Intelligence specializes in high-precision positioning.

Details of the startup:

• Country: China
• City: Shanghai
• Started in: 2015
• Number of employees: 101-250
• Funding amount: CN¥1,000,000,000
• Number of funding rounds: 1
• Number of investors: 7

You can find their website here.

FAQs

Is Geospatial Business Profitable?

Yes, geospatial businesses can be very profitable. Many companies are finding new and innovative ways to use geospatial data to improve their businesses. 

Companies are using geospatial data to improve customer experience, increase operational efficiency, and create new products and services. Businesses are also using geospatial data to gain insights into customer behavior, identify new markets, and optimize marketing campaigns. 

Geospatial data can also be used to improve decision-making, reduce costs, and reduce time-to-market.

What Is The Average Investment In Geospatial?

The average investment in geospatial business can vary widely depending on the type of business, the size of the project, and the resources required. 

Generally speaking, investments can range from a few thousand dollars for smaller projects to millions of dollars for large-scale projects.