Albedo

Albedo

Develops low-flying satellites for high-resolution imagery

About Albedo

Simplify's Rating
Why Albedo is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Food & Agriculture

Industrial & Manufacturing

Aerospace

Company Size

51-200

Company Stage

Series A

Total Funding

$90.5M

Headquarters

Denver, Colorado

Founded

2020

Overview

Albedo develops low-flying satellites that capture high-resolution visible and thermal imagery. Their satellites provide 10cm resolution for visible imagery and 2m for thermal imagery, which is the highest quality available for commercial use. This imagery is useful for various industries such as mapping, insurance, utilities, agriculture, and national security. Albedo's goal is to make aerial quality imagery accessible and easy to purchase, allowing clients to obtain precise data for informed decision-making. Unlike competitors, Albedo focuses on transparency in tasking and accessibility, which helps drive market growth and encourages new applications for their imagery. The company generates revenue by selling this high-resolution imagery to clients who need reliable data to tackle significant challenges.

YC Company
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Simplify's Take

What believers are saying

  • Growing demand for high-resolution imagery in precision agriculture boosts Albedo's market potential.
  • Insurance and utility sectors increasingly rely on satellite imagery, expanding Albedo's customer base.
  • Interest in carbon offset projects increases demand for Albedo's accurate satellite data.

What critics are saying

  • Privacy concerns over high-resolution imagery could lead to regulatory challenges for Albedo.
  • Technical challenges in maintaining VLEO satellites may increase operational costs for Albedo.
  • Expansion with military experts may raise concerns about potential militarization of technology.

What makes Albedo unique

  • Albedo offers the highest commercially available resolution for visible and thermal imagery.
  • Their low-flying satellites enable aerial quality imagery from space, a unique market position.
  • Albedo's imagery supports diverse applications, from agriculture to national security.

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Funding

Total Funding

$90.5M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$35M
Albedo
$100M
GitHub

Benefits

Health Insurance

401(k) Company Match

Paid Vacation

Paid Holidays

Unlimited Paid Time Off

Parental Leave

Relocation Assistance

Wellness Program

Flexible Work Hours

Company Equity

Employee Stock Purchase Plan

Company Social Events

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-7%

1 year growth

-2%

2 year growth

-2%
Startup Italia
Mar 18th, 2024
Grande Fratello Spaziale. I Satelliti Spioni Di Una Startup Usa

Privacy weekly, il guest post di Guido Scorza, avvocato e componente del Collegio del Garante per la Protezione dei dati personali. Un viaggio intorno al mondo su tutela della privacy e digitaleNon bastavano centinaia di milioni di occhi elettronici diversamente intelligenti che, ormai, quotidianamente ci scrutano in ogni dove dalla terra rendendo ogni giorno più difficile rivendicare un vero diritto alla privacy e, con esso, il grappolo di diritti fondamentali e libertà dei quali è fiero difensore. Ora, a leggere le notizie che rimbalzano dalle colonne del New York Times, dobbiamo cominciare a preoccuparci anche di migliaia di occhi elettronici egualmente indiscreti che presto potrebbero far capolino nel firmamento, giusto tra una stella e l’altra. La startup americana Albedo Space ha, infatti, raccolto 100 milioni di dollari per progettare e costruire una flotta di satelliti che dal 2025 scruteranno il mondo, persone comprese, ventiquattro ore su ventiquattro, dallo spazio a una distanza dalla terra inferiore rispetto a quella delle orbite già oggi solcate da migliaia di altri satelliti.I satelliti di Albedo SpaceE da quell’altezza, a quanto pare, sarà possibile – almeno tecnologicamente – sgretolare il muro della riservatezza perché poco o niente resterà indistinguibile. Numeri di targa, volti delle persone e, probabilmente, anche dettagli più piccoli. Il rimedio più sicuro per la difesa della nostra privacy, forse, diventerà il sano e vecchio ombrello, da usare rigorosamente anche nei giorni di sole!Leggi anche: Gli USA pronti alla guerra dei dati con Cina e Russia?Scherzi a parte – anche perché lo scenario è inquietante e fa passare la voglia di ridere – benché il rischio di una sorveglianza di massa dallo spazio esista ormai da tempo, ciò che preoccupa della nuova possibile avventura spaziale è la verosimile apertura all’accesso ai nuovi satelliti a un pubblico enormemente più vasto e, probabilmente, la progressiva diminuzione dei costi almeno direttamente proporzionata all’aumento dell’offerta di servizi e soluzioni utili a osservare dall’alto ciò che accade sulla terra.L’occhio indiscreto dei satelliti di Albedo SpaceSenza dire – ma solo perché ovvio – che la stessa evoluzione tecnologica, inesorabilmente, pone e porrà sfide sempre più complicate per la difesa della privacy rispetto al rischio di invasioni provenienti dallo spazio

Business Wire
Mar 11th, 2024
Albedo Expands Strategic Advisory Board

DENVER--(BUSINESS WIRE)--Albedo, the first company to offer aerial quality imagery from space - enabled by the new orbit frontier of VLEO (very low earth orbit) - today announced the expansion of its Strategic Advisory Board to include LTG Patrick O’Reilly, US Army (Ret), and Rick Ambrose joining as members. They join existing members Vice Admiral Bob Sharp, USN (Ret), Jen Stewart, The Honorable Joan Dempsey, and Dr. John Deutch, who were announced in May 2023. LTG Patrick O’Reilly, US Army (Ret) is a Vice President, Corporate Strategy at L3Harris Technologies, where he leverages his military and corporate expertise to focus on venture-capital investments in start-up technology companies. LTG O’Reilly is fully embedded in the Shield Capital Venture Investments firm’s team in accordance with the L3Harris / Shield Capital strategic partnership. Prior to his commercial industry roles, LTG O’Reilly enjoyed a distinguished, 35-year career in the US Army, highlighted by managing unprecedented missile, radar, power, vehicle, construction engineering, watercraft, and logistic research and acquisition programs, culminating in his becoming director of the US Missile Defense Agency

Business Wire
Jan 24th, 2024
Albedo Raises $35M to Commercialize Very Low Earth Orbit (VLEO)

Today, Albedo announced a $35M Series A-1 financing round led by Standard Investments, bringing the company's total funding to $97M.

SpaceNews
Jan 23rd, 2024
Albedo raises $35 million for commercial very low Earth orbit constellation

Albedo raised $35 million to build and launch its first high-resolution Earth-imagery satellite.

Finsmes
Sep 7th, 2022
Albedo Raises $48M in Series A Funding

Albedo, an Austin, TX-based company developing low-flying satellites that will deliver ultra high resolution images, raised $48M in Series A financing

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