Spire

Spire

Satellite data for maritime and weather analytics

About Spire

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

Industries

Data & Analytics

Automotive & Transportation

Company Size

501-1,000

Company Stage

IPO

Total Funding

$445.8M

Headquarters

Tysons, Virginia

Founded

2012

Overview

Spire Global, Inc. specializes in satellite data and analytics, focusing on maritime tracking, weather forecasting, and global intelligence. The company operates a network of nanosatellites that collect real-time data on ship locations, weather conditions, and other important metrics. This information is processed and made available to clients, such as shipping companies and government agencies, through APIs and digital platforms, allowing them to enhance their decision-making and improve operational efficiency. Spire stands out from its competitors by offering extensive coverage and accuracy, particularly in busy maritime areas like the South China Sea. The company's goal is to deliver high-quality data solutions that help clients optimize their operations and navigate complex environments.

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Funded Recently
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Simplify's Take

What believers are saying

  • Increased demand for satellite-based wildfire detection boosts Spire's environmental monitoring market.
  • Partnerships in agriculture and forestry open new revenue streams for Spire.
  • UK Space Agency investment enhances Spire's weather forecasting technology and market reach.

What critics are saying

  • Revenue recognition issues have led to multiple class action lawsuits against Spire.
  • Sale of maritime business to Kpler may impact Spire's market position.
  • WildFireSat-Mission collaboration may face project execution and technological challenges.

What makes Spire unique

  • Spire leverages a constellation of nanosatellites for real-time data collection.
  • The company offers APIs for seamless data integration into client systems.
  • Spire focuses on high-traffic maritime zones for unparalleled data coverage.

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Funding

Total Funding

$445.8M

Above

Industry Average

Funded Over

11 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!
Grant Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

Unlimited Paid Time Off

Professional Development Budget

Mental Health Support

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
Munich Startup
Feb 17th, 2025
Ororatech: Großauftrag Von Kanadischer Raumfahrtbehörde

Das Startup Ororatech arbeitet an einem satellitenbasierten Frühwarnsystem für Waldbrände. Im Rahmen der WildFireSat-Mission soll das Spacetech nun gemeinsam mit Spire Global Canada – einer Tochtergesellschaft des Unternehmens Spire Global, das sich auf weltraumgestützte Datenanalyse spezialisiert hat – eine spezielle Satellitenkonstellation entwickeln. Diese soll die Überwachung aller aktiven Waldbrände in Kanada aus dem Weltraum sicherstellen. Die kanadische Regierung stellt für das Projekt 72 Millionen kanadische Dollar bereit.Theresa Condor, CEO von Spire Global, sagt dazu:. „Die Erkennung von Waldbränden ist eine der wichtigsten Satellitenfunktionen, die erhebliche Vorteile für die öffentliche Sicherheit, die Gesundheit der Umwelt und die Wirtschaft bietet. Wir sind stolz darauf, mit der kanadischen Regierung zusammenzuarbeiten, die den Weg für die Entwicklung eines Überwachungssystems für Waldbrände der nächsten Generation ebnet, um ihre Bürger und Gemeinden zu schützen.“

Splash 247
Feb 14th, 2025
Spire Global sues Kpler

On November 13 last year, Spire Global entered into a share purchase agreement with Kpler to sell its maritime business.

iGrow News
Nov 26th, 2024
LatConnect60 Partners with Spire Global to Deliver Advanced Soil Moisture Insights for Agriculture and Forestry

LatConnect60 has partnered with Spire Global to enhance its platform with Global Navigation Satellite System Reflectometry (GNSS-R) data and Soil Moisture Insights.

Accesswire
Sep 22nd, 2024
SPIR INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Spire Global, Inc. Shareholders with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

SPIR INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC announces that Spire Global, Inc. shareholders with substantial losses have opportunity to lead Class Action lawsuit!

GlobeNewswire
Aug 22nd, 2024
SPIRE GLOBAL ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Spire Global, Inc. and Encourages Investors to Contact the Firm

SPIRE GLOBAL ALERT: Bragar Eagel & Squire, P.C. Announces that a class action lawsuit has been filed against Spire Global, Inc. and encourages investors to contact the firm.

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