Earth Blox has secured £1.5m in funding from Archangels to help expand its global reach and develop its no-code earth observation programme.
The Edinburgh-based start-up lets users create customised insights from satellite and geospatial data, offering access to the Google Earth Engine’s petabytes of planetary scale data via a ‘drag and drop’ interface.
The earth observation market for value-added services like Earth Blox is forecasted to double in the next decade, from £1.86bn in 2021 to £3.97bn by 2031.
Companies from across the energy, insurance, and environmental sectors use Earth Blox to inform critical decision-making around climate and security risks.
The seed round should let Earth Blox scale its product, increase the volume of data sources and expand into new markets, including, agriculture, urban development and finance.
Genevieve Patenaude, chief executive at Earth Blox, said: “Investment into innovative businesses like ours is vital to growth in all areas, from customer acquisition to building a great team.
“This will help us develop Earth Blox and get the power of Earth observation insights into the hands of a range of users around the world.”
Niki McKenzie, joint managing director at Archangels, added: “Earth Blox is pioneering the way companies and organisations can access and use satellite data to make better business decisions about the world and how it’s changing.”
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