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Astraea
GeoSpatial AI SaaS start-up with end-to-end platform for rapid, cost-effective development of GeoAI applications using EO satellite imagery
About Astraea
Astraea operates as a geospatial intelligence company, functioning as a Public Benefit Corporation with a Software-as-a-Service (SaaS) business model. Founded in 2016 by Brendan Richardson, Daniel Bailey, and Simeon Fitch, the company is headquartered in Charlottesville, Virginia. Richardson, serving as Co-Founder & Executive Chairman, has a background of over 25 years as a venture capitalist and entrepreneur, previously co-founding the Industrial IoT startup Everactive. Bailey holds the position of Co-Founder & CEO, while Fitch is the Co-Founder and CTO. The company's journey includes a significant milestone in February 2024, when it was acquired by NUVIEW. Prior to its acquisition, Astraea had raised a total of $17 million over six funding rounds, including a $6.5 million Series A round in July 2022.
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Astraea's core offering is its cloud-native platform, EarthAI, which provides tools and infrastructure to analyze satellite, aerial, and drone imagery. The platform is designed to make spatiotemporal insights more accessible to a range of clients, from Fortune 500 companies to NGOs and early-stage startups. It serves industries such as clean energy, agriculture, carbon finance, and real estate by enabling them to operationalize data for tasks like site selection, construction monitoring, and risk mitigation. The business model is primarily subscription-based, offering tiered access to its platform, supplemented by a pay-as-you-go model for on-demand imagery from partners like Maxar, Planet, and BlackSky.
The EarthAI platform allows users to manage and analyze vast amounts of geospatial data without the traditionally high cost and complexity. Key features include the ability to access and order high-resolution imagery (up to 7.5 cm), automate acquisition strategies, and integrate public and proprietary datasets. Users can perform analysis within a scalable compute environment, utilize customizable dashboards to track trends, and collaborate through features like MapNotes for sharing and commenting. The platform's API facilitates the integration of insights into existing business systems, allowing organizations to monitor assets, identify environmental risks, and uncover market opportunities. Specific applications include identifying optimal locations for renewable energy projects by analyzing parcel, elevation, and grid infrastructure data, as well as monitoring construction progress through change detection analytics.
At a glance
- Founded
- 2016
- Headquarters
- Charlottesville, United States
- Sector
- Space
Latest news
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A6 investors entered at this stage
Children's Investment Fund Foundation
Aligned Climate Capital
CAV Angels
University of Virginia Seed Fund- CCCarbon Drawdown Collective
Tydall Investment Partners
Source: Dealroom Talent Intelligence.
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team presence
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