🚨 Fleet Space raises $100M to scale satellite-enabled mineral prospecting tech
Despite a decline in late-stage deals in the space sector, Fleet Space Technologies secured a $100 million Series D funding round. Based in Adelaide, Australia, Fleet aims to enhance its ExoSphere platform for real-time mineral prospecting from space. The company operates two satellites in low Earth orbit that work with ground sensors to provide predictive insights using AI. Additionally, Fleet plans to send a payload to the moon in 2026 to gather seismic data, aiding research on lunar minerals.
The latest funding round, which values the company at $525 million, was led by Teachers’ Venture Growth and included contributions from existing investors like Blackbird Ventures and Horizons Ventures. Fleet's valuation has more than doubled since its Series C round last year.
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Despite a decline in late-stage deals in the space sector, Fleet Space Technologies secured a $100 million Series D funding round. Based in Adelaide, Australia, Fleet aims to enhance its ExoSphere platform for real-time mineral prospecting from space. The company operates two satellites in low Earth orbit that work with ground sensors to provide predictive insights using AI. Additionally, Fleet plans to send a payload to the moon in 2026 to gather seismic data, aiding research on lunar minerals.
The latest funding round, which values the company at $525 million, was led by Teachers’ Venture Growth and included contributions from existing investors like Blackbird Ventures and Horizons Ventures. Fleet's valuation has more than doubled since its Series C round last year.
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