Global segment ranking · Industrial, deeptech & space › Space
The world’s most valuable Earth observation startups
Companies whose main business is observing the Earth from space and selling what they see: operators of radar (SAR), optical, hyperspectral, thermal-infrared, radio-frequency and weather satellites, makers of Earth-observation cameras and missions, and analytics companies whose product is built on satellite imagery. Ranked worldwide by AI-estimated valuation, with listed pure players shown in grey at their market value for reference. The market sets the value; AI models estimate it.
Key metrics for this segment: key milestone. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.
Not in this segment. Listed, so not ranked: Planet Labs, HawkEye 360, Synspective, BlackSky, Satellogic, QPS Holdings, Nara Space Technology and Axelspace (shown in grey), and Spire Global, ImageSat International, PIESAT, Contec, Space42 and Sidus Space. Bought: Capella Space (IonQ), Orbital Insight (Privateer), Descartes Labs, UP42 (Airbus), Vantor (formerly Maxar Intelligence). Created by a group, a fund or a state: EarthDaily, EOS Data Analytics, Dragonfly Aerospace, Chang Guang Satellite. Closed: Kleos Space. Not ranked here: satellite makers without their own Earth-observation business (Aerospacelab, Albedo, MinoSpace), space surveillance (LeoLabs, Digantara, Kayhan Space) and stratospheric balloons (Near Space Labs, Urban Sky). In other segments: Hydrosat under Precision farming, ASTERRA under Water, satellite communications under Satellite connectivity, rockets under Launchers. A company appears in one segment only. Method
The segment at a glance
36companies ranked
4companies on the radar
14countries in the ranking
8listed benchmarks
Sources: Company announcements, Bloomberg, Reuters, SpaceNews, Payload, Via Satellite, European Spaceflight, TechCrunch, Sifted, Tech.eu, Entrackr, Inc42, Nikkei, Caixin, DealStreetAsia, Jiemian, SEC filings and market data for listed companies. Intention counters will be shown above a threshold of amount and number of Backers.
Rankings by region
Filter the ranking and the Radar. Ranks stay worldwide. Regional pages: Asia · Europe · Middle East & North Africa · North America.Global ranking · Earth observation
Snapshot27 Oct 2026A snapshot taken on 27 Oct 2026
This ranking shows the startups as they stood on 27 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 22 Mar 2027.
Spotted a more recent round? Tell us →First edition: no movements yet.
This ranking shows the startups as they stood on 27 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 22 Mar 2027.
Spotted a more recent round? Tell us →First edition: no movements yet.
World · 36 ranked companies
| # | Company | Last round · Key metrics | AI valuation | Pool of InterestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets, to validated members only. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a partner desk. Neither is an order nor a commitment to invest. Terms for Backers → |
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| 1 | ICEYEBuilds and operates a constellation of synthetic-aperture radar microsatellites that image the Earth day and night through clouds, selling imagery, insights and sovereign satellites to defence, government and insurance customers. | Series F · USD 520M · Jun 2026Revenue above EUR 250M and EBITDA above EUR 100M in 2025 · Jun 2026 | Last known equity round: Series F · USD 520M · Jun 2026 (General Atlantic; Solidium, Tesi, Varma, Ilmarinen); EUR 450M of new shares; a parallel sale of existing shares (about EUR 550M) is not counted Published valuation: USD 12bn (Jun 2026)Method |
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| — | Planet LabsListed · NYSE · PL | Revenue USD 307.7M (year to Jan 2026)Backlog USD 900.4M (Jan 2026) | USD 4.88bnMarket cap · Oct 2026Listed company · not ranked | ||
| 2 | ADA SpaceBuilds and operates AI-enabled remote-sensing satellites and turns imagery into 3D models and geospatial solutions for digital cities, urban governance and industry clients. | Funding round · Apr 2026Revenue of CNY 703M in 2025 (net loss CNY 256M) · FY 2025 | Last known equity round: Funding round · Apr 2026; Amount undisclosed Published valuation: USD 1.6bn (Apr 2026)Method |
Not open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers. You can still declare an interest in this segment → |
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| 3 | Muon SpaceDesigns, builds and operates satellite constellations for Earth and climate observation, including the FireSat wildfire-detection mission, delivering missions and data to commercial and government customers. | Series C · USD 250M · Aug 202611 satellites deployed and 50+ satellites in development for customers · Aug 2026 | Last known equity round: Series C · USD 250M · Aug 2026 (Eclipse Capital; Google, Salesforce Ventures, Wellington Management) Published valuation: USD 1.5bn (Aug 2026)Method |
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| — | HawkEye 360Listed · NYSE · HAWK | Listing IPO in May 2026Backlog USD 292.2M (Jun 2026) | USD 1.3bnMarket cap · Oct 2026Listed company · not ranked | ||
| — | SynspectiveListed · TSE Growth · 290A | USD 1.2bnMarket cap · Aug 2026Listed company · not ranked | |||
| 4 | Open Cosmos#39 in the United KingdomDesigns, builds and operates small satellites and constellations, and supplies Earth-observation data and connectivity services to governments through its own platform. | Growth round · USD 346M · Sep 2026More than USD 370M of customer contracts since 2022 · Sep 2026 | Last known equity round: Growth round · USD 346M · Sep 2026 (Lightrock; ETF Partners, Institut Català de Finances, Entrepreneurs First); EUR 300M Published valuation: USD 1bn (Sep 2026)Method |
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| 5 | Tomorrow.io#37 in IsraelProvides an AI weather-intelligence platform fed by its own radar and microwave weather satellites, helping businesses and governments forecast and act on weather risks. | Series F · USD 210M · May 2026Key metrics not disclosed | Last known equity round: Series F · USD 210M · May 2026 (Stonecourt, HarbourVest, Pitango) Published valuation: USD 1bn (May 2026)Method |
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| 6 | SpacetyBuilds small satellites and operates the Haisi SAR satellite series, supplying radar imagery and satellite missions to commercial and research customers in China and abroad. | Pre-IPO round · USD 190M · Apr 202638 satellites launched over 21 missions · Apr 2026 | Last known equity round: Pre-IPO round · USD 190M · Apr 2026 (Wuxi Liangxi Fund, Turing Ventures, Puhua Capital, China Reform Securities Capital); CNY 1.3bnMethod | Not open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers. You can still declare an interest in this segment → |
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| — | BlackSkyListed · NYSE · BKSY | Revenue USD 106.6M in 2025Backlog USD 345M (Dec 2025) | USD 730MMarket cap · Oct 2026Listed company · not ranked | ||
| — | SatellogicListed · Nasdaq · SATL | USD 630MMarket cap · Oct 2026Listed company · not ranked | |||
| — | QPS HoldingsListed · TSE Growth · 464A | USD 522MMarket cap · Oct 2026Listed company · not ranked | |||
| 7 | PixxelBuilds and operates hyperspectral Earth-observation satellites and sells hyperspectral imagery and analytics through its Aurora platform to agriculture, mining, environment and defence customers. | Series C · USD 100M · Sep 2026Key metrics not disclosed | Last known equity round: Series C · USD 100M · Sep 2026 (Temasek; Seraphim Space)Method | Be the first | Back |
| 8 | ArkEdge Space#24 in JapanDesigns and operates 6U microsatellite constellations for Earth observation, communications and lunar missions, providing mission platforms and data to government and commercial customers. | Series B · USD 52M · Feb 2025Key metrics not disclosed | Last known equity round: Series B · USD 52M · Feb 2025Method | Be the first | Back |
| 9 | GHGSatOperates a constellation of satellites that detect and measure methane and other greenhouse-gas emissions from individual industrial facilities, selling the data to energy companies and governments. | Series C1 · USD 44M · Feb 2024Key metrics not disclosed | Last known equity round: Series C1 · USD 44M · Feb 2024 (Fonds de solidarité FTQ, Investissement Québec, BDC Capital, Climate Investment)Method | Be the first | Back |
| 10 | KayrrosAnalyses satellite imagery and other data with AI to measure methane emissions, energy assets, wildfire and climate risks for investors, insurers, industry and governments. | Funding round · USD 44M · Mar 2022Key metrics not disclosed | Last known equity round: Funding round · USD 44M · Mar 2022 (Bpifrance; BNP Paribas, NewSpace Capital); EUR 40MMethod | Be the first | Back |
| 11 | constellrOperates thermal-infrared satellites measuring land surface temperature and delivers thermal intelligence for defence, infrastructure monitoring and agriculture through a data platform. | Series A · USD 43.7M · Feb 2026Key metrics not disclosed | Last known equity round: Series A · USD 43.7M · Feb 2026 (Alpine Space Ventures, Lakestar; Semapa Next, Bayern Kapital, Cardumen Capital, Cooperative Ventures); EUR 37MMethod | Be the first | Back |
| 12 | OverstoryUses high-resolution satellite imagery and AI to map tree-level vegetation risk around power lines, helping utilities prevent outages and wildfires. | Series B · USD 43M · Nov 2025Serves six of the ten largest utilities in the Americas · Nov 2025 | Last known equity round: Series B · USD 43M · Nov 2025 (Blume Equity; Energy Impact Partners, B Capital, Semapa Next, Pale Blue Dot)Method | Be the first | Back |
| 13 | OroraTechOperates a constellation of thermal-infrared nanosatellites and a software platform that detect and monitor wildfires and heat events for governments, forestry and insurance customers. | Series B · USD 41.8M · May 2025Four FOREST satellites launched for Greece's Hellenic Fire System · May 2026 | Last known equity round: Series B · USD 41.8M · May 2025 (BNP Paribas Solar Impulse Venture Fund, Rabo Ventures); EUR 37M including a first close in October 2024Method | Be the first | Back |
| 14 | Satellite VuBuilds and operates high-resolution thermal-infrared satellites that measure heat signatures of buildings, industry and military activity, selling thermal data to defence, infrastructure and government customers. | Series B · USD 40M · Feb 2026HotSat-2 and HotSat-3 planned for 2026; HotSat-4/5 under contract · Feb 2026 | Last known equity round: Series B · USD 40M · Feb 2026 (NATO Innovation Fund; British Business Bank, Space Frontiers Fund II, Presto Tech Horizons); GBP 30MMethod | Be the first | Back |
| 15 | UmbraDesigns, builds and operates high-resolution synthetic-aperture radar satellites and sells radar imagery through an open data platform to defence, intelligence and commercial customers. | Series A · USD 32M · Feb 2021Sole-source radar commercial augmentation contract from the NRO · 2025 | Last known equity round: Series A · USD 32M · Feb 2021Method | Be the first | Back |
| 16 | LiveEOMonitors railways, power grids and pipelines with satellite imagery and AI, alerting infrastructure operators to vegetation encroachment, ground movement and other risks. | Growth round · USD 31.6M · May 2026Key metrics not disclosed | Last known equity round: Growth round · USD 31.6M · May 2026 (DTCF, NordicNinja, Greencode, Segenia Capital; HELANTIC, b2venture, EIC Fund); More than EUR 28M, first trancheMethod | Be the first | Back |
| 17 | Ursa Space SystemsDelivers SAR-based geospatial intelligence and analytics from third-party satellite constellations to governments, commodity traders and insurers, without operating its own satellites. | Equity offering · USD 27.9M · Mar 2026Key metrics not disclosed | Last known equity round: Equity offering · USD 27.9M · Mar 2026Method | Be the first | Back |
| — | Nara Space TechnologyListed · KOSDAQ · 478340 | Listing IPO in Dec 2025 | USD 144MMarket cap · Oct 2026Listed company · not ranked | ||
| 18 | Array LabsDevelops a constellation of small radar satellites flying in formation to produce high-resolution 3D maps of the Earth's surface for defence, mapping and infrastructure users. | Series A · USD 20M · Jan 2026Key metrics not disclosed | Last known equity round: Series A · USD 20M · Jan 2026 (Catapult Ventures; Washington Harbour Partners, Kompas VC, Y Combinator)Method | Be the first | Back |
| — | Axelspace HoldingsListed · TSE Growth · 402A | USD 98MMarket cap · Oct 2026Listed company · not ranked | |||
| 19 | Kuva SpaceOperates hyperspectral microsatellites and an AI analytics platform that identify the material composition of land and sea surfaces, sold as a subscription to defence, agriculture and environmental customers. | Series A · USD 17.6M · Nov 2023EUR 5M European Commission contract as Copernicus Contributing Mission · 2023 | Last known equity round: Series A · USD 17.6M · Nov 2023 (Voima Ventures, Nordic Foodtech VC; Earth VC, Springvest, private investors); EUR 16.6M, including public funding not split outMethod | Be the first | Back |
| 20 | SkyWatchRuns the EarthCache platform and marketplace that lets developers and enterprises order, process and integrate satellite imagery from multiple providers through one API. | Series B · USD 17.2M · Jun 2021Key metrics not disclosed | Last known equity round: Series B · USD 17.2M · Jun 2021 (Drive Capital; Bullpen Capital, Space Capital, Golden Ventures, BDC Ventures)Method | Be the first | Back |
| 21 | Satlantis#47 in SpainDesigns high-resolution optical cameras and small Earth-observation satellites, and provides imagery and methane-monitoring data to governments, defence and industry. | Equity round · USD 16.5M · 2021Revenue of EUR 47.8M in 2025 (+80%), EBITDA EUR 14.4M · Mar 2026 | Last known equity round: Equity round · USD 16.5M · 2021Method | Be the first | Back |
| 22 | Blackshark.aiExtracts features from satellite and aerial imagery with AI to build a semantic 3D digital twin of the planet for defence, simulation, mapping and urban customers. | Series A+ · USD 15M · Nov 2023Key metrics not disclosed | Last known equity round: Series A+ · USD 15M · Nov 2023 (M12; In-Q-Tel, Point72 Ventures, Maxar, ISAI)Method | Be the first | Back |
| 23 | GalaxEyeBuilds and operates multi-sensor Earth-observation satellites that fuse optical and SAR imaging, selling all-weather imagery to defence, agriculture, infrastructure and disaster-management users. | Series A · USD 14.8M · Mar 2026Launched Mission Drishti, 190 kg OptoSAR satellite, on Falcon 9 · May 2026 | Last known equity round: Series A · USD 14.8M · Mar 2026 (Mounttech Growth Fund; Rainmatter, Mela Ventures, Speciale Invest, LV Angel Fund); USD 10M Series A plus an extension of about INR 44 croreMethod | Be the first | Back |
| 24 | NUVIEWPlans a constellation of lidar satellites to map the Earth's surface in 3D, offering topographic and elevation data to governments, insurers and infrastructure customers. | Series A · USD 12M · Jun 2023Key metrics not disclosed | Last known equity round: Series A · USD 12M · Jun 2023 (MaC Venture Capital; Broom Ventures, Cortado, Florida Funders, Industrious); Partial close of the roundMethod | Be the first | Back |
| 25 | FloodbaseMaps floods with satellite imagery and models to power parametric flood-insurance products for insurers, reinsurers and public entities. | Series A · USD 12M · Jan 2023Key metrics not disclosed | Last known equity round: Series A · USD 12M · Jan 2023Method | Be the first | Back |
| 26 | Orbital SidekickOperates hyperspectral satellites and analytics that detect pipeline leaks, methane emissions and encroachment for energy companies and government agencies. | Strategic round · USD 10M · Feb 2023Key metrics not disclosed | Last known equity round: Strategic round · USD 10M · Feb 2023 (Energy Innovation Capital)Method | Be the first | Back |
| 27 | Aistech SpaceDevelops and operates thermal and multispectral imaging satellites that monitor heat, infrastructure and land use, delivering analytics to defence, insurance and environmental customers. | Series B · USD 9.8M · Jun 2025Key metrics not disclosed | Last known equity round: Series B · USD 9.8M · Jun 2025 (Global Portfolio Investments; Pelliga Family Office); EUR 8.5M, first tranche of a planned EUR 30M roundMethod | Be the first | Back |
| 28 | Chloris GeospatialMeasures forest carbon and ecosystem change from satellite data and machine learning, supplying supply-chain, carbon-project and standards clients with biomass time series. | Series A · USD 8.5M · Jul 2025Key metrics not disclosed | Last known equity round: Series A · USD 8.5M · Jul 2025 (Future Energy Ventures; AXA IM Alts, At One Ventures, Cisco Foundation, Counteract)Method | Be the first | Back |
| 29 | PierSightBuilds a constellation of SAR and AIS satellites for persistent maritime surveillance, offering vessel-detection and ocean-monitoring data to governments, ports and shipping operators. | Seed · USD 7.4M · May 2025Key metrics not disclosed | Last known equity round: Seed · USD 7.4M · May 2025 (Alpha Wave Ventures, Elevation Capital; Seabird Ventures, CE-Ventures); USD 6M seed plus its extensionMethod | Be the first | Back |
| 30 | Sisir RadarDevelops synthetic aperture radar systems for spaceborne, airborne and drone platforms, including L-band SAR satellites, for defence, mining, agriculture and infrastructure monitoring. | Series A · USD 7M · Dec 2025Key metrics not disclosed | Last known equity round: Series A · USD 7M · Dec 2025 (360 ONE Asset; Shastra VC)Method | Be the first | Back |
| 31 | PicterraOffers a no-code platform to train AI models that detect objects and changes in satellite, aerial and drone imagery for mining, energy, forestry and agriculture users. | Series A · USD 6.5M · Apr 2022Key metrics not disclosed | Last known equity round: Series A · USD 6.5M · Apr 2022 (VI Partners; ACE & Company)Method | Be the first | Back |
| 32 | Marble ImagingDevelops a constellation of very-high-resolution optical satellites to supply sub-metre imagery to European defence, security and commercial customers. | Seed · USD 6.1M · Dec 2025First satellite launch planned late 2026; up to 20 satellites by 2028 · Dec 2025 | Last known equity round: Seed · USD 6.1M · Dec 2025 (High-Tech Gründerfonds); EUR 5.3MMethod | Be the first | Back |
| 33 | WyvernOperates hyperspectral imaging satellites and sells analysis-ready hyperspectral data to agriculture, forestry, mining, environmental and defence customers. | Seed extension · USD 6M · Oct 2024Key metrics not disclosed | Last known equity round: Seed extension · USD 6M · Oct 2024 (Uncork Capital, Yaletown Partners, Squadra Ventures, Gaingels)Method | Be the first | Back |
| 34 | TenchijinAnalyses satellite data with AI to evaluate land and infrastructure, helping water utilities detect pipe-leak risk and supporting agriculture and renewable-energy site selection. | Series B · USD 5.4M · Dec 2025Water-leak service contracted by 40+ municipalities · Jul 2025 | Last known equity round: Series B · USD 5.4M · Dec 2025 (Frontier Innovations, Inclusion Japan; Development Bank of Japan, Shinkin Capital, NCB VC, SG Incubate); JPY 700M plus a JPY 100M extensionMethod | Be the first | Back |
| 35 | DantiOffers a natural-language search engine and AI analyst that fuse satellite imagery and other Earth data for defence, intelligence and commercial users. | Seed · USD 5M · May 2024Key metrics not disclosed | Last known equity round: Seed · USD 5M · May 2024 (Shield Capital; Tech Square Ventures, Humba Ventures, Space.VC, Radius Capital)Method | Be the first | Back |
| 36 | Space ShiftDevelops AI software that analyses SAR and optical satellite imagery to detect changes and objects, selling analysis services and its SateLab platform to companies and government agencies. | Series B · USD 3.8M · May 2024Key metrics not disclosed | Last known equity round: Series B · USD 3.8M · May 2024 (Space Frontier Fund, EEI); JPY 600MMethod | Be the first | Back |
Back · Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale. · Terms
Corporate investor? Back the startups of your own segment
No ranked company in this region yet: see the Radar.
Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Ranking established by Claude (Anthropic) from public information, following the published rules. A consensus of several AIs will apply from 1 December 2026. Eligibility: at least $1M raised in equity, non-listed company, main activity in this segment (Earth observation). Country shown is the country of main operations. Request a correction · Full method →
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Challengers
A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.
Sponsored space · no Challenger listed yet
Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call.
- Space Intelligence · United Kingdom · EuropeAug 2024; Amount undisclosedBack
- Unseenlabs · France · EuropeFeb 2024; EUR 85M in total, including bank debt; equity share not publishedBack
- EOI Space · United States · North AmericaNov 2022; Amount undisclosedBack
- Horizon Technologies · United Kingdom · EuropeMay 2021; Amount undisclosedBack
No company on the radar in this region yet.
Listed benchmarks
Not ranked: no intention is possible on a listed company.
- Planet Labs · United StatesNYSE · PL · USD 4.88bn (Oct 2026)
- HawkEye 360 · United StatesNYSE · HAWK · USD 1.3bn (Oct 2026)
- Synspective · JapanTSE Growth · 290A · USD 1.2bn (Aug 2026)
- BlackSky · United StatesNYSE · BKSY · USD 730M (Oct 2026)
- Satellogic · United StatesNasdaq · SATL · USD 630M (Oct 2026)
- QPS Holdings · JapanTSE Growth · 464A · USD 522M (Oct 2026)
- Nara Space Technology · South KoreaKOSDAQ · 478340 · USD 144M (Oct 2026)
- Axelspace Holdings · JapanTSE Growth · 402A · USD 98M (Oct 2026)
Sources and method for this segment
Calendar. Global segment rankings are published twice a year. Next edition: March 22, 2027.
Eligibility. At least $1M raised in equity, non-listed company, main activity in this segment (Earth observation). A company appears in one segment only.
Sources. Company announcements, Bloomberg, Reuters, SpaceNews, Payload, Via Satellite, European Spaceflight, TechCrunch, Sifted, Tech.eu, Entrackr, Inc42, Nikkei, Caixin, DealStreetAsia, Jiemian, SEC filings and market data for listed companies.