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Near Space Labs closes $13M Series A to send more Earth-imaging robots to the stratosphere
The decreasing cost of launch and a slew of other tech innovations have brought about a renaissance in geospatial intelligence, with multiple startups aiming to capture higher-quality and more frequent images of Earth than have ever before been available.
Most of these startups, however, are focused on using satellites to collect data. Not so for Near Space Labs, a four-year-old company that instead aims to gather geospatial intelligence from the stratosphere, using small autonomous wind-powered robots attached to weather balloons. The company has named its platform “Swifty,” and each one is capable of reaching altitudes between 60,000 and 85,000 feet and capturing 400-1,000 square kilometers of imagery per flight.
The company was founded in 2017 by Rema Matevosyan, Ignasi Lluch and Albert Caubet. Matevosyan, who is an applied mathematician by training and previously worked as a programmer, did her masters in Moscow. There, she started doing research in systems engineering for aerospace systems and also flew weather balloons to test aerospace hardware. “It clicked that we can fly balloons commercially and deliver a much better experience to customers than from any other alternative,” she told TechCrunch in a recent interview.
Four years after launch, the company has closed a $13 million Series A round led by Crosslink Capital, with participation from Toyota Ventures and existing investors Leadout Capital and Wireframe Ventures. Near Space Labs also announced that Crosslink partner Phil Boyer has joined its board.
Near Space, which is headquartered in Brooklyn and Barcelona, Spain, is primarily focused on urbanized areas where change happens very rapidly. The robotic devices that attach to the balloons are manufactured at the company’s workshop in Brooklyn, which are then shipped to launch sites across the country. The company’s CTO and chief engineer are both based in Barcelona, so the hardware R&D takes place over there, Matevosyan explained.
The company currently has eight Swifies in operation. It sells the data it collects and has developed an API through which customers can access the data via a subscription model. The company doesn’t need to have specific launch sites — Matevosyan said Swifties can launch from “anywhere at any time” — but the company does work in concert with the Federal Aviation Administration and air traffic control.
The main value proposition of the Swifty as opposed to the satellite, according to Matevosyan, is the resolution: From the stratosphere, the company can collect “resolutions that are 50 times better than what you would get from a satellite,” she said. “We are able to provide persistent and near real-time coverage of areas of interest that change very quickly, including large metro areas.” Plus, she said Near Space can iterate it’s technology quickly using Swifties’ “plug-and-play” model, whereas it’s not so easy to add a new sensor to a satellite fleet that’s already in orbit.
Near Space Labs founders (from left): Ignasi Lluch, Rema Matevosyan and Albert Caubet. Image Credits: Near Space Labs (opens in a new window)
Near Space has booked more than 540 flights through 2022. While customers pay for the flights, the data generated from each trip is non-exclusive, so the data can be sold again and again. Looking ahead, the company will be using the funds to expand its geographical footprint and bring on a bunch of new hires. The goal, according to Matevosyan, is to democratize access to geospatial intelligence — not just for customers, but on the developer side, too. “We believe in diverse, equal and inclusive opportunities in aerospace and Earth imaging,” she said.
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Near Space Labs expands high-altitude Earth imagery to Texas and ramps remote deployment
The ongoing COVID-19 crisis has had a number of unexpected impacts on global economic activity — most of them negative. But the pandemic has also highlighted the need for alternative solutions to challenges where traditional solutions now prove either too costly, or too difficult to do while maintaining good health and safety practices. Near Space Labs, a startup focused on providing timely, location-specific, high-resolution Earth imaging from balloons in the stratosphere, is one company that has found its model remarkably well-suited to the conditions that have arisen due to the coronavirus crisis.
Near Space Labs is in the process of expanding its offering to Texas, with some imagery already collected, and the team in active conversations with a number of potential customers about subscribing to its imaging services ahead of launching the first full batch of collected imagery by early next month. Adding a new geographic location in the middle of a pandemic required Near Space Labs to move up the development on a way for it to easily ship and deploy its balloon-lofted imaging equipment using remote instruction with local technical talent. It’s now ready to effectively spin up an imaging operation very quickly, basically anywhere in the world, with simple, minimal training to onboard and equip local operators on-demand.
“With travel restrictions, we had to figure out how to deploy hardware in a fully remote way,” explained Near Space Labs’ CEO Rema Matevosyan. “That had been a challenge that we wanted to tackle at some point, for our scalability — but instead we had to tackle that ASAP. Today, I’m really proud to say that the Swift, our robotic vehicles, are able to be shipped anywhere on the globe in a small suitcase. And with a few videos and a manual, it’s super easy to train new people to launch.”
Swift is basically a sophisticated camera attached to a balloon that flies between 60,000 and 85,000 feet, with short duration flights that can nonetheless capture up to 270 square miles of imagery at 30 cm per pixel resolution in a single pass. Swift is also designed to be able to go up frequently, making trips as frequently as twice per day, and it’s designed to provide quick turnaround times for processed images, compared to long potential waits for imaging from geosynchronous or even LEO satellites based on orbital schedules, ground station transmission times and other factors.
Image Credits: Near Space Labs
And because Near Space Labs can basically ship its imaging equipment in a suitcase and have just about anyone train quickly to use it effectively, versus having to build a satellite that requires delivery via rocket and operation by highly trained engineers, it can offer considerable savings versus the space-based competition — at a time when cost sensitivity for public institutions and the organizations looking for this kind of data has them reluctant to open their wallets.
“In these uncertain economic times, margins and fiscal responsibility become very important for people,” Matevosyan explained. “We have the perfect solution for that — our approach is very flexible, very low-cost. Even states are ‘bankrupt,’ — so everybody’s looking for ways to improve their margins, and to improving their spend.”
Matevosyan told me that Near Space Labs has seen an uptick in interest in its product from two directions as a result of the ongoing global economic shifts. First, there are customers who have traditionally sourced this imaging from satellite providers and who are looking for cost savings and a product that more closely fits their geographic and timing needs. Second, there are organizations looking to start using this kind of imagery for the first time, as an alternative to in-person inspection or sensing, because of the ways in which COVID-19 has put restrictions on workforces.
“COVID also put a spotlight in general on the remote sensing industry, because people are unable to, for instance, go down to the assets or the sites that they usually would check manually,” she said. “So that started looking into remote sensing solutions, and we saw an uptick in applications and signups to our imagery. One example industry where that’s happening is conservation. Conservation wasn’t a vertical that was super active in our pipeline. But suddenly with COVID, it became pretty active.”
Matevosyan says that it took Near Space just “days” to ramp a new technical team to be able to launch its Swifts in Texas, and that’s representative of the speed at which it can now scale to establish imaging basically anywhere in the world. Flexibility and scalability were always key assets of the business, she says, but the COVID crisis pushed that essential value to the forefront, and could help propel the company’s growth a lot quicker than expected.
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