Beholder Raises $940,000 in Funding
Beholder, a Tallinn, Estonia-based company that provides an AI-based remote sensing platform, has secured $940,000 in funding
The investment round was led by InnoEnergy, with participation from Rockstart and STRT Ventures funds.
Founded in 2010, EIT InnoEnergy is an impact investing firm based in Eindhoven, Netherlands. The firm seeks to invest in seed-stage and early-stage companies operating in B2B, energy, climate technology, clean technology, mobility technology, the internet of things, micro-mobility, oil & gas, robotics, and drone sectors based in Europe.
The startup aims to scale its business, enter foreign markets, and develop two versions of the product for both B2C and B2B markets. In 2024, the startup plans to increase the company’s capitalization to $20-30 million and sign contracts with 20 new clients.
Founded in 2021 by Andriy Sevryukov, Serhii Lubkin, and Daniil Lubkin, Beholder provides an AI-based remote sensing platform for critical minerals and energy resources exploration. The platform utilizes machine learning to process data from satellites, enabling predictions on mineral deposits and resource exploration. Beholder currently has offices in Middletown and Tallinn, with a clientele including mining companies such as Filo Mining, GrupoHunosa, and Petroteq Energy.
Funding Details
Company: Beholder
Raised: $940K
Round: Unknown
Funding Month: March 2024
Lead Investors: InnoEnergy
Additional Investors: Rockstart, STRT Ventures
Company Website: https://beholder.earth/
Software Category: Remote Sensing Platform