# Near Space Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/near-space-labs

- Industry: Aerospace
- Headquarters: Brooklyn, US
- Website: www.nearspacelabs.com
- Total disclosed funding: $33M
- Latest round: Series B (Apr 29, 2025)
- Investors on record: 11

## About

Based in the US, Near Space Labs, Inc. operates advanced aerial imaging technology utilizing autonomous stratospheric robots to deliver high-resolution imagery for various industries, enhancing data accessibility for informed decision-making.Near Space Labs, Inc., founded in 2017 in Brooklyn, US, specializes in ultra-high-resolution aerial imagery through autonomous systems. The company has secured a total of USD 20.00 mn in funding, with its latest Series B round led by BOLD Capital Partners on April 29, 2025. Rema She, the CEO and founder, has a background in innovative technology and entrepreneurship, although previous ventures are not detailed. The firm has completed 5 funding deals to date, achieving a current valuation of USD 51.38 mn.Near Space Labs specializes in providing ultra-high-resolution aerial imagery primarily through its fleet of autonomous, zero-emission stratospheric robots known as “Swiftys.” These balloons capture high-resolution images with a resolution of 7 centimeters, making them competitive with traditional aerial survey quality. The imagery service is designed for various end-use cases, including urban planning, asset monitoring, and environmental management, allowing users to track changes over time and make informed decisions based on reliable data. The company serves a diverse client base, including government agencies, insurance firms, and conservation organizations, offering them the capability to cover vast areas—up to 1,000 square kilometers—within a single flight. Their products are primarily aimed at the continental United States, providing critical data that supports both urban and rural planning and management efforts.Near Space Labs operates on a business-to-business (B2B) model, generating revenue from partnerships and subscription services. Clients engage with the company to access its high-resolution imagery services, typically through structured agreements that may involve recurring payments based on the frequency of imagery updates and the specific geographic areas covered. The company’s service offerings provide tailored solutions for their clients, allowing for custom requests based on project needs, with quarterly refresh rates ensuring that the data remains current. While specific pricing details for these services are not disclosed, the model is likely to include tiered pricing based on the scope of the imagery required and the frequency of updates, aligning with industry standards for aerial imaging services.In April 2025, Near Space Labs, Inc. raised USD 20.00 mn in Series B funding to enhance its imagery coverage and casualty insurance using 7 cm resolution data for improved decision-making. The funding will support plans for new product launches, including expanded imaging capabilities and entry into new geographical markets. Specific regions targeted for expansion include further outreach within the continental United States, aiming to provide services to more diverse client sectors by the end of 2025.

## Funding rounds

- Series B, Apr 29, 2025, $20M — Crosslink Capital, Draper, Third Sphere, RiverPark Advisors, BOLD Capital Partners, USAA Ventures, Gaingels, Climate Capital
- Series A, Sep 2, 2021, $13M — Crosslink Capital, Wireframe Ventures, Toyota Ventures, Leadout Capital

## Investors

- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series A, Series B
- Wireframe Ventures (https://capitalatlas.ai/funds/wireframe-ventures) — Series A
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Series A
- Leadout Capital (https://capitalatlas.ai/funds/leadout-capital) — Series A
- Draper (https://capitalatlas.ai/funds/draper) — Series B
- Third Sphere (https://capitalatlas.ai/funds/third-sphere) — Series B
- RiverPark Advisors (https://capitalatlas.ai/funds/riverpark-advisors) — Series B
- BOLD Capital Partners (https://capitalatlas.ai/funds/bold-capital-partners) — Series B
- USAA Ventures (https://capitalatlas.ai/funds/usaa-ventures) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- Climate Capital (https://capitalatlas.ai/funds/climate-capital) — Series B