# Satelytics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/satelytics

- Industry: Software
- Headquarters: Toledo, US
- Website: www.satelytics.com
- Latest round: Seed (Jul 26, 2014)
- Investors on record: 1

## About

Satelytics is a geospatial analytics company utilizing artificial intelligence to monitor environmental and industrial challenges, enabling early detection and management of risks in various sectors such as oil and gas, utilities, and mining.Founded in 2009 and headquartered in Toledo, US, Satelytics specializes in geospatial analytics software. The company has secured funding through five deals, with the latest round occurring on June 23, 2020, when it raised USD 5 million led by BP Ventures. Sean Donegan is the CEO.Satelytics specializes in geospatial analytics software that leverages artificial intelligence to provide early detection, location, and quantification of environmental and industrial challenges. Its core offerings include monitoring for liquid leaks, methane emissions, land movement, and chemical contamination. The company employs complex AI algorithms to analyze vast amounts of multispectral and hyperspectral data, delivering actionable insights via its cloud-based platform, satelytics.io. The platform facilitates monitoring across various sectors, including oil and gas, power utilities, water and wastewater management, mining, and forestry. Satelytics serves a diverse client base that includes major corporations such as BP, Chevron, and Duke Energy, primarily operating in the United States, Canada, and select markets in Europe and South America.Satelytics generates revenue primarily through a subscription-based model for access to its geospatial analytics platform. Clients typically engage in annual contracts, which provide continuous monitoring services and access to real-time alerts and visualizations tailored to their operational needs. Revenue is derived from various sectors, with significant contributions from oil and gas companies, which utilize Satelytics' services for regulatory compliance and environmental monitoring. The pricing structure accommodates the scale of the client's operations, ensuring that both small regional companies and large multinational corporations can leverage the technology effectively. Satelytics emphasizes client satisfaction and retention, fostering long-term partnerships that enhance its market presence and revenue stability.Satelytics plans to utilize the USD 5 million raised in June 2020 for product development and market expansion. The company is designing new features for its geospatial analytics platform aimed at enhancing user experience and functionality. Additionally, Satelytics aims to expand its operations into new geographic markets, specifically targeting growth in Europe and South America by 2022.

## Funding rounds

- Seed, Jul 26, 2014 — Rocket Ventures
- Seed, Jun 21, 2012 — Rocket Ventures

## Investors

- Rocket Ventures (https://capitalatlas.ai/funds/rocket-ventures) — Seed