Unseenlabs raises €85m in funding for space-based vessel tracking tech

France-based vessel tracking technology company Unseenlabs has announced the closure of an €85 million fundraising round, bringing the firm’s total funding to €120 million since its founding in 2015.

Unseenlabs has developed its own satellite-based technology to identify, recognise and track a broad range of radio emitters at sea, with the data collected and processed for vessel monitoring and tracking.

Its space-based radio frequency (RF) detection system was developed entirely in-house, both hardware and software, to detect and characterise the passive electromagnetic signature of any ship in near real-time, anywhere on the globe, regardless of weather conditions.

The system can be used to provide supplemental data alongside existing systems such as AIS, to improve tracking precision.

The new funding will be used to expand Unseenlabs’ observation capabilities, with the launch of multiple satellites. Two new satellites, BRO-12 and BRO-13, are already scheduled for launch aboard a SpaceX Falcon 9 rocket as part of the Transporter-10 mission from Vandenberg Space Force Base in the US next month.

“The year 2023 marked a turning point for Unseenlabs, consolidating the relevance of our business model and the attractiveness of our offering in the market,” said Unseenlabs’ Chief Executive Officer, Clément Galic.

“This funding will allow us to accelerate our growth, particularly by developing new solutions and strengthening our presence in the private sector. We are excited to continue this journey with our historical partners while welcoming new ones.”

The new funding round featured investors including Supernova Invest, ISALT via its Strategic Transition Fund, and UNEXO. All of Unseenlabs’ existing partners, including 360 Capital, OMNES, Bpifrance, Breizh Up managed by UI Investissement, and S2G Ventures, supported the new funding phase.

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Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

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