Dubai-based AzurX Space Ventures leads Series A funding round for UK’s Space Intelligence: UK-based sustainability data analytics startup Space Intelligence closed a AED 25.7 mn Series A funding round led by Dubai’s AzurX Space Ventures, the National reports. Intercontinental Exchange, Inc. also participated in the round, according to a press release (pdf).

Where the money is going: The funding will be used to expand Space Intelligence's mapping data and insights on global forest cover across more regions and time periods, co-founder and CEO of Space Intelligence Murray Collins said.

The startup plans to expand its dataset coverage to 35 additional countries by the end of 2Q 2025, potentially becoming the largest audit-grade nature mapping dataset available. It also plans to launch new data products in 4Q 2024, the statement said.

About the startup: Founded in 2017, Space Intelligence is a data analytics company that uses satellite remote sensing to measure biomass and tackle climate change by combating deforestation and promoting forest regrowth. Its library of nature data and insights currently spans over 640 mn hectares.

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