HEO raises $37 million in Series B to expand satellite camera network
Sydney startup HEO raised $37 million including $10 million from the federal government to expand its satellite inspection camera operations.
HEO makes cameras that let satellites in orbit inspect other satellites for collisions and debris risks. The Series B funding round was led by defence tech venture capital firm Beaten Zone.
The federal government contributed $10 million to the raise through its flagship industry fund. The capital will help expand HEO's network of non-Earth imaging cameras to Geostationary Earth Orbit.
- 37 million dollars
- Total funding raised
- 10 million dollars
- Federal government contribution
- Beaten Zone
- Lead investor
Why it mattersSpace is getting crowded and risky; satellite inspection tools help operators spot collisions and debris that could cause cascading damage.
AustraliaAustralian government funding backs local technology innovation in space, a sector the nation is positioning for future economic and strategic growth.
✓ Claims checked against the source and corrected before publish. checked 3 d ago
