[Funding alert] France-based Unseenlabs Secures €85 Million in Funding
Feb 27, 2024 | By Team SR
France-based Unseenlabs secures €85 million in funding bringing its funding to €112.5 million. The Galic brothers founded Unseenlabs in 2015, and with its unique technology for identifying radio frequency signals released by ships, it is revolutionising maritime surveillance.
Boats can be precisely geolocated from orbit thanks to these signals. Unseenlabs addresses a wide range of concerns, including tracking ships, securing maritime zones, safeguarding the seabed, and fighting piracy, working with numerous clients worldwide.
By the end of 2025, Unseenlabs hopes to have deployed an extra 10 satellites, enhancing the constellation's functionality and providing its users with a better information age.
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With this additional funding, Unseenlabs will be able to further develop its technological advancements, broaden the range of services it offers, and consolidate its position as the world leader in RF signal identification.
Leading new investors Supernova Invest, ISALT through its Strategic Transition Fund, and UNEXO are participating in this latest funding round.
Etienne Moreau, partner at Supernova Invest, shared: "Unseenlabs stands out for its innovative approach and its ability to redefine the standards of space observation of radio frequencies. We are convinced of its potential to stay a major global player. The decisive factors of our investment lie in their disruptive technology and the value-addition of their data, crucial for both state maritime missions and private sector markets."
Laurent Piccoli, Partner at ISALT, stated: "By partnering with Unseenlabs, ISALT once again chooses the long-term and invests in the future. We are delighted to participate in financing the industrial ambitions of this SME that has developed a unique location technology. Through this partnership, the Strategic Transition Fund continues its commitment to finance and support the most competitive French future champions in their sectors, which our country needs."
About Unseenlabs
Established in 2015, Unseenlabs is a French enterprise situated in Rennes, Brittany, and headed by the Galic brothers. The original concept originated from a finding regarding ships at sea: a significant deficiency of geolocation information was present. The primary reason for this is that ships have the ability to turn invisible to radar systems.
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