Tilebox co-founders Stefan Amberger and Laura Costa. Photo: Tilebox

Tilebox, a new European space startup has closed its pre-seed round of funding, raising $1.7 million. The company announced the close of the funding round Aug. 1. The round was led by tech investors including Cocoa Ventures, Possible Ventures, Remote First Capital, along with Findus Ventures and Luis Sanz, CEO of CARTO.

The company aims to empower businesses to maximize their satellites to build products that benefit society. At the core of Tilebox’s solution are flexible and high-performance data processing capabilities, integrations with downstream services like analytics tools and marketplaces, and interfaces upstream towards space service providers. The goal is to provide space companies the opportunity to streamline their in-house data pipelines, leading to improved efficiency and reaching the full potential of their missions.

The company is co-founded by Stefan Amberger and Laura Costa. The company supported the ADLER-1 satellite which was a collaboration between Findus Venture, the Austrian Space Forum (OeWF),  and Spire Global Inc.

“Tilebox has identified an unmet need and an opportunity to radically improve how companies manage space data. The fact that they have attracted customers, even at this early stage, is a testament to the pressing need for comprehensive space data management solutions. With their deep technical expertise and commitment to innovation, Laura and Stefan are best positioned to transform a fast-growing industry,” Carmen Alfonso, partner at Cocoa Ventures, said in a statement.

Correction: This story previously referenced Space Angels, which was not an investor in the round.