Space Intelligence land cover maps of Cambodia (Graphic: Space Intelligence)

Scottish satellite data startup Space Intelligence completed a Series A funding round led by new investors AzurX Space Ventures (ASV) with participation from Intercontinental Exchange, Inc.

Dr. Murray Collins, co-founder and CEO of Space Intelligence said the funding will be used to expand the company’s catalog of global forest mapping data to support carbon offset projects and nature impact monitoring across corporate supply chains.

Space Intelligence’s data catalog currently spans 640 million hectares across seven countries. The company hopes to expand coverage to more than 35 additional countries by the end of Q2 2025. Space Intelligence is scheduled to release new near-real-time monitoring data products in Q4 of this year.

“To address the dual climate and biodiversity crises, it’s critical that investment in forest conservation and restoration scales through mechanisms such as the carbon markets and that compliance with legislation like the EU Deforestation Regulation is ensured,” said Collins. “Stakeholders across these initiatives need accurate, independent data on land and forest cover that they can trust. While satellite data is now abundant, there is a significant lack of accurate insights consistently available across space and time that enable confident decision-making and reporting. We’ve built an audit-grade dataset by taking a science-led approach to mapping the world’s forests, and this funding will help us accelerate the production of datasets across more regions and time periods.”

Financial details of the Series A funding round were not disclosed.