Spanish space-tech startup Xoople has secured $130 million in a Series B funding round as it aims to create a high-precision Earth data infrastructure tailored for artificial intelligence applications. The round was led by Nazca Capital, with participation from MCH Private Equity, CDTI (a Spanish government-backed technology fund), Buenavista Equity Partners, and Endeavor Catalyst, bringing the company’s total funding to approximately $225 million.
Founded in 2019, Xoople is working on developing a satellite constellation designed to capture detailed Earth observation data specifically optimized for training and improving AI models. The company has spent several years building its technology stack using publicly available satellite data and integrating it with enterprise cloud platforms to deliver actionable insights.
As part of its expansion, Xoople has partnered with U.S.-based aerospace and defense firm L3Harris Technologies to develop advanced sensors for its satellites. According to CEO and co-founder Fabrizio Pirondini, these sensors are expected to generate data “two orders of magnitude better than existing monitoring systems,” highlighting the company’s focus on delivering superior data quality.
The startup positions itself as a provider of “ground truth” data for enterprises, embedding its solutions directly into existing ecosystems so businesses and governments can access and utilize Earth intelligence seamlessly. Pirondini explained, “Our business model is all about embedding our data and our solutions directly to the ecosystem… so that they can provide those services directly to their customers.”
Xoople’s platform is expected to support a wide range of use cases, including monitoring transportation networks, assessing damage from natural disasters, tracking agricultural health, and overseeing infrastructure and supply chains. By combining satellite data with AI capabilities, the company aims to build what it describes as “Earth’s System of Record,” a comprehensive digital representation of real-world changes.
Despite entering a competitive market that includes established players such as Planet, BlackSky, and Airbus, Xoople is differentiating itself through its enterprise-focused distribution strategy and emphasis on data precision. Industry experts note that the company has already integrated its services with major platforms like Microsoft and Esri, positioning itself within ecosystems widely used by enterprise and government clients.
While the company has not disclosed its valuation, Pirondini indicated that it has reached “unicorn territory,” signaling strong investor confidence in the intersection of space technology and AI. With fresh capital and strategic partnerships in place, Xoople is now focused on executing its vision of delivering next-generation geospatial intelligence powered by artificial intelligence.
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