LiveEO receives 19 million euros in strategic investment

LiveEO is a data analytics platform that uses satellite imagery to provide infrastructure monitoring in railways, power and pipelines, and enables operators to save on operating expenses by observing threats from outside. LiveEO recently announced that it has raised a new round of financing of 19 million euros (equivalent to 19.5 million US dollars), led by MMC Ventures. In addition to venture capital, the company has also received financial backing from the European Commission and Investitionsbank Berlin. “LiveEO” previous investors Dieter von Holtzbrinck Ventures (DvH Ventures), Helen Ventures, Matterwave and motu ventures and new investors Segenia Capital, Hannover Digital Investments (HDInv) also participated in this round of financing.

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