Urban Sky Theory, Inc.
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Urban Sky Theory, Inc. - overview
Established
2019
Location
Denver, CO, US
Primary Industry
Aerospace
About
Founded in 2019 and based in Colorado, US, Urban Sky Theory, Inc. develops a reusable stratospheric balloon used in analyzing and providing aerial imagery collection of various areas or locations. The company was founded by its CEO Andrew Antonio, along with Jared Leidich. Mr.
Antonio also served as the Head of Marketing, Commercial Business Development, and Space Tourism Sales at World View and as an IoT Product Management and Strategic Go-to-Market role for Dahaner. In October 2023, Urban Sky Theory, Inc. raised USD 9. 75 million in series A funding co-led by New Legacy Ventures, Lerer Hippeau, and Lavrock Ventures, with participation from DA Ventures.
The company develops Microballoon™, a reusable stratospheric balloon used in analyzing and providing high-quality aerial imagery collection of a certain area or location. It was a low-cost maintenance imagery provider compare to a satellite and only needed minimal personnel to operate. It helps in providing analytical data in remote sensing and weather-related field. The company's revenue is generated by selling its reusable stratospheric balloon for industrial use.
The company plans to use the proceeds of its latest October 2023 funding to expand its business operation and invest in sensor companies.
Current Investors
Techstars , TenOneTen Ventures, New Stack Ventures
Primary Industry
Aerospace
Sub Industries
Aerospace
Website
www.urbansky.com
Verticals
IoT (Internet of Things), Manufacturing
Company Stage
Series B
Total Amount Raised
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