DNV Ventures Invests in Geospatial Intelligence Leader SkyFi to Advance Data-Driven Assurance and Asset Monitoring
DNV Ventures is proud to announce its participation in SkyFi’s Series A financing round.
Founded in Austin, USA, in 2021 by Luke Fischer and Bill Perkins, SkyFi has assembled a seasoned team with expertise spanning satellite, defense, technology, and hedge fund management. The company operates as a geospatial marketplace and Earth Intelligence Platform, aggregating data from a global network of satellite providers to create one of the world’s largest libraries of satellite imagery for on-demand purchase, while enabling users to run AI-powered geospatial analytics. SkyFi’s mission is to transform satellite pixels into actionable insights.
Satellite data is abundant and valuable, yet hard to access
The global satellite data services market is expected to experience significant growth over the coming years, driven by regulatory and market factors such as leak detection within oil & gas and chemicals, infrastructure risk mitigation including weather and climate-related threats, and national security requirements.
Critical assets in offshore, energy, maritime, and information technology sectors must be continuously monitored for both operational and security purposes. This often requires satellite imagery that combines multiple remote sensing modalities as a basis for detecting change to an asset or its surroundings.
Examples of how different remote sensing modalities are applied include:
- Optical imagery for simple visual inspections, such as monitoring the development of a solar power plant;
- Synthetic Aperture Radar (SAR) for assessing weather impacts on the Earth’s surface and detecting soil movement risks around pipelines. SAR is also widely used to monitor ship movements and detect dark ships;
- Hyperspectral imagery for identifying leaks or corrosion by detecting specific materials and substances; and
- Stereo imagery in defense contexts for creating 3D terrain models to plan operations and map critical infrastructure.
Satellite data has countless applications across industries, but accessing the right information remains a major challenge. Organizations that depend on multi-modal, high-resolution imagery for critical operations often face a complex, time-consuming process of coordinating with multiple satellite vendors, leading to gaps in data, and worst case, compromised operations and asset oversight.
SkyFi, enabling rapid access to geospatial intelligence
SkyFi simplifies the cumbersome buying process by aggregating satellite imagery from a network of more than 50 geospatial imaging partners. Through their Earth Intelligence Platform, users can review polygons including specific assets with various image types and resolutions, purchase individual images, or set up recurring orders at a specified frequency from specific dates in the past and future. Additionally, images can be sourced directly via desktop, mobile applications, or through SkyFi’s API, enabling seamless integration into customers’ proprietary asset management software.
SkyFi leverages machine learning and AI to deliver change-detection capabilities within its platform, enabling customers to continuously monitor and understand the condition of their assets, without the need to develop proprietary image-recognition solutions.
Simply put, SkyFi makes it easier to procure imagery and gain the right overview of risks. As co-founder Luke Fischer states: “Geospatial intelligence is essential not only for military and defense purposes but also for commercial applications. From asset and supply chain monitoring to insurance and real estate, energy utilities, agriculture, and environmental protection, we believe that powerful insights from space should be accessible to everyone—not just a select few.”
Well positioned for growth
Since its commercial launch, SkyFi has demonstrated strong market traction, securing major contracts with government agencies within military and defense, and built a diverse enterprise customer base across civilian industries including energy, finance, infrastructure and construction, environmental services, agriculture, insurance, and mining. The company continues to expand its reach as a leading provider of on-demand geospatial intelligence.
As a testament to the importance of technology for defense operations, SkyFi was selected through a rigorous evaluation process to participate in NATO’s Defense Innovation Accelerator for the North Atlantic (DIANA) in 2026.
Series A funding round and strategic partnership with DNV
SkyFi recently closed a Series A funding round, raising $12.7 million to accelerate product innovation and expand its global footprint in on-demand Earth observation. The round was co-led by Buoyant Ventures and IronGate Capital Advisors, with new participation from DNV Ventures, TFX Capital, Beyond Earth Ventures, Nova Threshold, and Chris Morisoli, alongside existing investors RSquared VC and J2 Ventures.
This investment will fuel enhancements to SkyFi’s platform and analytical tools, strengthen partnerships with satellite operators, and deliver broader on-demand data and AI-powered change detection insights for commercial and government customers worldwide.
“We’re excited to welcome DNV Ventures to SkyFi. Their deep understanding of critical infrastructure and maritime industries aligns perfectly with our mission to make Earth observation data accessible to organizations that need it most”, says Luke Fischer, CEO and Co-Founder of SkyFi.
DNV Ventures is excited to support SkyFi and its talented team on their journey to become the preferred AI-driven platform for geospatial intelligence and Earth observation.
"SkyFi has established itself as a critical geospatial images vendor in the rapidly expanding Earth observation market, simplifying access to complex data for enterprise and government clients alike, paving the way for the creation of new critical applications for asset monitoring and infrastructure security" said Kaare Helle, Venture Director at DNV Ventures. "Their platform is a perfect strategic fit for DNV’s mission to safeguard life, property, and the environment. We are excited to work with the seasoned team to explore how technology can strengthen our services and the value we provide for our customers."