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Advanced / Transformational Technology

Albedo Raises $35 Million With Booz Allen Investment

By Rachel Jewett

Tuesday, January 23rd, 2024

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Albedo Raises $35 Million With Booz Allen Investment

A simulated image of what Albedo’s Very Low Orbit satellite imagery will look like. Photo: Albedo

Albedo raised a $35 million Series A-1 financing round announced on Tuesday to launch the company’s first operational satellite to collect ultra-high resolution imagery. These funds bring Albedo’s total funding to $97 million. Standard Investments led the round and new investors Booz Allen Ventures, Cubit Capital, and Bill Perkins joined the round as well. The investment from Booz Allen Ventures’ investment was the first space-specific investment made by the fund. The round also included participation from existing investors Breakthrough Energy…

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