This is the final post on the Cleantech Open Northeast winners. All will be heading to California in a couple of weeks for the national competition. My plan is to review those winners as well. These are all companies that could reshape the direction of clean energy and are worth watching.
Today’s company is SpaceSense out of Paris France. SpaceSense is already generating revenue so they’re a little ahead of most companies going through the Cleantech cohort.
The company’s tag line: Geospatial AI made simple.
How much simpler?
8x faster and 16x cheaper.
I know zero about geospatial, but as a business person I understand faster and cheaper.
The problem SpaceSense is solving is the fragmentation in the data industry. Their platform is accessed through a python library and allows data scientists to create geospatial solutions using AI with no particular expertise.
The only thing I understood in that sentence is – with no particular expertise.
I did look up the definition of a python library.
A python library is a collection of related modules and contains bundles of code that can be used repeatedly in different programs. It makes programming easier as the same software code can be used multiple times for different programs. In other words – faster, cheaper, and assessable by more companies.
Trying to understand their technology is above my paygrade so I’ll focus on the applications. They include sustainable agriculture, risk management solutions for infrastructure assets, and solutions for ESG monitoring and improvement.
SpaceSense makes it easier to track climate changes and events. The insurance industry can use it for risk mitigation. Agriculture can apply it to track crops, carbon sequestration, and trading trends. And it ca assist the energy sector in monitoring infrastructure and optimizing expansion plans.
SpaceSense has been around since 2019 and it raised $1.2 million in its seed round. Easier access to better data is a foundational element of any industry. Hopefully SpaceSense can help provide productivity gains to many sectors of the climate change effort.
Good luck in California