Madrid-based data AI startup Xoople, which uses AI to turn Earth data into real-time insights, has secured €115 million in an equity round.
- Launched in 2019, Xoople develops AI-powered Earth intelligence systems that transform raw Earth observation data into real-time, actionable insights.
- The company uses proprietary technology to create consistent, high-quality, AI-ready datasets seamlessly integrating with enterprise and GIS platforms.
- With an end-to-end system, including a planned satellite constellation, Xoople enables organizations to detect change, recognize patterns, and make faster, smarter decisions in industries such as agriculture, logistics, finance, and sustainability.
Details of the deal
- The equity round was supported by a mix of Spanish and international investors, including CDTI, a public entity under the Spanish Ministry of Science, Innovation and Universities.
“Our investment in Xoople reflects Spain’s commitment to innovation and technological sovereignty. What sets Xoople apart, even within our strong national portfolio of deeptech companies, is its potential to power enterprise AI systems in Spain and beyond," CDTI President and Secretary General for Innovation in the Spanish Ministry of Science, Innovation and Universities, Teresa Riesgo, stated.
- AXIS, a venture capital manager wholly owned by Instituto de Crédito Oficial (ICO), and Agencia Espacial Española, has also participated in the round.
- The €115 million funding will help Xoople expand its EarthAI technology, including growing its satellite constellation and improving its Earth Data services.
- The fresh capital will also support scaling up operations and enhancing AI-ready datasets for industries like agriculture, logistics, and finance.
“We are humbled and grateful that our investors and partners share our vision to develop and fuel the new era of EarthAI. In our volatile world, the ability to quickly detect and precisely understand changes on the Earth’s surface is more crucial than ever," CEO of Xoople, Fabrizio Pirondini, commented.
