Meet Albedo + Stealth AI Startup + Some more AI startups mentions..

Dear Reader, 

The world is evolving at an unbelievable pace, and to address some of our most critical problems, transparency and openness are required to a new level. An AI-powered startup is developing low-flying satellites with the highest commercially achievable thermal and visual imaging resolution.

In this newsletter post, we would like to feature Albedo — a cool startup and the first company to offer space-based aerial images. Using AI-driven algorithms, Albedo is building low-flying satellites that can sift through mountains of data, detect anomalies and trends automatically, and provide a more comprehensive aerial perspective of Earth.

Albedo is reimagining the conventional wisdom about earth observation satellites and creating an elegant, reliable platform that can operate at extremely low altitudes. Their mid-sized and cost-effective satellite can gather data of exceptional quality. The constellation now being developed will simultaneously pick thermal infrared images at 2 meters and native optical imagery at 10 centimeters (cm), the same resolutions that can only be collected by planes and drones. However, this new constellation will cover the entire planet with high-frequency on-demand coverage.

Benefits of Albedo

• Compared to other AI solutions, Albedo's satellite stands out because it can address three critical issues: stability, agility, and accuracy.

• Maps, insurance, utilities, solar, agriculture, carbon offsets, infrastructure sustainability, national security, and countless other industries will benefit from Albedo's 10cm visible and 2m thermal images.

• A delivery pipeline focused on the cloud: less than an hour between collection and usage—data prepared for analysis. Put data to use instead of wasting time processing it.

Round of Funding

The most recent $35 million Series A-1 funding round for Albedo brought around $97 million. The diverse range of backers for Albedo, including defense technology specialist Shield Capital and Bill Gates's Breakthrough Energy Ventures, highlights the adaptability of VLEO technology. 

Key takeaways

• The world is evolving at an unbelievable pace, and to address some of our most critical problems, transparency, and openness are required to a new level. An AI-powered startup is developing low-flying satellites with the highest commercially achievable thermal and visual imaging resolution.

• The first company to provide aerial photographs taken from space is Albedo.

• Maps, insurance, utilities, solar, agriculture, carbon offsets, infrastructure sustainability, national security, and countless other industries will benefit from Albedo's 10cm visible and 2m thermal images.

Conclusion and the way forward

Companies that build satellites using AI are becoming more common as AI's capabilities increase. These entrepreneurs are supporting the cause of developing new and improved satellites quickly, which is crucial for the transition to a transparent future. Albedo is preparing to launch its first commercial satellite in the first half of 2025. After that, they plan to introduce a full constellation of 24 birds that will provide five daily trips. Nevertheless, it was only after that date that a schedule was determined.

• Spinach io: Gartner predicts 80% of project management tasks will be run by AI by 2030. Spinach_io is an AI-powered tool that supercharges project management by automating tasks. [Raised $6.2M]

• VoCode: Vocode is an open-source library for building voice-based LLM applications. [Raised $3.8M]

• Umbrelly. Cloud: Umbrelly.Cloud is an AI-Powered Cloud Cost Optimization Platform, offering Savings up to 25% for AWS, Google Cloud, and Azure users..[Raised Undisclosed Amount]

• Venture Scout

• The Daily Bite by Snack Prompt

• AI Minds Newsletter