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31% of the Earth’s land is covered by forest, an area larger than all of North America and South America combined. Forests have become fortresses for military vehicles and structures, and safe havens for activities such as illegal mining and human trafficking. The only way today to provide situational awareness in forests is by putting people or equipment at risk, given the inability of existing Earth observation satellites to see through tree canopy cover.
Spiral Blue is providing situational awareness below tree canopies anywhere on Earth, from the safest vantage point possible. Leveraging our deep expertise in Space Edge Computing, our patented technology enables us to reduce orbit average power by 10x, helping reduce costs by 40x compared to drone LiDAR. We will launch our first satellite in 2026, and roll out a full constellation of 100 satellites by 2029. This will enable quarterly remaps of the entire planet with multiple tasking opportunities per week.
Defence and Intelligence are our beachheads into a largely untapped market for LIDAR data. We will expand from there into monitoring biomass and biodiversity, coastal erosion, urban development, bushfire and flood risk, and bathymetry. We estimate a market opportunity of $13.1 billion by 2030 for our LiDAR data, not including further opportunities in missile defence, space domain awareness, and planetary/asteroid mapping.
We will open a $1MM pre-seed in early 2025 to fund the launch of our first satellite in mid-2026. This will enable us to begin winning pilot contracts, including a pilot contract worth $1.2MM from the National Reconnaissance Office. We will further raise a $5MM seed round to bring us to profitability.
CEO Taofiq Huq has worked with the Australian Geospatial Intelligence Organisation, and helped build for Australian Defence Space Command and the Breakthrough Foundation. Throughout his 10 year career in space, Taofiq has developed hardware and software flying onboard 10 missions in orbit.
COO MJ Akter has 7 years experience handling operations and marketing for startups and corporates, including GlaxoSmithKline and Global Access Partners.
Head of GIS Bipul Neupane has spent an 18 year career in Earth observation in the forestry and carbon sectors, including with the Nepal Agroforestry Foundation and Greencollar.
We’ve confirmed interest for our LiDAR data from the US National Reconnaissance Office (NRO), the biggest spy agency on the planet. We've also been invited to supply LiDAR data products to 4 state governments in Australia. Outside of government and defence, we've signed agreements with 17 customers and partners for commercial opportunities across 5 continents. Altogether this represents more than $460 million in annual demand. And this isn’t just theoretical. We have now built and lab tested our first LiDAR prototype and kicked off our drone testing program.
We are raising a $1 million pre-seed round in Q2 2025 to launch the first ever commercial LiDAR Earth observation mission to flight-qualify our LiDAR-optical multisensor technology, and begin winning pilot contracts, including with the NRO.