Fleet Space Technologies Raises $150 Million Funding

Fleet Space Technologies has successfully secured $150 million in a Series D funding round, raising its valuation to over $800 million. This funding, led by Teachers' Venture Growth along with existing investors, will be utilized to enhance the capabilities of its ExoSphere platform, which integrates nanosatellites and AI for efficient critical mineral exploration. Founded in 2015, Fleet Space aims to address the increasing demand for critical minerals essential for the global energy transition. The ExoSphere platform allows for advanced 3D subsurface imaging, facilitating sustainable mineral discovery without extensive ground disruption. CEO Flavia Tata Nardini emphasized the urgent need for breakthroughs in mineral exploration technology to meet global net-zero targets. The company's technology is currently deployed by over 40 industry partners worldwide.