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Setting the Scene
Believe it or not, many locations on Google Maps are inaccurate by a few meters. 🧐
While this may be a minor inconvenience for the casual user, it poses challenges in sectors like aviation, defense, and urban planning.
Current mapping technology called LiDAR measures the Earth from aircrafts or drones but is limited by flight ranges, weather disruptions, and hard-to-reach areas.
Today, only 5% of the world has been mapped accurately.
This week's company harnesses the power of satellites and LiDAR technology to accurately map the Earth in 3D.
In a Sentence
NUVIEW is a geospatial technology company that maps the Earth using satellites and LiDAR for a broad set of use cases..
Satellites: Capture and visualize the Earth's surface in 3D, allowing for a comprehensive view of terrain, structures, and objects.
LiDAR: This stands for Light Detection and Ranging, where the company sends laser beams from the satellites to measure distances.
Use cases: Commercial applications include forest monitoring, coastal planning, flood risk management, defense, and urban zoning.
Bulleted version: Think of NUVIEW as the transition from using a manual tape measurer, with its potential inaccuracies, to a precise laser measurer. 📏
The Basics
Industry: Geospatial Analytics, Environmental Tech
Headquarters: Orlando, Florida
Year founded: 2021
Employee count: 8 FTEs
Investors: Broom Ventures, Cortado Ventures, Florida Funders, Industrious Ventures, Jason Eichenholz, Leonardo DiCaprio, Liquid 2, MaC Venture Capital, Veto Capital
Amount raised: $3M pre-seed in Jan 2022
Currently raising: Series A with $14M committed
Business model: Contractual work
Early traction: $1.2B in LOIs and early adopter agreements including a secured contract from the U.S. Department of Defense.
IN PARTNERSHIP WITH
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In full, Masterworks has delivered: 32%, 39.3%, 36.2%, 27.3%, 9.2%, 33.1%, 21.5%, 17.8%, 13.9%, 35%, 10.4%, 325.5%, 4.1%, 17.6%, and 77.3%, net annualized returns.
Every sale but one outperformed the stock market in the period from when it was offered to when it was sold.
With performance like that, offerings on the platform can sell out in minutes. However, Bulletpitch readers can skip the waitlist to join with this exclusive link.
Performance of exited investments is not representative of artwork that has not yet sold and past performance is not indicative of future results. See important disclosures at masterworks.com/cd.
Due Diligence
WHAT WE LIKE
⬆️ Massive market expansion: NUVIEW has the potential to expand the ~$60B geospatial market by mapping parts of the Earth that have yet to be captured with existing LiDAR technology.
By penetrating trees and mapping water bodies from space, NUVIEW unlocks numerous opportunities for LiDAR use cases.
🥇 First-mover advantage: NUVIEW offers the first space-based commercial LiDAR satellite fleet to conduct accurate mapping at a lower price point.
🤝 Varied use cases: NUVIEW’s technology serves a variety of commercial and governmental use cases across energy and infrastructure, agriculture, forestry, insurance, mapping, intelligence, and emergency response.
The company already has massive contracts signed with energy analytics, national defense, land use, and coastline mapping.
POTENTIAL RISKS
🚀 Launch timeline: NUVIEW must hit key prototype, software, and integration milestones in the next 24 months to meet contracts and take advantage of the greenfield opportunity with few competitors.
⚙️ Technical risks: Satellite LiDAR technology is complicated and sensitive to a variety of technical limitations, which could impact the accuracy and applicability of the company’s technology.
💰 Capital intensive: The company must spend upfront to build and maintain satellites and abide by regulatory requirements, and build an MVP before seeing its first customer check.
Cartoon by Jesse
Founder Profile
Clint Graumann, CEO: Former co-founder and CEO of TerraMetric, CCO of Agrian and MD at RapidEYE and BlackBridge.
Katie Graumann, COO: Former co-founder and COO of TerraMetric and international gold medalist in boat racing.
To request an introduction to the founder, respond to this email.
Comps.
Array Labs: Backed by Seraphim Space, Y Combinator, Agya Ventures, and others
Pixxel: Backed by Google, Accenture, Radical Ventures, and others.
Descartes Labs: Backed by Union Grove Venture Partners, March Capital, Cultivation Sandbox, and others.
Ecopia AI: Bootstrapped.
Why NUVIEW: Pioneering commercial LiDAR technology from space, NUVIEW aims to eclipse traditional mapping and add a new dimension to geospatial intelligence across industries. 🌍🛰️🔍
📌 Bulletin Board
IN PARTNERSHIP WITH
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📈 This week in venture: WeWork, the early pioneer of co-working that once boasted a $47B valuation, might be in trouble again.
💡 The innovation situation: That sports broadcaster you listen to might actually be AI.
*This is sponsored content.
🗳 Cast Your Vote
What do you think of NUVIEW? |
Last Week Today
The results are in: USourced, an AI-powered platform that generates and designs custom products and connects customers with manufacturers, was heavily favored.
Subscriber feedback: “With a steady demand for customized products, a fragmented market, and streamlined workflow, this is a clear winner.”
