Spain’s Xoople raises $130m to build the data infrastructure AI needs to understand Earth
In short: Xoople, a Madrid-based geospatial data company founded in 2019, has raised a $130 million Series B led by Nazca Capital, bringing its total funding to $225 million and pushing its valuation into unicorn territory. The round was co-invested by MCH Private Equity, CDTI (the Spanish government’s technology development fund), Buenavista Equity Partners, and Endeavor Catalyst. Alongside the raise, Xoople announced a partnership with US space and defence contractor L3Harris Technologies to build sensors for its own satellite constellation, designed to produce Earth surface data it says will be “two orders of magnitude better than existing monitoring systems.” The company’s EarthAI platform, built on Microsoft Azure and distributed through Microsoft and Esri, delivers continuous surface intelligence for insurers, farmers, governments, and infrastructure operators.