Tilebox Raises €1.5M Pre-Seed Round

Tilebox Raises €1.5M Pre-Seed Round

Tilebox, the first integrated midstream platform for the space industry, announces the successful close of its pre-seed round, raising €1.5 million. The financing round was led by Cocoa Ventures, Possible Ventures, and Remote First Capital, along with Findus Ventures and Luis Sanz, CEO of CARTO.

Effectively managing and leveraging data has become critical as the space industry experiences exponential growth, with over $500 billion in projected revenue by 2030-2040. Carmen Alfonso, Partner at Cocoa Ventures, recognizes the game-changing potential of the startup. She commented, “Tilebox has identified an unmet need and an opportunity to improve how companies manage space data radically. The fact that they have attracted customers, even at this early stage, is a testament to the pressing need for comprehensive space data management solutions. With their deep technical expertise and commitment to innovation, Laura and Stefan are best positioned to transform a fast-growing industry”.

TileBox Empowering Space Organizations

Tilebox’s vision is to transform the way space companies handle their valuable data by providing a powerful, reliable, and scalable solution that enables space companies to develop their in-house data pipelines more efficiently and effectively than currently possible. Therefore, by eliminating friction between teams and the costly maintenance of suboptimal solutions, Tilebox empowers organizations to maximize the value of their space assets and build products that benefit society.

Tilebox’s core solutions are flexible and high-performance data processing capabilities, integrations with downstream services like analytics tools and marketplaces, and interfaces upstream toward space service providers. Moreover, this leads to improved efficiency by empowering space companies to streamline their in-house data pipelines, achieving the full potential of their missions.

Stefan Amberger, the co-founder of Tilebox, added: “In an industry where good software and infrastructure is critical, and midstream software is underserved, Tilebox stands out. We provide reliable and cost-efficient software tools for space companies to implement their data pipelines, enhancing efficiency, keeping development speed up and maintenance costs down, and enabling readiness for technologies like AI, all with a strong focus on security.”

The raised funds will be utilized to expand the team, enhance platform capabilities, and further solidify Tilebox’s position as the go-to solution for space data management on Earth and in orbit.

About The Author

Gia Butt

Gia is an incoming university student at LUMS. She has a passion for all things literature, fashion, and content creation.

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