Xoople, a Tres Cantos, Spain-based provider of enterprise-grade Earth data infrastructure for AI, has raised $130 million in Series B funding led by Nazca Capital. The company delivers verifiable time-series measurements of physical changes on Earth's surface via APIs integrated into enterprise workflows. The capital brings total funding to $225 million and supports entry into the commercialization phase, including building a proprietary satellite constellation with L3Harris.
EU EO Missions Accelerate
Xoople's raise aligns with surging European space activity, including ESA's plan for 65 missions in 2026 driven by Earth observation per Aviation Week. The EU also opened a Horizon Europe Space Research call with €90.97 million budget via HADEA. This timing underscores demand for AI-ready geospatial data amid government and enterprise needs in climate and infrastructure monitoring.
Physical Data Gap Costs Billions
Enterprises and governments face a physical-world knowledge gap, limiting AI models trained on incomplete Earth data. Current solutions rely on fragmented satellite imagery lacking consistent, verifiable change detection. Xoople targets industries like agriculture, energy, and defense where real-time surface monitoring drives decisions on risks like glaciers and supply chains.
AI-Native Data Layer Emerges
Xoople's Earth's System of Record™ fuses satellite data with AI for daily global change indices consumable via APIs. Unlike imagery providers, it emphasizes infrastructure embeddable in tools like Microsoft Power BI and Esri platforms. Partnerships with Esri, Microsoft, and EY validate this distribution strategy ahead of full satellite deployment.
As CEO Fabrizio Pirondini told TechCrunch:
"a stream of data that is going to be two orders of magnitude better than existing monitoring systems"
Spanish PE Backs Spacetech Scale
Nazca Capital led with its €600 million aerospace and defense fund, joined by MCH Private Equity, Buenavista Equity Partners, CDTI, and Endeavor Catalyst. Nazca's prior bet on PLD Space signals conviction in Spanish space leaders. This mix of regional growth capital and government support positions Xoople as a national asset in the EU's AI-space race.
Satellite EO Market Expands
The satellite-based Earth observation market stands at $4.30 billion in 2025, projected to reach $6.29 billion by 2030 at 7.9% CAGR according to Mordor Intelligence. Broader geospatial analytics could hit $226 billion by 2030 per Grand View Research. Planet Labs recently reported its first profitable year with $308 million FY2026 revenue and $900 million backlog, highlighting commercial viability via Planet investors.
Competitors like BlackSky focus on real-time intelligence, while Xoople prioritizes AI infrastructure for broad enterprise use.
Repeat EO Founders Return
Co-founders Fabrizio Pirondini (CEO) and Álvaro Coronado Cid (CFO) previously led Deimos Imaging, acquired by UrtheCast for €76 million in 2015 per SpaceNews. The team includes ex-Maxar Earth intelligence leads and AWS location data experts, blending proven satellite execution with enterprise scaling expertise.
Constellation Buildout Accelerates
Post-raise, Xoople hired CCO Pearl Chen (ex-Microsoft), CMO Jessica Dye, SVP Engineering Fabio Pacifici, and COO Massimiliano Vitale. Customers like Alaska Department of Transportation already use its data for glacier monitoring. Funds fuel L3Harris sensor integration and global expansion via Private Preview Program partners.