Introduction to Xoople
Xoople, a Spanish startup, has recently emerged from stealth mode and announced the successful closure of its latest equity round, securing a total of €115 million in funding. This significant investment is one of the largest made through Spain’s Innvierte programme. The company’s shareholders include a mix of Spanish and international investors, such as CDTI, a public entity under the Spanish Ministry of Economy and Competitiveness, and AXIS, a VC manager wholly owned by Instituto de Crédito Oficial (ICO). The Spanish Space Agency also supports Xoople.
What is Xoople?
Xoople is the world’s first purpose-built Earth Intelligence company, founded in 2019. Its primary goal is to develop the next generation of AI-ready Earth Data, enabling a systematic understanding of physical changes on the Earth’s surface. By using Xoople’s data, businesses and communities can recognize patterns, detect changes, and gain predictive insights.
How Does Xoople Work?
Xoople’s end-to-end system has been developed in collaboration with customers from multiple industries and geographies. The system produces a stream of Earth Data designed to be processed by powerful AI at scale, integrating with Geospatial Reasoning and Enterprise Intelligence. This allows for the recognition of patterns, detection of change, and provision of predictive insights about the world.
Partnerships and Support
Xoople has gained support from notable partners, including Esri, the world’s largest geospatial software company. Richard Cooke, Esri Corporate Director and Global Head of Sales and Marketing, expressed his admiration for Xoople’s vision, talent, and momentum. He believes that Xoople’s purpose-built Earth Intelligence service is solving unmet business needs by delivering AI-ready data and authoritative insights rooted in scientific rigor.
Collaboration with Microsoft
Xoople has also collaborated with Microsoft, which provides substantial Azure services to meet customer data processing demands. This partnership enables Xoople to process large amounts of data and provide insights to its customers.
Future Plans
With its upcoming satellite constellation, Xoople aims to further improve its Earth Data offering, unlocking the potential of EarthAI. The company plans to deliver AI-ready global datasets that facilitate solving real-world problems at scale. Xoople’s goal is to put critical data about changes on the Earth’s surface in the hands of those who need it most.
Applications and Potential
The applications of Xoople’s technology are vast, ranging from agriculture and logistics to financial services. The company has the potential to facilitate businesses’ ability to drive efficiencies, measure sustainability progress, mitigate risk, and innovate for the future.
Support from Spanish Authorities
Teresa Riesgo, CDTI President and Secretary General for Innovation in the Spanish Ministry of Science, Innovation and Universities, expressed Spain’s commitment to innovation and technological sovereignty. She believes that Xoople has the potential to power enterprise AI systems in Spain and beyond. Juan Carlos Cortes Pulido, Spanish Space Agency (AEE) Director, also praised Xoople’s vision, stating that it aligns with the agency’s mission to improve daily life by turning data into something actionable.
Conclusion
In conclusion, Xoople is a pioneering Earth Intelligence company that has secured significant funding and support from notable investors and partners. With its innovative technology and collaborative approach, Xoople has the potential to transform the way businesses and communities understand and respond to changes on the Earth’s surface. As the company continues to grow and develop its services, it is likely to have a profound impact on various industries and contribute to a more sustainable future for communities worldwide.
