HEO developed a software that generates hi-res imaging and coverage of objects in space
Allens has advised AirTree Ventures on its investment in Australian space technology startup HEO.
AirTree Ventures led the $12m Series A funding round. New and returning investors participated in the round, including Salus VC, Y Combinator, In-Q-Tel, David Harding, and Steve Baxter.
Allens senior associate Madeleine Hunt described the investment as a “significant milestone” for HEO.
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“Our mission has always been to make space activities easier for our customers by leveraging technology, and with the support of Airtree Ventures, we are well-equipped to push the boundaries of what’s possible in non-Earth imaging and space utilization,” Dr Will Crowe, CEO and co-founder of HEO, said in a statement published by SpaceWatch.Global.
HEO developed the HEO Inspect software, which generates high-resolution imaging, data acquisition and coverage of objects in space. The startup announced the completion of the funding round during flagship product event T-Minus.
The startup also officially rebranded from “HEO Robotics” to “HEO” during this event.
The Allens legal team consisted of corporate partner Dominic Anderson, Hunt, and associate Tayla Price.