Luxembourg
CONTEC Space, founded in 2019, is an emerging player at the intersection of the Space and Telecom industries. With its headquarters in Luxembourg and operational stronghold in South Korea, this startup has crafted a compelling niche by providing comprehensive space ground station services through its own and partnered facilities worldwide.
The company's specialization extends to offering cutting-edge satellite imagery analysis. By leveraging deep learning algorithms, CONTEC Space focuses on urban change detection for Smart Cities, aiming to aid local governments in urban development initiatives. The commitment to quality service positions the company as a valuable player for municipalities seeking to harness satellite data for transformative urban planning.
Financially, CONTEC Space secured a significant investment boost with a KRW61.00B Series C round on 10 June 2022. This was backed by a robust consortium including Korea Investment Partners, Korea Development Bank, Partners Investment, and others. These endorsements underscore the investors' confidence in the company’s strategic direction and growth potential.
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