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§ Private Profile · Adelaide, Australia
Space and AI technology company providing real-time data for critical mineral exploration via its ExoSphere platform.
Based in Adelaide, South Australia, Fleet Space Technologies develops low Earth orbit satellites, smart seismic sensors, and artificial intelligence software to provide real-time data for critical mineral exploration. The company operates the ExoSphere platform, an end-to-end solution that accelerates targeting insights for the global mining industry while minimizing environmental impact and supporting broader decarbonization efforts. To support its international scale, the firm maintains additional corporate offices across Australia, the United States, and Canada. In December 2024, the enterprise closed an A$150 million Series D funding round, bringing its post-money valuation to over A$800 million. This financing was led by Teachers’ Venture Growth, with participation from global institutional backers including Blackbird Ventures, Horizons Ventures, Hostplus, and Artesian Venture Partners. Fleet Space Technologies was founded in 2015 by Flavia Tata Nardini, Matt Pearson, and Dr Matthew Tetlow.
Fleet Space Technologies has raised $170.0M across 5 funding rounds.
Fleet Space Technologies has raised $170.0M in total across 5 funding rounds.
Fleet Space Technologies is an Australian space company building a constellation of nanosatellites, edge-computing sensors (Geodes), and AI-powered analytics via its flagship ExoSphere platform to deliver real-time, space-enabled insights for mineral exploration, IoT connectivity, defense, and planetary missions.[1][2][3] It serves mining companies, energy firms, agriculture, defense sectors, and space agencies by solving challenges in remote data collection, 3D subsurface mapping, and secure low-Earth orbit communications, enabling faster discoveries with lower environmental impact and global IoT scalability.[1][2][3] With over 100 employees, headquarters in Adelaide, and offices in the US, Canada, Chile, and Luxembourg, Fleet has achieved rapid growth, including partnerships with NASA for lunar missions and collaborations with Australia's Defence Space Command.[1][3][7]
Fleet Space Technologies emerged from a visionary question: "How do we explore other worlds?"—prompting a reimagining of Earth exploration technologies that now extend to space.[3] Founded in Adelaide, South Australia, as an agile "New Space" player, the company began developing low-cost nanosatellites for global IoT connectivity around 2017, launching initial test satellites via Falcon 9 and PSLV-C43 with ground segment support from Leaf Space.[6] Early traction came from its Centauri constellation and ExoSphere, disrupting mineral exploration and securing defense projects, while pivotal moments include scaling to over 100 employees, global expansion, and NASA partnerships for 2026 lunar missions using lab-built tech.[1][4][7] This evolution from IoT startups to a leader in satellite digital beamforming and edge computing reflects Australia's space ecosystem strengths.[1][2]
Fleet rides the New Space wave and critical minerals boom, fueled by demand for sustainable exploration amid energy transitions and geopolitical resource needs.[1][4] Timing aligns with Australia's space industry growth, sovereign defense capabilities, and international missions like Artemis, where Fleet's IoT/satellite tech addresses remote data gaps in mining (e.g., for Ma’aden) and planetary science (lunar lava tubes, Martian minerals).[3][4][7] Market forces like IoT proliferation, edge AI, and LEO constellations (competing with Starlink-like networks) favor its low-power, scalable model, while partnerships amplify Australia's role in allied space supply chains and global mineral value chains.[1][2][4]
Fleet is poised to expand ExoSphere beyond Earth, powering Moon/Mars missions with NASA and grants for space supply chains, while scaling defense satellites and IoT for mining/energy.[1][3][7] Trends like AI-geoscience fusion, sovereign LEO networks, and critical minerals shortages will propel growth, potentially unlocking massive IoT deployments and interplanetary connectivity.[2][4] Its influence may evolve from exploration disruptor to backbone of multi-planetary infrastructure, connecting worlds as envisioned—turning a bold Australian startup into a global space powerhouse.[3][5]
Fleet Space Technologies has raised $170.0M in total across 5 funding rounds.
Fleet Space Technologies's investors include Alumni Ventures, Blackbird Ventures Australia, Comcast Ventures, Craft Ventures, Draper Associates, Dynamo Ventures, ENIAC Ventures, Jenny Fielding, Scott Hartley, Fifth Wall, Great Oaks Venture Capital, Blake Wu.
Fleet Space Technologies has raised $170.0M across 5 funding rounds. Most recently, it raised $100.0M Series D in December 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2024 | $100M Series D | — | Alumni Ventures, Blackbird Ventures Australia, Comcast Ventures, Craft Ventures, Draper Associates, Dynamo Ventures, Eniac Ventures, Jenny Fielding, Scott Hartley, Fifth Wall, Great Oaks Venture Capital, Blake WU, Outlander Labs, Peterson Partners, Social Capital, Transmedia Capital, VantagePoint Capital Partners, Varsha RAO | Announced |
| May 1, 2023 | $33M Series C | — | Blackbird Ventures Australia, Jenny Fielding, Scott Hartley | Announced |
| Nov 1, 2021 | $26M Series B | Blackbird Ventures Australia, Grok Ventures | Alumni Ventures, Comcast Ventures, Jenny Fielding, Scott Hartley, Momenta Ventures, Outrun Ventures, Pario Ventures, Will Brooks, Will Martin | Announced |
| Sep 1, 2019 | $7M Series A | — | March Capital, Momenta Ventures, Piva Capital, Konstantin VON Unger | Announced |
| Apr 1, 2017 | $4M Series A | — | Blackbird Ventures Australia, Jenny Fielding, Scott Hartley | Announced |