Albedo, the first company to offer aerial quality imagery from space - enabled by the new orbit frontier of VLEO (very low earth orbit) - today announced a $35M Series A-1 financing round led by Standard Investments, bringing the company's total funding to $97M.

Participation in the round included new investors Booz Allen Ventures, Cubit Capital, and Bill Perkins, along with existing investors Breakthrough Energy Ventures, Shield Capital, Initialized Capital, Y Combinator, Giant Step Capital, Republic Capital, and other undisclosed participants. In addition, Ben Sampson, Managing Director of Standard Investments, will join the Albedo Board of Directors.

Albedo builds VLEO satellites that collect visible and thermal imagery at the highest resolution commercially available. Once launched, the company will operate the satellites to provide imagery-as-a-service to industries including agriculture, insurance, energy, mapping, utilities, and defense.