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Marble Imaging funding, valuation and investors
Bremen-based geospatial analytics company developing a European very-high-resolution Earth-observation satellite constellation.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Seed second close / extension (announced; incremental)
€6M · November 9, 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
Not publicly disclosed
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
seed · Bremen, Germany
Investors in latest funding
Lead: Cherry Ventures
Overview
Marble Imaging, headquartered in Bremen, was founded in August 2023 according to lead seed investor High-Tech Gründerfonds (some secondary sources incorrectly or differently date 2022). On November 9, 2026, Cherry Ventures confirmed leading a further €6 million funding close, following the original €5.3 million seed first close led by HTGF announced December 1, 2025.
These are two portions of the same seed fundraising process (€11.3 million cumulative seed), not an €11.3 million third round. Marble had already disclosed a separate €650,000 pre-seed on May 6, 2024, bringing the identified equity rounds to €11.95 million.
The company also reports more than €10 million in DLR/ESA non-dilutive support, which is not equity financing; its €3 million ESA anchor contract is commercial/contract exposure, not another investment tranche. No valuation disclosed.
What it actually sells today: Marble offers Earth-observation analytics on existing external satellite imagery and is developing its Kaleidoscope geospatial commerce/tasking portal.
Its published portal demo lets a user search public Copernicus Sentinel-2 Level-2A multispectral images by date and area, draw or upload a point/polygon/rectangle, preview data by source and resolution, add selected data to a cart, and request tasks or analyses in a GUI or via API. Available analytic categories include activity and ship detection, marine monitoring, water quality, soil moisture and terrain trafficability.
Its public pricing, service-level commitments, actual paid image purchases and detailed contract terms are not disclosed. A public portal product demonstration is not hands-on testing by VCT.
Crucial technology gate: the company's own 2026 Kaleidoscope documentation says its proprietary Marble Sat-1 / Morgana VIS/NIR 0.7m and SWIR 8m imagery is planned only from launch Q1 2027, not currently in the image catalogue. The satellite passed vibration/proto-flight tests in October 2026, not orbital operation.
A December 2025 investor article projected Q4 2026 launch and up to 20 satellites by 2028; the newer manufacturer documentation supersedes that with Q1 2027 and the November 2026 press discussions target ~30 by 2030. Future daily/hourly revisit targets are plans not operating capability.
Nov 9 independent original interviews report more than 10 customers and a commercial contract pipeline exceeding €20 million. Those figures are management statements; pipeline is not signed or recognized revenue, and an ESA contract must not be counted as equity. Competition includes Planet Labs, Maxar Intelligence, Airbus Defence and Space, BlackSky, and public Copernicus Sentinel-2 (lower resolution).
Unproven risks include launch delays and failures, sensor calibration, ground station and data delivery, space licensing, government procurement, conflict-area access, constellation economics and accuracy of automated derived analytics.
Primary sources: Cherry Ventures Nov 9, 2026 https://cherry.vc/founder-companies/marble-imaging ; High-Tech Gründerfonds Dec 1, 2025 https://www.htgf.de/en/marble-imaging-seed-funding-round/ ; Marble Imaging original May 6, 2024 https://www.marble-imaging.de/news/marble-imaging-gmbh-is-now-marble-imaging-ag ; current official product https://www.marble-imaging.de/kaleidoscope ; October 12, 2026 hardware test https://www.marble-imaging.de/news/marble-sat-1-vibration-test-proto-flight-qualification ; independent original Nov 9, 2026 interview https://techfundingnews.com/marble-imaging-6m-sovereign-satellite-imagery-spacex-launch/ .
Why Marble Imaging is interesting
Cherry Ventures led an additional €6M second seed close on November 9, 2026. Marble's current Kaleidoscope portal works with Sentinel-2 archive imagery; its own first sub-metre satellite has not launched, which changes what customers can buy today.
Product & use cases
Illustrative buyer workflow, grounded in Marble's product page: (1) a coastal-security analyst defines a region and an observation time window; (2) searches the Kaleidoscope Sentinel-2 Level-2A archive by date and region; (3) draws a polygon or imports the area and previews available results; (4) compares imagery/spectral layers and adds selected data to a cart; (5) requests available ship detection, water-quality or terrain analysis and accesses results through the portal or API; (6) validates classifications against known reference observations and decides whether operational data quality is sufficient. The supplier's proprietary 0.7m imagery is planned after a Q1 2027 satellite launch, not obtainable now.
- Maritime-domain awareness and ship/activity detection from accessible satellite data.
- Critical-infrastructure and security-site monitoring, subject to legal and operational imagery limits.
- Soil moisture, land-cover classification and terrain trafficability analytics.
- Climate and water-quality monitoring through multispectral observations.
Key facts
- Nov 9, 2026: €6M additional second seed close led by Cherry Ventures; cumulative seed €11.3M, not €17.3M.
- Dec 1, 2025: €5.3M seed first close led by HTGF; May 2024: €650K separate pre-seed.
- More than €10M non-dilutive DLR/ESA support and €3M ESA anchor contract are not equity rounds.
- Kaleidoscope currently accesses third-party Sentinel-2 imagery and analytics; first Marble-owned satellite target Q1 2027.
- Reported >10 customers and >€20M contract pipeline do not establish €20M booked revenue.
Funding history (newest first)
Seed second close / extension (announced; incremental)
2026-11-09 €6M- Cherry Ventures (lead)
Source: Read source · cherry.vc
Seed first close (announced)
2025-12-01 €5.3M- High-Tech Gründerfonds (lead)
- AUXXO Female Catalyst Fund (participant)
- Lightfield Equity (participant)
- SpaceFounders (participant)
Source: Read source · htgf.de
Competitive landscape
Edge: Potential European-controlled optical constellation integrated with geospatial analytics and procurement workflow. Present-day demonstrated software runs on existing third-party satellite imagery; proprietary high-resolution/spectral specifications and revisit-frequency economics remain unproven until successful orbital deployment.
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Planet Labs direct
Commercial Earth-observation constellation with operating imagery services; resolution/revisit/business model differ from Marble's planned satellites.
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Maxar Intelligence direct
High-resolution commercial Earth imagery and geospatial analytics, already deployed; government-oriented buyers.
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Airbus Defence and Space direct
European geospatial imagery and optical data offering with an operational supplier track record.
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BlackSky direct
Satellite monitoring and analytics, but compare delivery latency, coverage, contract scope and current orbit assets.
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Copernicus Sentinel-2 alternative
Public open multispectral satellite data is available now and appears in Marble's Kaleidoscope archive; much coarser than planned 0.7m proprietary imagery.
Market / IPO context
Editorial / static context — not a live quote.
FAQs about Marble Imaging
Practical answers founders, operators, and investors typically search for.
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