Latitudo 40

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About your organization

Latitudo 40 is a spin-off company of University of Naples and has a team with over 20 years of experience on the market of remote sensing technologies. Combining these two factors has shaped Latitudo 40 as an innovative image analysis and artificial intelligence skilled company, deriving technical and scientific background from the Academia and combining it with industry-based competencies.

Over the last 2 years Latitudo 40 has concentrated its efforts in research and development on space applications and in particular in the downstream sector of earth observation, to launch on the market a cloud-based solution. This solution combines the great experience in information technology and big data with the new skills related to applying artificial intelligence algorithms and deep learning to better understand our planet's phenomena through the images produced by earth observation satellites.

In 2021 Latitudo40 became part of the Techstars portfolio, with a major investment, to grow in the international market on the themes of Smart Cities and Urban Data Platforms and selected by ESA as one of the top 6 downstream companies. In 2022 EIT CLIMATE KIC invested in our company with a Climate Safe and Uplink/World Economic Forum ranked us as one of top 15 innovators (biodiverity cities).

Today, Latitudo 40 is fully operational in the 'smart cities & place from SPACE' market, with a SaaS solution offering the information to plan a long-term climate and sustainability strategy.

News

Vincenzo Vecchio

Published 3 years ago

Latitudo 40 selected by Techstars 21 Smart Mobility Accelerator

Announcing the 2021 Class of the Techstars Smart Mobility Accelerator

January 25th, 2021

By Martin Olczyk, Managing Director of the Techstars Smart Mobility Accelerator

Exactly one year ago, when I wrote a similar announcement about the inaugural Techstars Smart Mobility class, I never would have imagined that 5 weeks into the program we would be the first Techstars accelerator to go entirely virtual and we would all be faced with a new world due to a global pandemic. Fast forward 12 months and the world turned upside down and went virtual, we’ve finished an extremely successful first-year program, our companies have raised millions of dollars in funding and grown exponentially (some have grown revenues by +2,000%!!!), and continue to do so in 2021. No question, our inaugural class set an exceptionally high bar but we know that our 2021 class will be similarly great.

During this year’s application process we’ve reviewed and spoke with more startups than ever before, resulting in a very high number of applications from across the world. Ultimately, we identified 12 exceptional startups from Italy, Israel, Latvia, the UK, the US, and Portugal to join us for our 2021 program. The companies represent a wide range of industries including supply chain, logistics, automotive, air quality, industry 4.0, micromobility, and satellite monitoring, and I’m thrilled to work with the teams starting today.

Benefitting from the budding Italian Ecosystem

Italy’s ecosystem is booming. VC funding has grown by 5x between 2017 and 2019, reaching an all-time high of close to 1bn EUR/year. Italy is catching the interest of more international investors, and the local VC community is growing constantly, with 70 VC funds currently in the country, several of them have raised more than 100m USD in the last year. The Italian government sponsors a 1bn EUR investment program, initiatives like The Italian Startup Act create incentives for tax breaks on early-stage startups and R&D credits, and startup visas ease the process of attracting international talent.

Turin offers the perfect ecosystem for local and international startups. The companies will benefit from the strong national and international network and support from our corporate partners, Fondazione Compagnia di San Paolo, Fondazione CRT, Intesa Sanpaolo Innovation Center, with the program headquartered at OGR - Officine Grandi Riparazioni, Italy’s largest and most innovative tech hub. They will also be supported by the global Techstars network of more than 10,000 mentors, 15,000 investors, and hundreds of corporates. The worldwide mentor pool of investors, entrepreneurs, corporates, digital experts, is larger, more international, more diverse than ever before, and remains the key success factor for our companies. In addition, they will have access to funding, talent, and piloting possibilities with the Torino City Lab and its +70 corporates.

This year’s program will run mostly virtually but as soon as the situation allows, we’ll return to Officine Grandi Riparazioni.

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