COMPANY INFO
Urban Sky, officially known as Urban Sky Theory, Inc., was founded in 2019 by Andrew Antonio and Jared Leidich. It is an American aerospace company headquartered in Denver, Colorado, with about 49 employees as of 2025. The company operates in the Aerospace and Defense industry and specializes in designing, manufacturing, and operating small, reusable stratospheric balloons used primarily for Earth observation and remote sensing applications. Urban Sky's innovative balloon technology enables routine and cost-effective access to the stratosphere for high-resolution aerial imagery and environmental monitoring, including wildfire detection. Their website is urbansky.com.
Urban Sky Theory, Inc. is an innovative American aerospace company founded in 2019 by Andrew Antonio and Jared Leidich. With headquarters in Denver, Colorado, Urban Sky Theory, Inc. specializes in the design, manufacturing, and operation of small, reusable stratospheric balloons for Earth observation and remote sensing applications. These advanced balloons provide routine, cost-effective access to the stratosphere, enabling high-resolution aerial imagery and environmental monitoring, including wildfire detection. The company, staffed by approximately 49 employees as of 2025, is recognized for its pioneering approach to aerial data collection and environmental intelligence in the Aerospace and Defense industry.
Urban Sky Theory, Inc. funding history demonstrates a steady trajectory of innovation and growth, underscored by a strategic approach to raising capital. Across five funding rounds, the company has raised a total of $44.9 million. Major funding milestones include successful grant acquisition in 2020, multiple rounds of seed and Series A funding, and a substantial Series B round in 2025. Key investors have backed each stage with the aim of advancing Urban Sky Theory, Inc.’s product suite and expanding its capabilities in both commercial and military applications. The company’s funding strategy focuses on leveraging venture capital to accelerate product development, scale operations, and maintain its leadership position in high-resolution Earth observation solutions.
This Series B round will facilitate the development and commercialization of a connected suite of products, unlocking the tactical stratosphere for military and commercial customers. The capital will help Urban Sky Theory, Inc. expand its technological footprint and enhance its market offerings.
This Series A round was aimed at scaling operations and expanding the company’s reach within the aerial imagery and remote sensing market, allowing further development and refinement of its core technologies.
This early Series A round supported initial product development efforts and entry into the commercial market, laying the groundwork for Urban Sky’s high-resolution stratospheric balloon services.
Seed funding was targeted at the initial launch and product development phase, enabling Urban Sky Theory, Inc. to build its pioneering stratospheric balloon technology and attract early customers.
This non-dilutive grant round provided critical early-stage capital to support the initial development of Urban Sky’s core technology and business launch.
Altos Ventures Management participated in the Series B round and is a leading venture capital firm with a focus on early and growth-stage technology companies. Their investment supports Urban Sky Theory, Inc.’s expansion into commercial and defense markets.
New Legacy Group played a significant role in both the Series A ($9.75M) and Series B ($30M) rounds, helping drive strategic growth and commercialization objectives for Urban Sky Theory, Inc. as a forward-thinking venture firm.
As a notable venture capital fund, Lerer Hippeau joined in the Series A ($9.75M) round and brings expertise in scaling innovative startups, supporting Urban Sky’s operational and market expansion.
Union Labs co-led the earlier Series A round, providing crucial backing for initial product development and the company’s entrance into the market.
Participating at the Series A stage, New Stack Ventures offered not only financial support but strategic guidance to propel Urban Sky Theory, Inc. through early growth phases.
An active player in the Urban Sky Theory, Inc. funding rounds, Denver Ventures is invested in pushing the boundaries of aerospace innovation and local tech ecosystems.
Jogan, an investor involved in Urban Sky’s earlier funding, supports cutting-edge aerospace and technology companies striving for industry disruption.
Lavrock Ventures backs companies at the intersection of defense, intelligence, and advanced technology, further empowering Urban Sky Theory, Inc.’s mission to deliver high-impact aerial intelligence.
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