Australian Financial Review · May 2026
AFR reported HEO was pursuing a roughly $30m Series B raise, with the company backed by Airtree Ventures and co-founded by Will Crowe and Hiranya Jayakody.
We visually monitor space objects for governments and defense
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
HEO is a Sydney-based space technology company that pioneered commercial Non-Earth Imaging (NEI), using satellite-mounted cameras and software to visually monitor, identify, characterize, and track objects in orbit for defense, intelligence, and commercial customers. Its core product is HEO Inspect 3.0, a web app/API for tasking in-orbit sensors and analyzing imagery and insights.
Primary product
HEO Inspect 3.0
Founded
2016
Headquarters
Haymarket, New South Wales, Australia
Team size
50-60
Work style
Hybrid
Industry
Defense and Space Manufacturing
Sub-industry
Non-Earth imaging / space domain awareness
Offices
Sydney, New South Wales, Australia
Haymarket, New South Wales, Australia
London, United Kingdom
Arlington, Virginia, United States
Tokyo, Japan
Business model
Software-as-a-service
Subscription data service
Enterprise/managed services
Hardware sales and hosted-payload integration
Funding
Stage
post-Series A
Latest round
Funding - Pending · May 2026
Latest amount
$21.5M
May 2026 · Undisclosed investors
Jan 2025 · Paspalis Capital
Mar 2024
Aug 2023 · Airtree Ventures
Jan 2021 · David Harding and Y Combinator
People & investors
Leadership
Co-Founder & CEO
Co-Founder & CTO
Chief Financial Officer
Director of Finance
Head of HEO USA
Head of HEO Japan
Business Development Manager
Work & culture
Public hiring materials emphasize collaboration, growth, learning, trust, custodianship, sustainability, and a transparent mission. The company describes itself as supportive and innovative, with trial-based learning and cross-team collaboration.
Work style
Hybrid
Compensation
Public job postings emphasize competitive base salary plus ESOP/stock options. US roles also mention 401(k), healthcare, PTO, paid federal holidays, and clear salary ranges in some postings; Australia-facing roles emphasize flexible leave and parental leave, but a company-wide visa-sponsorship policy was not publicly stated.
Benefits
Employee Share Option Plan (ESOP)
Flexible leave
Paid parental leave
End-of-trip facilities
Competitive base salary
401(k) with immediate vesting (US roles)
Employer-sponsored healthcare (US roles)
Paid federal holidays (US roles)
Product & market
Pricing
Enterprise subscription data service with custom contracts; hardware/hosted-payload integration is also offered.
Differentiators
- —Pioneered commercial NEI / created the commercial non-Earth imaging market
- —Largest commercial NEI network / dataset claims
- —On-demand, high-frequency imagery and insights
- —Proprietary analytics and AI-enabled object characterization
- —Compact, flight-proven NEI cameras with minimal integration burden
- —Independent visual verification of object state, attitude, deployment, and anomaly causes
- —Software-first hybrid space architecture that uses partner satellites and hosted payloads
Technology
Python
Django
TypeScript
React
AWS
Terraform
Docker
GitLab
PostgreSQL
Redis
Grafana
Jira
Slack
Google Workspace
HubSpot CRM
Xero
GitHub
SQL
Vanta
Drata
Customers
Defense and intelligence agencies
Satellite operators
Civil governments / national space agencies
National Reconnaissance Office (NRO)
Sidus Space
Australian Space Agency
SATLANTIS
UNSW Canberra Space researchers
BlackSky
Satellogic
Axelspace
Astroscale
Impulse Space
Competitors
Scout Space
Scale & contact
Estimated revenue
$1M-$10M
Estimated monthly visits
11.7K
Latest news
HEO · Apr 2026
HEO opened its Tokyo office, marking its fourth global location after Sydney, London, and Arlington, to support Japan's space domain awareness market.
HEO · Mar 2026
HEO USA and Sidus Space announced first on-orbit images from the Holmes Mk1 NEI camera aboard LizzieSat-3, validating the sensor stack and data service contract.
HEO · Mar 2026
HEO and SATLANTIS agreed to jointly deliver sovereign NEI and SDA capabilities, with joint demonstrations already underway.
HEO · Feb 2026
HEO USA won a multi-year, seven-figure contract from the NRO to integrate NEI cameras and analytics into the NRO collection architecture.
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