The Compression Company raises $3.4 million for satellite data compression
Long Journey Ventures led the pre-seed round to expand the engineering team and support commercial deployments with satellite operators.
The Compression Company announced a $3.4 million pre-seed financing on 12 February 2026, led by Long Journey Ventures. The funding will support engineering hires and commercial rollouts with satellite operators.
The startup develops AI-based compression software that runs onboard satellites. It is designed to preserve information that matters for analysis while compressing repetitive or less useful parts of an image more heavily.
Co-founders Michael Stanway and Joe Griffith met while studying neurotechnology at Imperial College London. They applied their experience with imaging data and neural information processing to the bandwidth limits faced by satellite operators.
At the time of the funding announcement, the company said it had shipped its first orbital deployment, with activation planned for the first quarter of 2026. The software approach allows operators to use existing satellite hardware.
Use of funds
Hire engineers
Support commercial rollouts with satellite operators