SoftBank Group (TYO:9984) has invested $15 million in Sceye, a startup developing bullet-shaped helium balloons designed to float in the stratosphere, Bloomberg News reported Thursday, citing a top official.

The publication, citing CEO Mikkel Vestergaard Frandsen, who anticipates SoftBank will be a crucial strategic partner for the company's future endeavors.

These high-altitude platform stations, measuring 214 feet long, are built to monitor climate data and provide connectivity in remote areas, said the news wire.

Sceye's zeppelin-like airships, equipped with specialized cameras and radars, can hover for months, capturing real-time data on environmental events like wildfires and greenhouse gases, and delivering wireless service during disasters, the report added.

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