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Posted on 31/08/2023 in Space and Aviation

Satellite AI Tech Secures $15M

SatSure, a Bengaluru, India-based company that specializes in satellite Earth observation data and analytics, has raised $15 million in Series A funding.

The round was led by Baring Private Equity Partners (BPEP), India and Promus Ventures, with participation from Omidyar Network India, xto10X, Force Ventures, Luckbox Ventures, and IndigoEdge Advisors. SatSure plans to use the funds to launch a fleet of four high-resolution optical and multispectral satellites in Q4 2025, accelerate product innovation, and expand its operations in the Americas and Asia-Pacific regions. Founded in 2017 by CEO Prateep Basu, SatSure is a decision intelligence company that uses satellite imagery and AI to provide insights to industries such as agriculture, insurance, and infrastructure.

Enabling farmer financial inclusion. Improved debt service management in rural areas. Mortgage loan monitoring. Enabling agrichemicals hyperlocal sales intelligence and distribution strategy. Aeronautical data management. Vegetation monitoring for utilities. Construction change detection. Commodities procurement intelligence. SatSure is well-positioned to capitalize on the growing demand for satellite imagery and AI-powered insights. The company has a strong team with a proven track record, and it is well-funded to execute on its growth plans.

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