Spacetech startup SatSure received $15 M Series A funding in Equity and Debt
A $15 million Series A round of funding in equity and venture debt has been completed by SatSure, a company that offers satellite Earth observation data and analytics. Baring Private Equity Partners (BPEP), India, and Promus Ventures took the lead in the funding round.
Along with previous backers Force Ventures, Luckbox Ventures, and IndigoEdge Advisors, two new investors, Omidyar Network India and xto10X, joined the round.
In February 2022, Baring Private Equity India and other investors led a pre-Series A funding round that raised $5 million for the Bengaluru-based startup. The company also received strategic funding from ICICI and Kotak Mahindra Bank eight months ago.
The additional funding will enable SatSure to streamline its plans for the Q4 2025 launch of a fleet of four high-resolution optical and multispectral satellites. The funding will also assist the business’ expansion throughout the US and the Asia-Pacific region.
In order to deliver decision intelligence from space, five-year-old Satsure uses satellite imagery and AI. This results in insightful data for a variety of industries, including banking, critical infrastructure, and agriculture. The decision analytics offered by SatSure, according to the company, will help its clients make better policy decisions while also increasing profitability and operational efficiency.
Agnikul Cosmos, Skyroot Aerospace, Pixxel, Bellatrix, GlaxEye, Dhruva, Vesta Space, Digantara, and InspeCity are just a few of the space technology startups that have raised respectable sums of money in recent years.
Digantara, a startup in the space technology sector, raised $10 million in Series A1 funding in June, with the help of Peak XV Partners (previously Sequoia Capital India) and Kalaari Capital. Pixxel received $36 million in a series B funding round from fresh investors like Google in the same month.
