INDIA – SatSure, a Bengaluru, India-based company which specializes in satellite Earth observation data and analytics, raised $15M 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.The company intends to use the funds to launch a fleet of four high resolution optical and multispectral satellites, on track for Q4, 2025, to accelerate product innovation, and expand its operations across the Americas and Asia-Pacific regions. Founded in 2017 by CEO Prateep Basu, SatSure is a decision intelligence company leveraging satellite imagery and AI, providing insights to industries such as agriculture, insurance, and infrastructure. Current use cases which SatSure caters to are spread across enabling farmer financial inclusion, improved debt service management in the rural areas, mortgage loan monitoring, enabling agrichemicals hyperlocal sales intelligence and distribution strategy, aeronautical data management, vegetation monitoring for utilities, construction change detection, and commodities procurement intelligence, to name a few. 30/08/2023
