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PierSight readies ‘Varuna’ for ocean surveillance ops

Economic Times

Economic Times · 9m ago

PierSight readies ‘Varuna’ for ocean surveillance ops

Spacetech startup PierSight is preparing to launch its first satellite, named Varuna Mission, aboard the Indian Space Research Organisation's (ISRO) PSLV Orbital Experimental Module (POEM) platform. The satellite aims to provide all-weather maritime surveillance by tracking ship movements, detecting oil spills, and monitoring critical infrastructure such as undersea cables and pipelines. PierSight plans to establish a constellation of satellites to offer persistent, real-time monitoring of human activity at sea. The startup has already partnered with government agencies, hedge funds, shipliners, and marine border protection agencies. The global satellite vessel tracking market is projected to have substantial growth in the coming years.

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Ocean surveillance startup PierSight raises $600,000 in funding led by All In Capital

Economic Times

Economic Times · 1y ago

Ocean surveillance startup PierSight raises $600,000 in funding led by All In Capital

Ocean surveillance startup PierSight has raised $600,000 in a pre-seed funding round led by All In Capital. Techstars and angel investors also participated in the funding. Founded by former ISRO employee Gaurav Seth and former National Instruments employee Vinit Bansal, PierSight aims to provide ocean surveillance using SAR Imaging and AIS satellites. The startup is currently part of the Techstars Space Accelerator program and plans to use the funding to advance its satellite subsystems and strengthen its talent pool.

In a league of its own: This Ahmedabad space tech startup is working on persistent oceanic surveillance

YourStory

YourStory · 1m ago

In a league of its own: This Ahmedabad space tech startup is working on persistent oceanic surveillance

PierSight, a space tech startup based in Ahmedabad, is revolutionizing oceanic surveillance with satellites equipped with SAR and AIS sensors. Founded by Vinit Bansal and Gaurav Seth in 2023, it aims to monitor maritime activities and detect illegal operations. Their unique integration of SAR and AIS on a single platform enables accurate and persistent monitoring. Supported by the Indian government and international clients, PierSight is advancing technologies for both satellite and drone applications.

Spacetech startup PierSight bags $6 Mn to develop satellites for maritime surveillance

Inc42 · 1y ago

Spacetech startup PierSight bags $6 Mn to develop satellites for maritime surveillance

Ahmedabad-based spacetech startup PierSight has raised $6 million in a seed funding round co-led by Alpha Wave Ventures and Elevation Capital. The company plans to use the funds to procure and test critical hardware, expand its team, and launch demo and operational satellites. PierSight is building a constellation of Synthetic Aperture Radar (SAR) and Automatic Identification System (AIS) integrated satellite technology for ocean monitoring. The startup aims to provide 30-minute interval monitoring capabilities to sectors such as shipping, insurance, defense, coastguard, and oil and gas. It also plans to design and launch a demo satellite on ISRO's PSLV platform.

All In Capital Leads $600K Pre-seed Funding For PierSight

OutlookIndia

OutlookIndia · 1y ago

All In Capital Leads $600K Pre-seed Funding For PierSight

PierSight, a start-up focused on maritime surveillance, has raised $600K in a pre-seed funding round led by All In Capital. The round also saw participation from angel investors and Techstars. PierSight aims to provide continuous monitoring of maritime operations through a constellation of SAR Imaging and AIS satellites. The funding will be used to strengthen satellite subsystems, expand the team, and collaborate with social and environmental agencies. The start-up has also been selected for the Techstars Space Accelerator program in partnership with NASA and the US Space Force.

Alt Carbon, PierSight, Shuru App, Borderless get early-stage funding

VCCircle

VCCircle · 3m ago

Alt Carbon, PierSight, Shuru App, Borderless get early-stage funding

Alt Carbon, PierSight, Shuru App, and Borderless have secured early-stage funding in their respective sectors. Alt Carbon raised $12 million to scale operations in India using a carbon removal technique. PierSight, a space tech startup, garnered $8 million for maritime satellite coverage. The community platform Shuru App obtained Rs 29 crore to enhance its location-based insights feature. Borderless, formerly Stockal, also concluded a Rs 20 crore bridge funding round to expand its global finance solutions.

How ‘Samudrayaan’ Can Unlock $110B in Resources and Transform India’s Economy?

OutlookIndia

OutlookIndia · 4m ago

How ‘Samudrayaan’ Can Unlock $110B in Resources and Transform India’s Economy?

India's first manned deep ocean mission, Samudrayaan, aims to reach 6,000 meters deep using the submersible Matsya by late 2026. Spearheaded by the National Institute of Ocean Technology, this mission seeks to explore deep-sea resources, potentially unlocking $110 billion in strategic minerals. The project involves extensive research in the Central Indian Ocean, which holds significant deposits of polymetallic nodules including copper, nickel, cobalt, and manganese, potentially securing India's energy needs for a century.

All In Capital unveils second early-stage VC fund, marks first close

VCCircle

VCCircle · 5m ago

All In Capital unveils second early-stage VC fund, marks first close

All In Capital, an early-stage venture capital firm, has launched its second fund, marking its first close nearly three years after finalizing its debut fund. The firm, known for backing startups like PierSight Space, MasterChow, and Wint Wealth, was co-founded by ex-upGrad executive Kushal Bhagia and former Stride Ventures partner. This new fund continues All In Capital's strategy to support promising early-stage ventures.

AI relies on mass surveillance, warns Signal boss

Economic Times

Economic Times · 1y ago

AI relies on mass surveillance, warns Signal boss

Signal's CEO, Meredith Whittaker, criticized the reliance of AI technologies on mass surveillance and the control they exercise over our lives. She emphasized the connection between concerns about AI and surveillance, stating that AI tools require extensive amounts of data derived from the mass surveillance business model. Whittaker highlighted power imbalances caused by a few unaccountable surveillance giants and the potential negative impact of AI on society. She urged the need for reimagining technology to serve democratic and rights-preserving societies instead of competing with larger American AI firms.

Starlink readies road for India’s strong connectivity

Economic Times

Economic Times · 5m ago

Starlink readies road for India’s strong connectivity

Starlink plans to significantly enhance satellite connectivity in India, potentially providing data throughput of several terabytes per second. This capacity is 80-90 times greater than its local competitors. The company intends to establish gateways in Mumbai, Pune, and Indore, pending regulatory approvals. This expansion will allow Starlink to serve retail and enterprise customers across India. Starlink has submitted the necessary documents and is close to obtaining the required approvals for operation.

Reliance in advanced talks to lead $50 million raise in spacetech startup Digantara - The Economic Times

Economic Times

Economic Times · 1m ago

Reliance in advanced talks to lead $50 million raise in spacetech startup Digantara - The Economic Times

Reliance Industries is in advanced talks to lead a $50 million funding round in spacetech startup Digantara, focusing on space surveillance, amid rising defense expenditure and global geopolitical tensions. The investment marks a significant boost to India's emerging space surveillance sector. Digantara plans to establish a constellation of surveillance satellites by 2026. The company aims for defense and commercial markets, particularly in space situational awareness, with significant funding allocated for infrastructure development.

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