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Spacetech startup SatSure raises $15 Mn in Series A funding

EntrackrEntrackr · 2y ago
Spacetech startup SatSure raises $15 Mn in Series A funding
Medial

SatSure, a satellite Earth observation data and analytics provider, has secured $15 million in a Series A round led by Baring Private Equity Partners (BPEP) and Promus Ventures, with participation from Omidyar Network India and xto10X, alongside existing investors. The funding will support the launch of four high-resolution satellites by Q4 2025 and expand the company's presence in the US and Asia-Pacific regions. SatSure leverages satellite imagery and AI to provide decision intelligence for industries like agriculture and banking, aiming to enhance profitability and operational efficiency. The funding follows a $5 million pre-Series A round in February 2022 and strategic funding from ICICI and Kotak Mahindra Bank.

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SatSure Bags Funding From TransUnion To Improve Credit Access For Agri Sector

Inc42Inc42 · 1y ago
SatSure Bags Funding From TransUnion To Improve Credit Access For Agri Sector
Medial

Bengaluru-based spacetech startup, SatSure, has raised an undisclosed amount in a Series A funding round co-led by Baring Private Equity Partners (India) and Promus Ventures. TransUnion also participated in the round. SatSure uses satellite data to provide "decision intelligence" in various sectors including BFSI, agriculture, and infrastructure. The investment will support the startup's product innovation. In 2022, TransUnion CIBIL partnered with SatSure to launch the CIBIL Credit & Farm Report, offering comprehensive credit and agricultural information for lenders. SatSure raised $15 million in a previous Series A round and has investors including Force Ventures and Luckbox Ventures.

Astrogate Labs raises $1.3 Mn led by Piper Serica

EntrackrEntrackr · 9m ago
Astrogate Labs raises $1.3 Mn led by Piper Serica
Medial

Astrogate Labs raises $1.3 Mn led by Piper Serica Spacetech startup Astrogate Labs has secured $1.3 million in its pre-Series funding led by Piper Serica Angel Fund. The proceeds will be used to accelerate further the development of its laser communication terminals for space and additional use cases in terrestrial and airborne applications, scale operations, and strengthen partnerships with space agencies and defense organizations. Founded by Nitish Singh, Yogeshwaran J, and Subhajit Chakraborty, Astrogate Labs provides technology to improve data downlink for small satellite constellations, helping them transmit data more efficiently to the ground. With over 25,000 small satellites expected to be in orbit by 2030, current radio frequency systems face severe bandwidth limitations and spectrum congestion. Astrogate's laser communication solutions claim to provide a scalable alternative for high-speed up to 10 Gbps, secure data transmission. Astrogate Labs has also received recognition for its technology innovations including DRDO Dare to Dream 4.0 and graduated from the Seraphim Space Accelerator APAC Program in 2023. The Bengaluru-based company has been backed by Speciale Invest, SatSure and Anicut Capital, who provided early funding to support the development of its innovative technology.

Dhruva Space raises $15 Mn in Series A round

EntrackrEntrackr · 1y ago
Dhruva Space raises $15 Mn in Series A round
Medial

Space tech startup Dhruva Space has raised $15 million (Rs 123 crore approximately) in its Series A round from Indian Angel Network Alpha Fund and Blue Ashva Capital, as well as Silverneedle Ventures, BIG Global Investment JSC (BITEXCO Group) IvyCap Ventures, Mumbai Angels, and Blume Founders Fund. The fundraise also includes a Rs 10 crore venture debt from Small Industries Development Bank of India (SIDBI) and a Rs 14 crore venture debt from Technology Development Board. The proceeds will be used for upcoming spacecraft manufacturing facilities, strategic business acquisitions, and enhancing product offerings, the company said in a press release. Founded by Sanjay Nekkanti and Chaitanya Dora, Dhruva Space has launched as many as eight payloads in the last 24 months, including the Thybolt satellites mission in November 2022 and the LEAP-TD mission on 01 January 2024. The Hyderabad-based startup is active across space, launch, and ground segments, and supports civilian and defence clients worldwide. It offers satellites teamed with Earth Station/s and Launch Services as an integrated solution or individually as technology solutions to power space-based applications on Earth and beyond. Over the past few years, several space tech startups such as Agnikul Cosmos, Skyroot Aerospace, Pixxel, Bellatrix, GlaxEye, Dhruva, Vesta Space, Digantara and InspeCity have managed to raise decent funding. In June last year, spacetech startup Digantara raised $10 million in Series A1 funding led by Peak XV Partners (formerly Sequoia Capital India) and Kalaari Capital. In the same month, Pixxel scooped up $36 million in a series B funding round from new investors such as Google.

Spacetech startup Digantara raises $50 Mn in Series B round

EntrackrEntrackr · 5d ago
Spacetech startup Digantara raises $50 Mn in Series B round
Medial

Spacetech startup Digantara raises $50 Mn in Series B round Digantara, a space surveillance and intelligence platform, has closed its Series B fundraise of $50 million from a mix of new strategic and financial investors, including 360 ONE Asset, SBI Investments Co Japan, and Ronnie Screwvala, with continued participation from existing investors Peak XV Partners and Kalaari Capital. The fresh capital will support global expansion beyond India and the United States, the establishment of new manufacturing facilities for optical systems and satellite production, and the scaling of R&D teams worldwide. The company also plans to deploy 15 space surveillance satellites and two missile-warning satellites during 2026–27. Founded in December 2018 by Anirudh Sharma, Digantara is a space situational awareness company that develops space- and ground-based infrastructure to support safe and secure space operations. It provides data-driven orbital insights to governments, defence agencies, and commercial stakeholders globally. Its integrated platform, AIRA, combines sensing hardware, data processing, and analytics across space and terrestrial systems to enable surveillance and threat monitoring. The infrastructure includes the SCOT constellation for space surveillance, the ALBATROSS series for missile warning and tracking, and SKYGATE, a network of ground-based sensors. These systems are scheduled for phased deployment through 2026–27. Digantara operates across India, Singapore, and the United States, and plans to expand into Europe by mid-2026 to strengthen its space and defence monitoring capabilities. In February 2024, the Aditya Birla Group and SIDBI Venture Capital acquired minority stakes in Digantara. Prior to this, the company had raised $10 million in a Series A round. According to TheKredible, the company’s shareholding details reflect these investments. Several space-tech startups have raised capital over the past 12 months, including Inspecity, Manastu Space, Sisir Radar, OrbitAid, Pixxel, Ulook, and Akashalabdhi. Other players in the segment include Agnikul Cosmos, Skyroot Aerospace, Bellatrix, GlaxEye, Dhruva, SatSure, and Vesta Space.

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