Post by account_disabled on Dec 20, 2023 5:44:04 GMT
SatSure” raises $5 million in pre-Series A funding with support from Bearing PE India, ADB Ventures and others. BENGALURU, INDIA–Feb. 7, 2022–PRNewswire/InfoQuest SatSure, a space, AI and SaaS startup, today announced it has raised $5 million in pre-Series A funding. With support from Bearing Private Equity India, along with ADB Ventures (the venture arm of the Asian Development Bank), other investors in the round include Flows Tet VC, Force Ventures, IndigoEdge Advisor, Taj.AI, Nishay Goel and Saikiran Krishnamurthy. Satsure will use the proceeds from this round of funding to expand its presence in Southeast Asia. and accelerate product development This includes sending the company's patented satellite equipment into low orbit. Satsure was founded in 2017 by Pradeep Basu, Rajmit Singh Sukmani and Abhishek Raju, former officials of the Indian Institute of Space Science and Technology (IIST) and the Indian Space Research Organization (ISRO).
The company uses data from satellites, Remote Sensing, AI, and Big Data Insights To deliver decision-making data solutions to the banking sector Financial Services and Insurance (BFSI) Satsure's value proposition to the BFSI sector lies in its commitment to sustainability in agriculture, infrastructure and and climate change together “Satchure's powerful data analytics platform WhatsApp Number List uses satellite technology and operational data to minimize loan risk as much as possible. This makes the platform unique and best equipped to deliver actionable insights for decision-making in no time. The company's patented AI-powered modeling simulation It allows financial institutions to issue loans and loans faster, more efficiently and with fewer restrictions. This will open the way to financial services for small farm owners. We are excited to partner with.
Satsure as the company expands into South and Southeast Asia,” said Juknu Patee, Investment Specialist at ADB Ventures. “Satchure product series as well as a strong technology structure It can be used in both emerging and developed markets. The company's team has demonstrated its ability to perform with operational excellence.They also have an impressive track record in attracting customers. Satsure is poised to become a leader. We are delighted to be a partner on this journey,” said Anjani Bansal, Fund Manager at Flowstate VC and former Executive of Private Sector Partnerships at the Bill & Melinda Gate Foundation. said After this round of mobilization Satsure is headquartered in Bengaluru (India) with offices in Mumbai (India), St. Gallen. (Switzerland) and Liverpool (UK) SatSure currently has 80 team members and plans to grow to 100 this quarter. With 34 enterprise customers in 8 countries, Satsure's growth comes as the global satellite data services market is estimated to grow at a compound annual growth rate of 22.5%, reaching $45.85 billion by 2030, according to the data. of Allied Market Research (Allied Market Research)
The company uses data from satellites, Remote Sensing, AI, and Big Data Insights To deliver decision-making data solutions to the banking sector Financial Services and Insurance (BFSI) Satsure's value proposition to the BFSI sector lies in its commitment to sustainability in agriculture, infrastructure and and climate change together “Satchure's powerful data analytics platform WhatsApp Number List uses satellite technology and operational data to minimize loan risk as much as possible. This makes the platform unique and best equipped to deliver actionable insights for decision-making in no time. The company's patented AI-powered modeling simulation It allows financial institutions to issue loans and loans faster, more efficiently and with fewer restrictions. This will open the way to financial services for small farm owners. We are excited to partner with.
Satsure as the company expands into South and Southeast Asia,” said Juknu Patee, Investment Specialist at ADB Ventures. “Satchure product series as well as a strong technology structure It can be used in both emerging and developed markets. The company's team has demonstrated its ability to perform with operational excellence.They also have an impressive track record in attracting customers. Satsure is poised to become a leader. We are delighted to be a partner on this journey,” said Anjani Bansal, Fund Manager at Flowstate VC and former Executive of Private Sector Partnerships at the Bill & Melinda Gate Foundation. said After this round of mobilization Satsure is headquartered in Bengaluru (India) with offices in Mumbai (India), St. Gallen. (Switzerland) and Liverpool (UK) SatSure currently has 80 team members and plans to grow to 100 this quarter. With 34 enterprise customers in 8 countries, Satsure's growth comes as the global satellite data services market is estimated to grow at a compound annual growth rate of 22.5%, reaching $45.85 billion by 2030, according to the data. of Allied Market Research (Allied Market Research)