SatSure has raised $15 million in a Series A funding round led by Baring Private Equity Partners (BPEP), India and Promus Ventures.
The round also saw participation from Omidyar Network India, and xto10X.
SatSure is a global leader in satellite Earth observation data and analytics. The company provides its customers with insights into a variety of applications, including agriculture, forestry, mining, and infrastructure.
The funding will be used to support SatSure’s growth plans, including the development of its new product offerings and the expansion of its customer base. SatSure also plans to use the funding to launch a fleet of four high-resolution optical and multispectral satellites in Q4 2025.
The investment in SatSure is a sign of the growing interest in the satellite Earth observation market. The market is expected to grow to $50 billion by 2025, driven by the increasing demand for satellite data from businesses and governments.
SatSure is well-positioned to capitalize on this growth. The company has a strong track record of providing high-quality satellite data and analytics. It also has a team of experienced professionals with a deep understanding of the satellite Earth observation market.
