Private equity news india Private equity news asia Indias SatSure Secures Series A Round Led by Baring Private Equity Partners

India’s SatSure Secures Series A Round Led by Baring Private Equity Partners

SatSure, a leading satellite Earth observation data and analytics company based in India, has recently announced that it has raised $15 million in a Series A funding round led by Baring Private Equity Partners.

The funding round also saw participation from other investors, including Promus Ventures, Omidyar Network India, and xto10X.

The significant financial infusion will help SatSure to launch a fleet of four high-resolution optical and multispectral satellites by the fourth quarter of 2023.

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The satellites will be used to gather data on land, water, and weather patterns, which will be analysed using SatSure’s proprietary algorithms to provide insights for various industries, including agriculture, insurance, and banking. SatSure’s technology has the potential to revolutionize the way these industries operate, providing them with real-time data and analytics to make more informed decisions.

Indias SatSure Secures Series A Round Led by Baring Private Equity Partners

Photo by Georg Schierling

The Series A funding round comes on the back of SatSure’s successful pre-Series A funding round in February 2022, which raised $5 million. The company has already made significant strides in the satellite Earth observation data and analytics space, and this latest funding round will help it to further expand its operations and cement its position as a global leader in the industry.

About SatSure

SatSure is a leading global provider of satellite Earth observation data and analytics. The company is headquartered in Bengaluru, India, and was founded in 2016 by Prateep Basu and Abhishek Raju. SatSure has established itself as a pioneer in the field of agricultural analytics, leveraging satellite data to provide valuable insights to farmers, insurers, and other stakeholders in the agriculture industry.

Founding and Leadership

SatSure was founded by Prateep Basu and Abhishek Raju, both of whom have extensive experience in the space industry. Basu previously worked at the Indian Space Research Organisation (ISRO) and the Indian Institute of Space Science and Technology (IIST), while Raju worked at ISRO and several other space-related companies. Together, they have built a team of experts in satellite data analytics, machine learning, and other cutting-edge technologies.

Operations and Infrastructure

SatSure operates a proprietary constellation of satellites, known as SatSure Sparta, which is capable of capturing high-resolution optical and multispectral imagery. The company also has partnerships with other satellite operators, allowing it to access a wide range of data sources. SatSure’s data is processed using advanced algorithms and machine learning techniques, and is made available to customers through a cloud-based platform.

Product Innovation

SatSure is committed to driving innovation in the field of satellite Earth observation.

The company has developed a range of proprietary payloads and sensors, which enable it to capture highly detailed images of the Earth’s surface.

SatSure’s analytics platform uses machine learning and other advanced techniques to extract valuable insights from this data, helping customers to make better-informed decisions.

Overall, SatSure is a dynamic and innovative company that is at the forefront of the satellite Earth observation industry.

With its cutting-edge technology and talented team of experts, SatSure is well-positioned to continue driving growth and innovation in the years to come.


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