VC Fund Investments
Maritime surveillance focused space-tech co. PierSight raises funding
Ahmedabad-based space-tech startup PierSight has raised additional capital through a seed extension round, bringing its total funding to USD 8 million.The new investment comes from Seabird Ventures (the venture capital arm of Sustainable Ocean Alliance (SOA) and CE-Ventures (the corporate venture capital platform of Crescent Enterprises). Other investors include Nandan Reddy (co-founder, Swiggy), Natasha Malpani Oswal (investor, Boundless), and Sahil Lavingia (founder, Gumroad).The company is developing a constellation of Synthetic Aperture Radar (SAR) and Automatic Identification System (AIS) satellites to deliver continuous, all-weather maritime surveillance. The funding will support the firm’s expansion plans and hiring across multiple engineering roles.PierSight works with coast guards, insurers, shipping lines, port operators, and ocean conservation NGOs to tackle maritime challenges. These include monitoring Exclusive Economic Zones (EEZs), detecting illegal, unreported, and unregulated (IUU) fishing, tracking oil spills, identifying dark vessels, and preventing marine insurance fraud.
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