VC Fund Investments
Satellite-tech startup SatSure raises $5-M from Baring India, ADB Ventures, others
Bengaluru-based SatSure, a startup working at the intersection of spacetech, Artificial Intelligence (AI), and Software as a Service (SaaS), has raised USD 5 million in a pre-Series A round led by Baring India with participation from ADB Ventures (Asian Development Bank's venture arm). Other investors who participated in the round are Flowstate VC, Force Ventures, IndigoEdge Advisors, Toch.ai, Nishchay Goel and Saikiran Krishnamurthy. SatSure will use the proceeds of this funding towards expanding its footprint in Southeast Asia and accelerating its product development, which also includes launching its proprietary payloads to Low Earth Orbit. SatSure leverages satellite data, remote sensing, Artificial Intelligence, and big data analytics to provide decision intelligence solutions to the Banking, Financial Services, and Insurance (BFSI) sector The startup's team has 80 members and plans to grow to more than 100 members by the end of this quarter.
From the Venture Intelligence PE-VC Deal Database: In Nov-21, SatSure raised funding from Baring India.
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