Spacetech startup SatSure raised an undisclosed amount from ICICI Bank and others

February 7, 2023

, By Team SNFYI

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Spacetech startup SatSure raised an undisclosed amount of strategic investment from ICICI Bank, Kotak Mahindra Bank, and HDFC Ltd. The development comes nine months after SatSure acquired geospatial startup Old City Innovations (OCI) in a cash and stock deal.

SatSure offers remote sensing, machine learning and data analytics solutions to resolve issues related to agriculture, banking and financial service, and climate sectors. SatSure plans to use the funding to own a fleet of four high-resolution data-producing satellites by 2024. The startup claims to have expanded its employee base by 3X and grown revenue by 5X in the past 12 months. According to an ISRO report, the country’s space tech industry will be worth $77 billion by 2030. It currently holds 2% of the global spacetechnology market.

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Spacetech startup SatSure raised an undisclosed amount from ICICI Bank and others

February 7, 2023

, By Team SNFYI

Spacetech startup SatSure raised an undisclosed amount of strategic investment from ICICI Bank, Kotak Mahindra Bank, and HDFC Ltd. The development comes nine months after SatSure acquired geospatial startup Old City Innovations (OCI) in a cash and stock deal.

SatSure offers remote sensing, machine learning and data analytics solutions to resolve issues related to agriculture, banking and financial service, and climate sectors. SatSure plans to use the funding to own a fleet of four high-resolution data-producing satellites by 2024. The startup claims to have expanded its employee base by 3X and grown revenue by 5X in the past 12 months. According to an ISRO report, the country’s space tech industry will be worth $77 billion by 2030. It currently holds 2% of the global spacetechnology market.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Twitter told businesses that they must pay $1,000 per month to keep their gold badges

Next News

B2B skilling service startup Cusmat raised $3.5 million in Series A funds led by Arkam Ventures

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