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Ursa Space Raises $16 Million in Series C Funding to Accelerate Time-to-Insight for Customers in the Satellite Intelligence Market

March 21, 2022

Ursa Space announced the first close of its Series C Round with $16 million in funding led by Dorilton Ventures. Existing investors who participated in the round included Razor's Edge Ventures, RRE Ventures, Paladin Capital Group, and others.

Ursa Space announces close of Series C Round with $16 million in funding led by Dorilton Ventures.

Ursa Space will use the new investment to respond to a significant increase in customer demand for automated, scalable, analysis-ready satellite data. It will also expand its field sales organization to support newly emerging markets for earth observation data such as supply chain optimization, logistics, and insurance.

Across market verticals, even the most sophisticated organizations struggle to buy and use earth observation data. Ursa Space solves this problem by coordinating purchases from hundreds of satellites, giving customers access to multiple image resolutions, frequencies, and price points to suit their needs. Earth observation requires highly specialized software and skill to task, collect, process, and deliver insights. Ursa Space removes the challenges facing software developers, giving customers the reliability of a large satellite constellation, without the complexity of managing multiple satellites and imaging modes.

Through its radar satellite network and data fusion expertise, Ursa Space offers tools that surmount these challenges to help customers identify real-time changes in the physical world. Subscription and custom services enable customers to access satellite imagery and analytic results with no geographic, political, or weather-related limitations.

Ursa Space manages the world's largest Virtual Constellation of satellite imagery from the most trusted SAR, optical, and RF data vendors around the globe, containing over 10 million SAR images alone. Satellite-based SAR offers significant advantages over other forms of imagery due to its ability to collect information in all weather conditions, day or night.

This year, Ursa Space published a detailed Product Catalog outlining a full-range of capabilities, and developed a dedicated Partner Program with flexible business model options for analytics as a service, including provision of data analytic services on the Amazon Web Services (AWS) Data Exchange . With over 16 million images cataloged and growing each day, this database enables Ursa's expert solutions team to work with developers in multiple market verticals to solve real-world problems.

"Ursa Space was founded seven years ago with the goal of making satellite data more accessible to a broad range of people," said Adam Maher, co-founder and CEO. "I'm proud to say we've made tremendous progress toward this goal by eliminating many of the barriers that people faced when trying to get answers from satellite imagery. In its place, we're building the infrastructure that enables a community of developers to form and create new services that improves understanding of what's happening on earth."

"Ursa Space's ability to generate analysis-ready data quickly and at reduced cost has attracted demand from leading space industry players and end users," said Daniel Freeman of Dorilton Ventures. "This funding will enable the company to extend its technical lead whilst growing its sales team to help organizations across more sectors take advantage of earth observation data. Dorilton Ventures is incredibly proud to back Ursa Space."