SatSure, a space tech startup based in Bengaluru specializing in Earth observation data and analytics solutions, has successfully concluded a Series A funding round, raising $15 million in equity capital and venture debut. Baring Private Equity Partners and Promus Ventures led the funding, underscoring the increasing significance of India’s space tech companies, further boosted by the Indian Space Research Organisation’s recent success with Chandrayaan-3's soft landing.

The funding round also saw the active participation of Omdiyar Network India and xto10X, along with existing investors like Force Ventures, Luckbox Ventures, and IndigoEdge Advisors. SatSure had previously secured strategic funding from private sector banks like ICICI, Kotak Mahindra, and HDFC Bank in February 2023. In 2021, the startup had raised a pre-Series A funding of $5 million.

With this infusion of capital, SatSure is planning to launch a fleet of four high-resolution optical and multispectral satellites by the fourth quarter of 2025. The funding will also be directed towards accelerating product innovation and expanding operations across the Americas and Asia-Pacific regions. The startup, established in 2017 by former ISRO scientists Prateep Basu and Rashmit Singh Sukhmani, alongside Abhishek Raju, harnesses satellite imagery and AI to provide actionable intelligence from space.

The intelligence offered by SatSure holds promise for diverse industries such as agriculture, banking, and critical infrastructure. “We are thrilled to have such a great group of investors who are supporting us in the journey towards becoming a full stack Earth observation data player. We are committed to expanding our outreach, investing in Low-earth orbit satellite assets, and continuing to develop innovative products that signify the rise of the Indian private space sector and its deep-rooted alignment to our national space program,” Founder and CEO Prateep Basu said.