RMC_2061.jpg

Ursa Secures $15 Million in Series B Funding

The Ursa Space Systems team. Photo: Ursa

The Ursa Space Systems team. Photo: Ursa

Ursa secured $15 million in Series B funding led by Razor’s Edge Ventures. The Series B financing was joined by strategic investors Citi, New York Ventures, a division of Empire State Development, and others who will help usher Ursa into new industries such as the supply chain, logistics, and insurance markets. Building upon Ursa’s combined Series A and Series A-1 $12.7 million capital raise, the latest round is backed by return investors Paladin Capital Group, RRE Ventures, and S&P Global.

Ursa aggregates data from a network of radar satellites, fuses it with other data sources, and delivers proprietary analytic-based information and products to provide customers with alternative sources of market or business intelligence.

“Since Ursa’s founding, global businesses in the energy and finance sectors have relied on our comprehensive and timely analytics to make strategic decisions,” said Adam Maher, co-founder and CEO. “As Ursa continues to build on our technology, we’ve identified a number of other opportunities to pursue high-value markets and customers that have not historically leveraged the power of SAR and would benefit from these insights. This round of capital will support Ursa’s vision of turning data into impact.”

The post Ursa Secures $15 Million in Series B Funding appeared first on Via Satellite.

About the author