Bengaluru-based spacetech startup SatSure Analytics announced that it has raised an undisclosed amount of funding from ICICI Bank and HDFC. The funding comes at time during SatSure’s closing of its Series A funding round of Rs 120 crore.
In 2021, the company had raked in Rs 34 crore in a pre-Series A fundraise led by Baring Private Equity India, with ADB Ventures. The company said that it will use the fresh funds to boost its work of owning a fleet of four high-resolution data-producing satellites by 2024.
The spacetech company, in the past one year, had increased it headhunts by five-folds said its headcount has grown by times while claiming the revenues to have grown by 5X.
SatSure was founded in 2017 by Prateep Basu, Rashmit Singh Sukhmani, and Abhishek Raju. It is a decision analytics company that leverages advances in satellites, machine learning and big data analytics to help solve problems at the nexus of sustainability of food, water, and energy security.