Ursa Space Systems Inc., an Ithaca, NY-based firm offering entry to multi-modal satellite tv for pc information and on-demand analytic options, acquired a $10M enterprise mortgage from Horizon Know-how Company.
The corporate will use the mortgage proceeds for normal progress and dealing capital functions.
Led by CEO Adam Maher, Ursa Area Methods Ursa Area is a satellite tv for pc intelligence firm serving authorities and business shoppers worldwide, offering all-weather monitoring, analytics and imagery by way of an in depth digital community of over 200 satellites. Its proprietary expertise combines Artificial Aperture Radar, Electro-Optical and Radio Frequency information with AI-enabled processing to ship real-time automated change detection within the bodily world. With entry to over 55 million satellite tv for pc photographs and superior processing capabilities, the corporate’s tech-stack delivers actionable intelligence via each customized options and subscription companies. Ursa Area is backed by buyers together with Dorilton Capital, RRE Ventures and Paladin Capital Group.
FinSMEs
08/11/2024
