- SatSure has successfully raised $15 million in a Series A funding round led by Baring Private Equity Partners India and Promus Ventures.
- The funding aims to accelerate the company’s geospatial analytics capabilities, particularly in the agriculture, energy, and financial services sectors.
SatSure’s Geospatial Ambitions Get a Financial Boost
September 1, 2023 – Bangalore, India- SatSure, a leading player in the geospatial analytics industry, announced a successful Series A funding round of $15 million. The round was led by Baring Private Equity Partners India and Promus Ventures, marking a significant milestone for the Bangalore-based company.
A Focus on Diverse Sectors
The funding aims to accelerate SatSure’s capabilities in geospatial analytics, particularly in sectors like agriculture, energy, and financial services. This investment comes at a time when the demand for data-driven insights in these sectors is on the rise, making SatSure’s services increasingly relevant.
The Investors’ Perspective
The Series A round saw participation from Baring Private Equity Partners India and Promus Ventures, both of which have shown a keen interest in technology-driven solutions. Their investment in SatSure underscores the growing importance of geospatial analytics in a variety of industries.
Geospatial Analytics: The Future is Now
While the terms of the investment were not disclosed, the funding round is expected to play a crucial role in SatSure’s growth strategy. The company aims to leverage the investment to expand its analytics capabilities and to scale its operations both domestically and internationally.
