Ursa Space Raises $16 Million in Series C Funding
Ursa Space, an alumni company of Rev: Ithaca Startup Works, recently announced the first close of a Series C round with $16 million in funding led by Dorilton Ventures. Existing investors who participated in the round included Razor’s Edge Ventures, RRE Ventures, Paladin Capital Group, and others.
The global satellite intelligence infrastructure company plans to use the new investment to respond to a significant increase in customer demand for automated, scalable, analysis-ready satellite data. It will also expand its field sales organization to support newly emerging markets for earth observation data such as supply chain optimization, logistics, and insurance.
Adam Maher, Derek Edinger, and Julie Baker founded Ursa Space in 2014 to address the difficulties that many organizations face when trying to obtain earth observation data. Ursa Space solves these difficulties by coordinating purchases from hundreds of satellites, giving customers access to multiple image resolutions, frequencies, and price points to suit their needs.
“Ursa Space was founded seven years ago with the goal of making satellite data more accessible to a broad range of people,” said Adam Maher, co-founder and CEO. “I’m proud to say we’ve made tremendous progress toward this goal by eliminating many of the barriers that people faced when trying to get answers from satellite imagery. In its place, we’re building the infrastructure that enables a community of developers to form and create new services that improves understanding of what’s happening on earth.”
Learn more about Ursa Space and its recent funding milestone.