Abies Ventures announces its investment in Synspective Inc.
Jul. 26, 2019
Abies Ventures Fund I, L.P. invested in Synspective Inc. (hereafter “Synspective”), which develops and operates small SAR (Synthetic Aperture Radar) satellites, in September last year (Seed Round) and April this year (Series A Round).
Synspective provides one-stop solutions by satellite gathered geospatial data. The core technology was developed by the “Impulsing Paradigm Change through Disruptive Technologies (ImPACT) Program” led by The Cabinet Office, Government of Japan. Synspective will build small SAR satellites and constellation, allowing frequent observation of areas of interest. Synspective uses SAR satellites to provide data and produce user-friendly information to governments and private companies.
SAR satellites actively observe and acquire earth surface information by transmitting and receiving microwaves. Unlike optical satellites, which depend on sunlight reflection, SAR can capture images of the ground surface in all-weather conditions and any time of the day or night.
Synspective has raised US$100 million cumulatively less than 18 months since its foundation, and will launch its first demonstration satellite in 2020 and aim to provide a service that enables daily observation of major cities in the world by the constellation of 25 satellites.