Synspective Inc., a Japanese startup that provides satellite data solutions using small-sized SAR (Synthetic Aperture Radar) satellites, has raised $100 million in funding from 12 investors.
The company accumulated $100 million in funding since its foundation in February 2018. Raising that amount in less than 17 months makes Synspective the world’s fastest and Japan’s second-highest funded space startup, the company said in a statement.
The funds raised will be used to strengthen the company’s SAR satellite development, manufacturing systems, and solutions development.
Led by Co-founder and CEO Motoyuki Arai, Synspective provides satellite data solutions using small-sized SAR satellites, which are used by governments and private companies.
The core technology was developed by the ImPACT program led by The Cabinet Office, Government of Japan, building small SAR satellites and constellation, allowing frequent observation of areas of interest.
“Synspective’s first demonstration satellite is to be launched in 2020 and is steadily being developed. Customized solutions services have already been contracted by several companies, prior to launch. By providing objective satellite data, Synspective will contribute to the progress of the advancing world by supporting people’s decision-making and impactful actions,” said Arai.