Satim has secured $2 Million in their latest investor round to advance its AI-based, cutting-edge software, renowned globally for its automatic object detection, identification and classification capabilities anytime, anywhere using satellite SAR (synthetic aperture radar) imagery.
90% accurate object classification using satellite SAR imagery and Satim’s unique AI-based software.
The investor round was led by Cultivation Capital, a highly regarded venture capital firm recognized for its expertise in early-stage investments. With a particular interest in geospatial technology, Cultivation Capital actively supports and invests in companies operating across a diverse range of industries.
In addition to Cultivation Capital, Satim successfully secured investment from six additional prominent investors: Verissimo Ventures, The Flying Object, Everywhere Ventures, Hustle Fund, StartupIst Ventures, and an undisclosed investor from Eastern Europe. These investors are highly regarded for their strategic investments in startup, pre-seed, and seed funding rounds.
The participation of these investors reflects their resolute belief in Satim’s distinct value proposition and remarkable potential to grow. With an unwavering commitment to innovation and a team of dedicated experts, Satim stands at the forefront of revolutionising satellite imagery analysis, paving the way for the future of monitoring and surveillance.
Vessel detection and classification on SAR imagery in port and on the open ocean with 90% accuracy.
Founded in 2012, Satim has emerged as the pioneering force behind SATREC, their globally renowned software celebrated for its exceptional automatic object detection, identification and classification capabilities utilizing satellite SAR imagery. With an accomplished team of data scientists, remote sensing experts, AI and SAR specialists, and marine situational awareness experts with military backgrounds, Satim possesses a wealth of knowledge and operational expertise.
During its early stages, Satim swiftly caught the attention of the European Space Agency (ESA), which recognized its cutting-edge technology as a market-leading capability. This led to funding for numerous research and development initiatives, predominantly focused on object detection.
Today, Satim actively serves the military, government, and commercial sectors, delivering software and services tailored to meet specific needs. This includes detecting objects and changes in targeted locations, as well as classifying and identifying vessels to provide critical real-time insights. It is this versatility that distinguishes Satim as a comprehensive solution provider, catering to the diverse requirements of its clients.
For detailed information on Satim’s software and services capabilities and to explore its extensive range of use cases, visit the website at www.satim.co. If you have specific requirements or would like personalized assistance, don’t hesitate to get in touch on the contact page.