Ursa Space Secures $10M Venture Loan to Expand Satellite Intelligence Capabilities

 Ursa Space Systems Inc. is a satellite intelligence firm located in Ithaca, NY. This company has been issued a $10 million venture loan by Horizon Technology Corporation. The loan will help support general business growth and working capital needs as the company expands its operations.

Founders and led by CEO Adam Maher, Ursa Space provides advanced satellite data analytics and on-demand solutions for both government and commercial clients worldwide. The company uses a well-developed satellite network that consists of over 200 satellites to provide its clients with all-weather monitoring, high-resolution imagery, and analytics services. Ursa Space’s proprietary technology integrates data from a myriad satellite modalities, including SAR, EO, and RF signals. To strengthen this integration, the company uses AI-powered processing in the right combination for providing real-time automatic change detection over the physical world to its clients.

With access to more than 55 million satellite images and processing capacities that stand at par with the fastest, Ursa Space offers customized solutions and subscription services that deliver actionable insights across a wide range of industries. From providing critical data to applications in environmental monitoring, defense, and security, infrastructure analysis, and many others, its satellite intelligence platform does it all.

New funding comes at a critical time for Ursa Space: at a time when the growth accelerator with technological strength. The company’s solutions are already used in several industries, but this type of loan for a start-up will enable it to invest more in its data analytics capabilities and expand service offerings into even more diverse fields.

Ursa Space has earned the trust of top investors, such as Dorilton Capital, RRE Ventures, and Paladin Capital Group, in its vision to revolutionize satellite intelligence. With this new venture loan support, Ursa Space is confident to maintain its trajectory as a leader in a rapidly growing satellite data and analytics industry.