Japanese Startup Synspective Accumulates $100 Million in Funding
Synspective, a Japanese startup which provides satellite data solutions using small Synthetic Aperture Radar (SAR) satellites, accumulated $100 million in funding since its foundation in February 2018. The investment aims to help strengthen the company’s SAR satellite development, manufacturing systems, and solutions development.
Synspective aims to provide one-stop solutions by satellite gathered geospatial data. 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 uses SAR satellites to provide data and produce user-friendly information to governments and private companies.
Synspective’s Co-founder and CEO, Motoyuki Arai, commented that “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”.