PredaSAR Lands $25M Financing, Appoints Retired Air Force General to CEO
PredaSAR Corporation, a Synthetic Aperture Radar (SAR) company, has completed a $25 million seed financing round, led by Miami-based investor, Rokk3r Fuel. PredaSAR also named retired U.S. Air Force Maj. Gen. Roger Teague as CEO, effective immediately.
PredaSAR said it plans to build the world’s largest SAR satellite constellation. Chairman and Co-Founder Marc Bell said the company plans to use proceeds from the raise to manufacture and launch two SAR satellites through a strategic partnership with Tyvak.
Teague was most recently the vice president of Space, Intelligence, and Missile Defense Systems at Boeing. While in the U.S. Air Force, he commanded the 4th Space Operations Squadron, where he led his unit during launch, test, and operational activation of three Milstar communications satellites. He also served as the Director of Space Programs for the Office of the Assistant Secretary for Acquisition. He retired from the military in 2017.
“We are completely focused on our intent to clearly observe the surface of the earth, anywhere and at any time, so that we can provide actionable data to government and commercial customers. We are excited for PredaSAR’s future as we rapidly prepare to deliver compelling SAR products and services to our clients,” Teague said.