Synspective Raises $100M in Series B Funding Round

Synspective, a Japanese synthetic aperture radar (SAR) satellite data and solutions provider, has raised another $100 million in financing. The company announced the Series B funding round on March 29. Sompo Japan Insurance, Nomura SPARX Investment, and Pavilion Capital participated in the round, among others. The company has now raised around $200 million in financing since it was founded.

Synspective develops and operates high-frequency, high-resolution SAR satellites to provide data analytics and solution services. It aims to establish a constellation of 30 SAR satellites by 2026 to enable wide-area, high-frequency earth observation. It plans to use the new capital for the development, manufacturing, launch, and operation of its SAR satellites, preparation of mass production facilities, as well as the development of satellites.

Rocket Lab recently launched the company’s second satellite on March 1.

“We are very grateful for the opportunity to welcome new investors and collaborative partners to expand our business more strongly and globally. Taking the fact that we were able to raise funds beyond the series A funding round as a great expectation and trust from our investors, partners as well as the public, we will further accelerate the expansion of a 30 SAR satellite constellation and enhance our data analysis technology to realize a ‘learning world’ for a sustainable future,” Motoyuki Arai, Synspective founder and CEO, said in a statement.