Ursa, an Ithaca, N.Y.-based geospatial analytics-as-a-service company giving access to commercially available synthetic-aperture radar (SAR) data, secured $15m in Series B funding.
The round was led by Razor’s Edge Ventures with participation from strategic investors Citi, New York Ventures, a division of Empire State Development, and others, and return investors Paladin Capital Group, RRE Ventures and S&P Global Inc. (NYSE: SPGI).
The company intends to use the funds to further support its customer base and expand into new vertical markets to serve the needs and high demand for satellite data and analytics.
Founded in 2014 by Adam Maher, CEO, Ursa aggregates data from the industry’s largest network of radar satellites, combined it with other data sources, and delivers proprietary analytic-based information and products to provide customers with alternative sources of market or business intelligence to allow them to make informed decisions. The company plans to expand into new industries such as the supply chain, logistics, and insurance markets.