PredaSAR Corporation, a Boca Raton, Fla.-based company building a commercially operated Synthetic Aperture Radar (SAR) satellite constellation, completed a $25m seed financing round.
The round was led by Miami-based lead investor, Rokk3r Fuel, with participation from a network of global institutional investors.
The company intends to use the funds to continue to expand operations, and to manufacture and launch two SAR satellites through a strategic partnership with Tyvak, a provider of nano- and microsatellites.
Founded in 2019 by Marc Bell, Chairman and Co-Founder, and led by newly appointed CEO Roger W. Teague, a retired Air Force Major General, PredaSAR is an emerging nanosatellite data provider building and operating a commercial Synthetic Aperture Radar (SAR) satellite constellation. Synthetic Aperture Radar is an advanced form of radar used to create 2-D images or 3-D reconstructions of objects. Overcoming the limitations of traditional optical satellites, SAR provides high-resolution images, irrespective of time of day or weather conditions.
Major General Roger Teague was commissioned in 1986 as a graduate of the U.S. Air Force Academy. His career included a broad range of assignments primarily acquiring, operating and supporting space systems. Among his important assignments, Teague 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, Space Programs, Office of the Assistant Secretary for Acquisition in Washington, D.C.
FinSMEs
03/03/2020