Satim Secures $2 Million Investment for Growth and Innovation of Unique AI-Based Software. 07 August 2023

Published on August 17, 2023

Satim, a company specializing in AI-based software for automatic object detection, identification, and classification using satellite synthetic aperture radar (SAR) imagery, has secured a $2 million investment in its latest funding round led by Cultivation Capital. The funding will support Satim's efforts to transform complex satellite SAR data into actionable insights, particularly for military, government, and commercial maritime sectors. The company's technology, known for 90% accurate object classification, has gained recognition for strategic site monitoring and maritime situational awareness. The investment also includes contributions from other investors like Verissimo Ventures and The Flying Object, reflecting confidence in Satim's potential to revolutionize satellite imagery analysis. Founded in 2012, Satim serves various sectors by delivering tailored software and services for detecting, classifying, and identifying objects and changes in targeted locations.

Link to the full article: Satim Secures $2 Million Investment for Growth and Innovation of Unique AI-Based Software. - Satim

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