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The Silicon Review Asia

India-based SatSure to Expand Footprint in Southeast Asia Post Pre-Series A

India-based SatSure to Expand Footprint in Southeast Asia Post Pre-Series A

The decision intelligence startup has raised $5 million in its Pre-Series A

Banaglore, India-headquartered decision intelligence pioneer has secured $5 million in its Pre-Series A funding round, which was led by Baring Private Equity India Pvt. Ltd. Amongst those who participated in the round were ADB Ventures, Flowstate VC, Force Ventures, IndigoEdge Advisors, Toch.ai, Nishchay Goel and, Saikiran Krishnamurthy.

SatSure's team of 80 is spread out across the company's offices in Bangalore, Mumbai, Switzerland, and Liverpool. The company intends to now to grow to more than 100 members by the end of the quarter. The funds raised in the Pre-Series A will go towards expanding SatSure's footprint in Southeast Asia.

"SatSure's powerful analytics platform that combines satellite technology and operational data to minimize lending risk is unique and best placed to offer actionable and timely insights. Its proprietary AI-powered modeling empowers financial institutions to issue credit and insurance policies faster, in higher volume, and on less conservative terms, which unlocks financing for smallholder farms. We're thrilled to partner with SatSure as the company expands its footprint in South and Southeast Asia," said Jugnu Pati, Investment Specialist at ADB Ventures.

The company was founded in 2017 by Indian Institute of Space science and Technology (IIST) and Indian Space Research Organisation (ISRO) alumni Prateep Basu, Rashmit Singh Sukhmani, along with Abhishek Raju. Today, SatSure leverages satellite data remote sensing, Artificial Intelligence, and big data analytics to provide decision intelligence solutions to the Banking, Financial Services, and Insurance (BFSI) sector.

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