Spacetech Startup PierSight Bags $6 Mn To Develop Satellites For Maritime Surveillance

Spacetech Startup PierSight Bags $6 Mn To Develop Satellites For Maritime Surveillance

SUMMARY

The seed funding round was co-led by Alpha Wave Ventures and Elevation Capital, with participation from existing investor Techstars

PierSight is building a constellation of SAR- and AIS-integrated satellite technology for persistent ocean monitoring and will use the funds to procure and test critical hardware, design and launch demo and operational satellites

The startup aims to offer 30-minute interval monitoring capabilities to organisations in the shipping, insurance, defence, coastguard, and oil and gas industry, among others

PierSight, a satellite-based surveillance provider for the maritime industry, has secured $6 Mn in its seed funding round, co-led by Alpha Wave Ventures and Elevation Capital, with participation from its existing investor, Techstars. 

The Ahmedabad-based spacetech startup aims to use the fresh funds to procure and test critical hardware, expand its team, and design and launch demo and operational satellites.

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