Japanese Space Industry Startup Synspective Raises US $100 Million in Funding

"StriX-α" the first demonstration satellite

TOKYO--(BUSINESS WIRE)--Jul 26, 2019--

Synspective Inc., is a Japanese startup which provides satellite data solutions using small sized SAR (Synthetic Aperture Radar) satellites.

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"StriX-α" the first demonstration satellite (Graphic: Business Wire)

The company accumulated $100 million USD in funding since its foundation in February 2018. Raising that amount in less than 17 months makes Synspective the world’s fastest and Japan’s second highest funded space startup. The investment will help strengthen the company’s SAR satellite development, manufacturing systems, and solutions development.

Synspective provides one-stop solutions by satellite gathered geospatial data. The core technology was developed by the ImPACT program * led by The Cabinet Office, Government of Japan, building small SAR satellites and constellation, allowing frequent observation of areas of interest. Synspective uses SAR satellites to provide data and produce user-friendly information to Governments and Private Companies.

SAR satellites actively observe and acquire earth surface information by transmitting and receiving reflected microwaves. Compared to optical satellites, which depend on sunlight reflection, SAR can capture images of the ground surface in all-weather conditions and any time of the day or night.

Synspective’s Co-founder and CEO, Motoyuki Arai, commented that “Synspective's first demonstration satellite is to be launched in 2020 and is steadily being developed. Customized solutions services have already been contracted by several companies, prior to launch. By providing objective satellite data, Synspective will contribute to the progress of the advancing world by supporting people's decision-making and impactful actions”.

INVESTORS:

  • Space aSTART 1 Limited Partnership
  • SHIMIZU CORPORATION
  • JAFCO SV5 Investment Limited Partnership / JAFCO SV5-STAR Investment Limited Partnership
  • Innovation Platform 1 Investment Limited Partnership
  • Keio Innovation Initiative 1,LPS
  • Abies Ventures Fund I, L.P.
  • MIRAI SOUZOU 1 Investment Limited Partnership
  • Mitsubishi UFJ Trust and Banking Corporation
  • Fuyo General Lease Co.,Ltd.
  • MORI TRUST CO., LTD.
  • SBI AI&Blockchain LPS
  • Mizuho Growth Fund No.3 Limited Partnership

CONTACT: Synspective PR

Global Media Inquiry: Sonia Solova

General Media Inquiry: Hitomi Fujikawa

E-mail:press@synspective.com

KEYWORD: INDIA JAPAN NORTH AMERICA ASIA PACIFIC EUROPE

INDUSTRY KEYWORD: MOBILE/WIRELESS PROFESSIONAL SERVICES HARDWARE DATA MANAGEMENT TECHNOLOGY SMALL BUSINESS SATELLITE AEROSPACE MANUFACTURING

SOURCE: Synspective Inc.

Copyright Business Wire 2019.

PUB: 07/26/2019 01:00 AM/DISC: 07/26/2019 01:00 AM

Copyright Business Wire 2019.

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