Bengaluru-based SatSure has raised $5 million in a pre-Series A funding round led by Baring Private Equity India and ADB Ventures, Asian Development Bank's venture arm.
Other investors, including Flowstate VC, Force Ventures, IndigoEdge Advisors, Toch.ai, Nishchay Goel, Luckbox Ventures, and Saikiran Krishnamurthy also participated in the round.
SatSure will use the capital towards expanding its footprint in Southeast Asia and accelerating its product development, including launching its proprietary payloads to Low Earth Orbit.