Japanese startup Synspective raises $100m total funding

A space-oriented Japanese startup Synspective has raised a total of $100 million in funding since its beginning in February 2018

Japanese startup Synspective raises $100m total funding
Japanese startup Synspective raises $100m total funding

Japanese startup Synspective raises $100m total funding

A space-oriented Japanese startup Synspective has raised a total of $100 million in funding since its beginning in February 2018. With this announcement -- the company – claims to have become the second highest-funded startup in Japan.

Its previous funding rounds include an $80 million in series A and a $20 million in seed funding, a company spokesperson told Tech in Asia. The company said, the amount will help it in developing its SAR satellite development, manufacturing systems, and solutions development.

The company uses SAR satellites to provide 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.

 “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,” Motoyuki Arai, Synspective’s co-founder and CEO, said.