PredaSAR Closed $25M in Seed Round of Financing for Radar Satellite Constellation

PredaSAR Closed $25M in Seed Round of Financing for Radar Satellite Constellation

“There is an ever-increasing demand for low-latency SAR data. PredaSAR’s pending constellation will feature constant image capture to end users, resulting in the most powerful small-satellite SAR system ever delivered, that is well-ahead of other satellite technology. Proceeds from the raise will be used to manufacture and launch two SAR satellites through a strategic partnership with Tyvak,” stated Marc Bell, CEO

Fremont, CA: PredaSAR, a Florida-based startup led by retired Air Force Maj. Gen. Roger Teague, closed $25 million in seed round of financing. It plans to use its capital to build a constellation of Synthetic Aperture Radar (SAR) satellites.

Mr. Teage has anticipated the strong market demand of SAR moving-target indicator as the Defense Department has been looking for a space-based radar solution for a long time.

PredaSAR was established in 2019 by Marc Bell, who is the chairman and co-founder of Terran Orbital, Which owns Tyvak Nano-Satellite Systems. Bell is currently serving as PredaSAR’s chairman. PredaSAR is reported to have hired Tyvak to build its first two satellites prior to the funding round.

PredaSAR is now dedicated to serving both governments and commercial markets. The startup is expected to launch its first Satellite in early 2021. There is not yet any clear declaration on how many satellites will be in PredaSAR’s ultimate constellation; however, it is anticipated that a minimum number of 44 satellites will be positioned into the constellation.

Bell is determined to accomplish the mission of building a constellation of SAR satellites, utilizing its strong team and recently raised capital.

PredaSAR investors include Rokk3r Fuel, a Miami-based lead investor among its other global institutional investors.

Bell said, “There is an ever-increasing demand for low-latency SAR data. PredaSAR’s pending constellation will feature constant image capture to end users, resulting in the most powerful small-satellite SAR system ever delivered that is well-ahead of other satellite technology. Proceeds from the raise will be used to manufacture and launch two SAR satellites through a strategic partnership with Tyvak.”

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