SatSure
Category: AI in Agriculture
A decision intelligence platform that leverages satellite remote sensing and AI to provide actionable insights for agricultural lending, infrastructure monitoring, and climate risk management. SatSure was founded in 2017. The company is led by Prateep Basu. Based in Bengaluru, India. Team size: 100-200. Total funding raised: $27.7M. Latest round: Series A. Key investors include Baring Private Equity India, Promus Ventures, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Omidyar Network India, TransUnion CIBIL.
- Founded
- 2017
- Headquarters
- Bengaluru, India
- Team size
- 100-200
- Total funding
- $27.7M
Value proposition
Reduces operational risks and costs by providing high-frequency, ground-truth intelligence from space, enabling financial inclusion for farmers and predictive maintenance for infrastructure.
Products and solutions
SatSure Sage: A decision suite for agri-lending and insurance, providing crop monitoring and risk assessment., SatSure Skies: High-frequency satellite monitoring for infrastructure, utilities, and construction change detection., SatSure Sparta: An open-innovation platform providing curated datasets for developers and researchers., KaleidEO: A subsidiary focused on high-resolution optical payloads and edge-computing enabled satellite hardware.
Unique value
SatSure is the first to integrate satellite-derived 'alternate data' directly into the credit appraisal process for smallholder farmers, bridging the gap between space tech and financial inclusion.
Target customer
Commercial banks, insurance companies, government agencies, large-scale infrastructure developers, and multinational agribusinesses.
Industries served
BFSI (Banking, Financial Services, and Insurance), Agriculture, Infrastructure & Utilities, Climate & Environment, Aviation
Technology advantage
Proprietary AI/ML models that perform 'super-resolution' on low-cost satellite imagery and 'edge-processing' capabilities that allow data to be analyzed on the satellite itself before being sent to Earth.
How they differentiate
SatSure differentiates through vertical integration, owning both the downstream analytics (SatSure Sage) and upstream hardware (via subsidiary KaleidEO). Unlike pure imagery providers, they focus on 'decision intelligence' specifically for the BFSI sector, integrating satellite data directly into credit appraisal and risk management workflows.
Main competitors
Planet Labs, Descartes Labs, Cropin
Key partnerships
TransUnion CIBIL (Jointly launched a credit-ranking solution for the agricultural sector), Strategic Investors: HDFC Bank, ICICI Bank, and Kotak Mahindra Bank, ISRO (Indian Space Research Organisation) for data access and launch support, NVIDIA (Inception program member for AI acceleration), Allied Orbits Consortium (with Pixxel, Dhruva Space, PierSight) - won IN-SPACe contract for India's first private EO constellation, Kenya Agricultural and Livestock Research Organisation (KALRO) - agricultural transformation in Kenya, Dhruva Space - strategic alliance for end-to-end EOaaS solutions, Geoscape Australia - location intelligence partnership
Notable customers
HDFC Bank, ICICI Bank, Kotak Mahindra Bank, TransUnion CIBIL, Rabobank, Government of Andhra Pradesh
Major milestones
Closed $15M Series A round in August 2023 to accelerate global expansion., Launched KaleidEO, a subsidiary focused on high-resolution optical payloads and edge-computing satellite hardware., Partnered with TransUnion CIBIL to launch a unique credit-ranking solution for the agricultural sector., Selected as one of the top 20 startups for the India AI Impact Summit 2024., Selected among Top 10 Global Innovators at India AI Impact Summit 2026., Joined Allied Orbits consortium winning IN-SPACe contract for India's first private-led national EO constellation (Rs. 1,200 Cr)., Partnered with KALRO for agricultural transformation in Kenya., Recognized in 2024 Gartner Emerging Tech Impact Radar: AI report.
Growth metrics
Reported $21.1M revenue in 2024 (up from $13.3M in 2023) with a team of ~134-176 employees; currently monitoring over 2.1 million farmer plots across 1.95 lakh villages in India.
Market positioning
Leader in satellite-based decision intelligence for financial inclusion and climate risk in emerging markets.
Geographic focus
India, South East Asia, Africa, and expanding into Europe and the Americas.
Patents and IP
Multiple patents filed in the domains of satellite edge computing, on-board data processing, and automated feature extraction from SAR (Synthetic Aperture Radar) data.
About Prateep Basu
Prateep Basu is a former scientist at the Indian Space Research Organisation (ISRO) where he worked on liquid propulsion systems. He later served as a geospatial industry analyst at Northern Sky Research (NSR) in the USA and Hong Kong, specializing in the commercial satellite remote sensing market before co-founding SatSure in 2017.
Official website: https://satsure.co