Spacetech Sisir Radar Bags Funding To Offer Imaging Solutions
Summary
Spacetech startup Sisir Radar has raised $1.5 Mn (INR 12.45 Cr) in its seed funding round led by Shastra VC. The round also saw participation from Riverwalk Holdings and INVSTT.The Kolkata-based startup, which claims to have built Indias first drone-borne synthetic aperture radar (SAR) system, will utilise the fresh funds to strengthen its research and development (R&D) and manufacturing capabilities. It aims to launch the worlds highest resolution L-band SAR satellite by the end of 2026.Founded in 2022 by Tapan Misra, former director of Space Applications Centre (SAC) at the Indian Space Research Organisation (ISRO), Soumya Misra and Urmi Bhambhani, Sisir Radar has developed cutting-edge SAR systems for air-borne and space-borne platforms operating in P/L/S/C/X satellite frequency bands.SARs can be used to create high-resolution 2D images or 3D reconstructions of landscapes, giving detailed information on the physical properties of objects on the ground. The startup also offers drone-borne hyperspectral imaging solutions.It also claims to have won two IDEX challenges to build specialised SAR satellites for the Indian Air Force (IAF).Sisir Radars cofounder and CEO Soumya Misra said, We are building world-class earth observation solutions to make India self-reliant and establish it as a global provider of high-resolution satellite imagery.The fundraise comes amid growing investor interest in the Indian spacetech sector. OrbitAID also bagged $1.5 Mn in its pre-seed round led by Unicorn India Ventures last month.At the heart of all this is the Indian spacetech ecosystem which, as per Inc42, is projected to become a $77 Bn market opportunity by 2030.