Sumitomo Corporation Invests in Ursa Space
Goal is to Accelerate Global Growth and Expand into Japan
Sumitomo Corporation of Americas, the largest subsidiary of Sumitomo Corporation, has made a strategic investment in Ursa Space, marking what it says is a significant milestone in the company's expansion and strengthening its ability to serve customers across Asia, particularly in the Japanese market. Sumitomo Corporation is one of Japan's largest integrated trading and investment conglomerates.
"Partnering with Sumitomo as we expand into Japan positions us strongly for success."
Adam Maher, Ursa Space Systems
As a geospatial AI solutions company, Ursa Space delivers insights derived from a comprehensive virtual constellation of commercial Earth observation data. The company's next-generation geospatial platform provides rapid, scalable, and automated remote sensing solutions to decision-makers across the commercial sector.
"Partnering with Sumitomo as we expand into Japan positions us strongly for success," said Adam Maher, CEO of Ursa Space Systems. "We're thrilled by Sumitomo's investment and the trust they've placed in our vision. This partnership will enable us to bring the power of geospatial solutions to a wider audience and accelerate our mission to deliver insights at unmatched speed and scale."
"We very much appreciate this opportunity to invest in and embark on a journey with Ursa Space Systems, one of the leading geospatial intelligence companies to offer AI-enabled user- friendly solution to the Japanese market," said Randy Yoshimura, SVP & General Manager of Sumitomo Corporation of Americas' Aerospace, Defense & Technology Group.
Ursa Space's solutions are used to detect real-time changes in the physical world through multi-modal satellite imagery and data fusion, enabling customers to make confident, data-driven decisions. The company's subscription and custom monitoring services overcome traditional limitations of geography, weather, and political boundaries.
With this new round of funding, Ursa Space will grow its capabilities, expand its reach into Asia, and further enhance its platform to meet the demands of a global customer base. The revolutionary orchestration capabilities of the company's platform represent a paradigm shift from image-first to indicator-first analysis. The simple user experience breaks down a complicated process that can take weeks into one that takes minutes. It provides analysts and operators with timely, easily accessible, and relevant commercial satellite solutions. Sumitomo joins existing investors in Ursa Space, which includes Dorilton Capital and RRE Ventures, among others.