Horizon Technology’s $10 Million Loan: Horizon Technology Finance Corporation (NASDAQ: HRZN) has granted a $10 million venture loan facility to Ursa Space Systems to support its growth and operations.
Ursa Space’s Capabilities: Ursa Space specializes in satellite intelligence, leveraging SAR, Electro-Optical, and Radio Frequency data combined with AI-powered processing for real-time change detection.
Clientele and Image Library: The firm serves government and commercial clients and has access to over 55 million satellite images for comprehensive intelligence solutions.
Support from Major Investors: Backed by prominent investors such as Dorilton Capital, RRE Ventures, and Paladin Capital Group.
Statements from Leaders: Gerald A. Michaud of Horizon praises Ursa’s capabilities, while CEO Adam Maher emphasizes the partnership’s role in expanding their platform and services.
Horizon Technology Finance approves $10M loan for Ursa Space Systems expansion
Horizon Technology Finance Corporation (NASDAQ: HRZN) has provided a $10 million venture loan facility to Ursa Space Systems Inc. (“Ursa Space”) to assist the satellite intelligence firm with its growth and operational funding requirements.
Focusing on sophisticated satellite intelligence, Ursa Space caters to a varied clientele of governmental and commercial organizations. The firm’s state-of-the-art platform combines Synthetic Aperture Radar (SAR), Electro-Optical, and Radio Frequency data with AI-powered processing to deliver real-time and automated change detection features. By having access to more than 55 million satellite images, Ursa Space provides vital intelligence solutions designed for both custom and subscription-based customers. Prominent investors like Dorilton Capital, RRE Ventures, and Paladin Capital Group support Ursa Space, solidifying its stance in the satellite intelligence sector.
“Ursa Space leads the way in satellite intelligence, providing dependable, all-weather observation and fast analysis features that have been tremendously beneficial,” stated Gerald A. Michaud, President of Horizon. “Ursa Space, with its advanced AI-driven platform and established success with governmental and commercial clients, is ideally positioned to increase its market share, and we are happy to endorse its ongoing expansion.”
Adam Maher, CEO of Ursa Space Systems, highlighted the significance of Horizon’s backing, stating, “We are thrilled to have Horizon’s support as we move forward with our satellite intelligence platform.” This collaboration enhances our capacity to provide innovative, real-time solutions to our growing customer base, thus advancing our goal of offering decision-makers globally unparalleled global monitoring services.
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