# iQPS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iqps

- Industry: Aerospace
- Headquarters: Fukuoka, Japan
- Website: www.i-qps.net
- Total disclosed funding: $72M
- Latest round: Series B (Feb 8, 2022)
- Investors on record: 14

## About

Founded in 2005 and in Fukuoka, Japan, iQPS Inc., known as Institute for Q-shu Pioneers of Space, Inc., a company that develops, builds, sells, and operates satellites and related equipment. This includes satellite hardware, electronic and precision instruments, ground systems, software, and communication networks. The company covers the full lifecycle of satellite technology from development and operation to data services, consulting, and education. In March 2026, SKY Perfect JSAT, Mitsuuroko Group Holdings Co.,Ltd. and Mitsui Sumitomo Insurance acquired a 18.23% minority stake in Institute for Q-shu Pioneers of Space, Inc. from unspecified sellers for JPY billion 15.242, or JPY 2,088 per share, in a PIPE transaction.

QPS Inc. specializes in the development of high-resolution small radar satellites under its flagship product line known as QPS-SAR. The primary service offered involves providing Synthetic Aperture Radar (SAR) imagery that enables detailed observation of various targets, regardless of nighttime or adverse weather conditions. This functionality is crucial for various applications, including environmental monitoring, disaster response, urban planning, and agricultural assessment. By 2027, the company aims to establish a satellite constellation consisting of 24 satellites, expanding to 36, which will facilitate a "quasi-real-time data provision service" capable of observing specific regions worldwide at an average interval of 10 minutes. The customer base includes governmental agencies, research institutions, and commercial sectors across global markets, particularly in Asia, Europe, and North America, where demand for high-resolution satellite data is consistently growing.iQPS Inc. generates revenue primarily through partnerships and direct sales of its satellite imagery services to a diverse clientele, including governmental and non-governmental organizations, as well as private enterprises. The company’s offerings are structured as subscription-based services, allowing clients access to real-time data and periodic updates based on their specific needs. Additionally, the company engages in B2B transactions, where tailored solutions for large-scale monitoring projects are developed and priced accordingly. While specific pricing plans for the QPS-SAR services are proprietary, the revenue model may involve tiered subscriptions based on the frequency and resolution of data required.

The company plans to use the March 2026 funding to further enhancing its competitiveness, as well as promoting mass production and ongoing launches.

## Funding rounds

- Series B, Feb 8, 2022, $9.1M — SMBC Nikko Securities, SPARX Group, Mizuho Capital, Oita Venture Capital, YMFG Capital
- Series B, Dec 9, 2021, $34M — Mitsui Sumitomo Insurance Venture Capital, Mitsubishi UFJ Capital, SMBC Venture Capital, SPARX Group, SKY Perfect JSAT Corporation, UntroD Capital, FFG Venture Business Partners, Nippon Koei Co., Ltd.
- Series A, Nov 5, 2020, $29M — Mitsui Sumitomo Insurance Venture Capital, INCJ, Mitsubishi UFJ Capital, SMBC Venture Capital, SPARX Group, UntroD Capital, Oita Venture Capital, FFG Venture Business Partners, Beta Venture Capital

## Investors

- Mitsui Sumitomo Insurance Venture Capital (https://capitalatlas.ai/funds/mitsui-sumitomo-insurance-venture-capital) — Series A, Series B
- INCJ — Series A
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series A, Series B
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series A, Series B
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series A, Series B
- UntroD Capital — Series A, Series B
- Oita Venture Capital (https://capitalatlas.ai/funds/oita-venture-capital) — Series A, Series B
- FFG Venture Business Partners (https://capitalatlas.ai/funds/ffg-venture-business-partners) — Series A, Series B
- Beta Venture Capital (https://capitalatlas.ai/funds/beta-venture-capital) — Series A
- SKY Perfect JSAT Corporation — Series B
- Nippon Koei Co., Ltd. — Series B
- SMBC Nikko Securities — Series B
- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Series B
- YMFG Capital (https://capitalatlas.ai/funds/ymfg-capital) — Series B