Satsense

Founded in 2018 in Leeds, UK, Satsense Limited focuses on providing satellite-borne radar technology for deformation assessment. Tim Wright, the founder, has previously been involved in entrepreneurial ventures.SatSense specializes in advanced deformation assessment and monitoring services utilizing satellite-borne radar technology. Their core offering, the Assess, Monitor and Alert Software, empowers clients to accurately identify and analyze ground movement risks. By filtering movements based on aspects such as bending, acceleration, and heave, SatSense enables end-users—ranging from construction firms to infrastructure managers—to assess site stability and pinpoint locations necessitating further investigation or maintenance. The company’s services support various geographical markets, including urban and rural areas across Europe and North America, with capabilities to monitor areas from the size of individual properties to nationwide expanses, covering the period from 2015 to the present.SatSense’s revenue model primarily revolves around subscription-based services for their satellite monitoring solutions, allowing clients to access ongoing deformation data and analysis. Clients typically engage in annual contracts that grant them the ability to set custom thresholds for alerts regarding excessive movement, thus ensuring timely intervention to protect their assets. The pricing structure includes various tiers based on the frequency of data updates and the extent of monitored areas, enabling flexibility to meet different client needs. For instance, clients may choose to receive weekly updates for high-risk sites or opt for annual reports for less critical areas. Additionally, Satsense aims to expand into new geographic markets, with a focus on increasing their presence in North America and Europe by late 2023.

1. Seed

   Apr 13, 2021

   Amount

   $2.1M

   Investors

   Locked