# Satsense

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

- Industry: Software
- Headquarters: Leeds, UK
- Website: www.satsense.com
- Total disclosed funding: $2.1M
- Latest round: Seed (Apr 13, 2021)
- Investors on record: 2

## About

Satsense Limited is a UK-based technology company specializing in satellite radar solutions for advanced ground movement assessment and monitoring, catering to various industries such as construction and infrastructure management.Founded in 2018 in Leeds, UK, Satsense Limited focuses on providing satellite-borne radar technology for deformation assessment. The company has raised GBP 1.5 million in Seed funding led by Mercia Asset Management. Tim Wright, the founder, has previously been involved in entrepreneurial ventures. Satsense Limited has executed 2 deals with the most recent deal dated April 13, 2021, raising funds for product development and team expansion.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. Clients benefit from tailored data delivery options, receiving updated movement data at customizable frequencies, and can access insights through a web-based portal, GIS files, or API integrations, thereby enhancing data accessibility and utility in decision-making processes.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. The transactions are primarily B2B, focusing on partnerships with industries such as construction, civil engineering, and environmental monitoring, where the need for reliable ground movement assessment is paramount.Following the most recent deal on April 13, 2021, in which Satsense Limited raised GBP 1.5 million in Seed funding, the company plans to utilize the funds for product development and to expand its team. This funding will support the launch of new products aimed at enhancing their satellite monitoring capabilities and increasing operational efficiency. Additionally, Satsense aims to expand into new geographic markets, with a focus on increasing their presence in North America and Europe by late 2023.

## Funding rounds

- Seed, Apr 13, 2021, $2.1M — Mercia Asset Management, Future Fund

## Investors

- Mercia Asset Management (https://capitalatlas.ai/funds/mercia-asset-management) — Seed
- Future Fund — Seed