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PredaSAR Completes $25 Million Seed Round, Names Former USAF General as CEO

4 Mar 2020, 11:11 UTC
PredaSAR Completes $25 Million Seed Round, Names Former USAF General as CEO
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BOCA RATON, Fla. (PredaSAR PR) – PredaSAR Corporation (“PredaSAR” or “the Company”), which is building and will operate the world’s largest and most advanced commercially operated Synthetic Aperture Radar (SAR) satellite constellation, announced today that it successfully completed a $25 million seed financing round. Funds were raised from a diverse network of global institutional investors, including Miami-based lead investor, Rokk3r Fuel. The Company also named retired Air Force Major General Roger W. Teague as Chief Executive Officer, effective today.

Synthetic Aperture Radar is an advanced form of radar used to create 2-D images or 3-D reconstructions of objects. Overcoming the limitations of traditional optical satellites, SAR provides high-resolution images, irrespective of time of day or weather conditions. Recent advancements in engineering, manufacturing and the way SAR data is collected and processed, have decreased the size, weight, power consumption and cost of SAR systems. At the same time, the capabilities of SAR have increased so that data can be sent to the ground in virtual real time to support mission-critical commercial and military applications.

“There is an ever-increasing demand for low-latency SAR data. PredaSAR’s pending constellation will feature constant image capture to end users, resulting in the most powerful small-satellite SAR ...

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