New Investments
South African Satellite Tech Company Simera Sense Secures $14.5 Million Funding For Growth
The funding will also be invested in developing new offerings to cater to growing customer needs and enhancing efficiency to deliver products faster.
Simera Sense, founded in 2018, offers a range of high-resolution cameras used in the global small satellite industry.
“This funding is a crucial step in addressing the increasing demand for our solutions,” said Johann du Toit, CEO of Simera Sense.
Simera Sense’s growth trajectory reflects the booming Earth observation market, expected to reach $20.73 billion by 2029.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Egyptian Startup Swypex Launches All-in-One Financial Platform for Businesses After $4 Million Seed Round
Egyptian startup Swypex has unveiled its one-stop financial management platform designed to streamline business operations.
Accion Launches $152.5 Million Fund to Drive Digital Transformation for Financial Inclusion in Africa
Accion, a non-profit focused on financial inclusion, has announced the launch of the Accion Digital Transformation Fund, a $152.5 million initiative designed to empower traditional financial institutions in serving underserved small businesses.
IFC Invests $10.5 Million in 4DX Ventures to Boost African Tech Startups
The International Finance Corporation (IFC) has announced a $10.5 million investment in 4DX Ventures, a venture capital firm supporting early-stage tech companies in Africa.