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...
Mtor Secures $2.8 Million Pre-Seed Funding to Revolutionize Egypt’s Automotive Aftermarket Industry
Egyptian online auto parts marketplace Mtor has secured $2.8 million in pre-seed funding, led by venture capital firm Algebra Ventures, with participation from notable investors, including Dutch Founders Fund (DFF), Aditum Ventures, LoftyInc Capital Management, and several prominent local and global angel investors.
Egyptian Edtech Startup iSchool Raises $4.5 Million for Global Expansion
Egypt-based edtech startup iSchool has secured $4.5 million in a funding round to fuel its global expansion, with plans to establish a new team in Dublin, Ireland.
Egyptian Fintech Startup Bokra Secures $4.6 Million to Disrupt Wealth Management in MENA
Bokra, an Egyptian fintech company, has successfully closed a pre-seed funding round of $4.6 million.
