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Irvine California based PredaSAR is raising $25,000,000.00 in New Equity Investment.

Irvine California based PredaSAR is raising $25,000,000.00 in New Equity Investment.

March 13, 2020 Craig Etkin

Irvine, CA – According to filings with the U.S. Securities and Exchange Commission, PredaSAR is raising $25,000,000.00 in new funding. Sources indicate as part of senior management President, Marc Bell played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About PredaSAR

Founded in 2019 and headquartered in Boca Raton, Florida, PredaSAR Corporation is an emerging small satellite data provider building, and ultimately operating, the world’s largest and most advanced, commercial Synthetic Aperture Radar (SAR) satellite constellation. 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.

To learn more about PredaSAR, visit http://predasar.com/

Contact:
Marc Bell, President
561-988-1701
https://www.linkedin.com/in/marcbellmiami/

SOURCE: http://www.intelligence360.io
Copyright (c) 2020 SI360 Inc. All rights reserved


Venture Capital
5945, California, Irvine, Orange County, PredaSAR, Venture Capital

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