Horizon Technology Finance Corporation (an affiliate of Monroe Capital and a leading specialty finance company that offers capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries) announced it has provided a $10 million venture loan facility to Ursa Space Systems.
Ursa Space is a satellite intelligence company serving government and commercial clients worldwide, offering all-weather monitoring, analytics and imagery via an extensive virtual network of over 200 satellites. And its proprietary technology combines Synthetic Aperture Radar, Electro-Optical and Radio Frequency data with AI-enabled processing to deliver real-time automated change detection in the physical world. With access to 55+ million satellite images and advanced processing capabilities, the company’s tech-stack delivers critical and actionable intelligence through both custom solutions and subscription services.
Ursa Space is backed by top-tier investors such as Dorilton Capital, RRE Ventures and Paladin Capital Group. The company will use the loan proceeds for general growth and working capital purposes.
KEY QUOTES:
“Ursa Space stands at the forefront of satellite intelligence, delivering reliable, all-weather monitoring and rapid analysis capabilities that have proven invaluable. With its sophisticated AI-enabled platform and proven track record for both governmental and commercial clients, Ursa Space is well-positioned to expand its market share, and we are pleased to support its continued growth.”
– Gerald A. Michaud, President of Horizon
“We are excited to have Horizon’s support as we continue to advance our satellite intelligence platform. This partnership strengthens our ability to deliver innovative, real-time solutions to our expanding customer base, thereby furthering our mission of providing decision-makers worldwide with unmatched global monitoring services.”
– Adam Maher, Chief Executive Officer of Ursa Space Systems
