THE BRIDGE

tag Synspective

Japan satellite startup Synspective launches ground deformation monitoring solution

SHARE:

Synspective is building a constellation system for earth observation mini-satellites employing Synthetic Aperture Radar (SAR) and integrates SAR data with a variety of ground truth data. The Japanese startup launched today a new service called Land Displacement Monitoring, which enables millimeter-scale ground deformation monitoring over wide areas based on image analysis of SAR satellites. Traditionally, understanding the risk of land settlement and landslide risk over wide areas has required a lot of time and effort. The service can be used to reduce the cost and time involved in observing and managing the risk of ground deformation and can be used to manage risks associated with construction projects, airport maintenance and underground construction, the company said. Synspective has been conducting Proof-of-Concept (PoC) projects with several companies as well as the Singapore Land Authority. Based on the feedback from these early users, the service has been improved and its user-friendly web-based interface requires no installation of software and has now allowed even users who are less familiar with satellite data to intuitively understand the results of the analysis. Synspective was founded in February of 2018 by CEO Motoyuki Arai and co-founder/managing director Seiko Shirasaka (Shirasaka is a professor at System Design and…

Land Displacement Monitoring
Image credit: Synspective

Synspective is building a constellation system for earth observation mini-satellites employing Synthetic Aperture Radar (SAR) and integrates SAR data with a variety of ground truth data. The Japanese startup launched today a new service called Land Displacement Monitoring, which enables millimeter-scale ground deformation monitoring over wide areas based on image analysis of SAR satellites.

Traditionally, understanding the risk of land settlement and landslide risk over wide areas has required a lot of time and effort. The service can be used to reduce the cost and time involved in observing and managing the risk of ground deformation and can be used to manage risks associated with construction projects, airport maintenance and underground construction, the company said.

Synspective has been conducting Proof-of-Concept (PoC) projects with several companies as well as the Singapore Land Authority. Based on the feedback from these early users, the service has been improved and its user-friendly web-based interface requires no installation of software and has now allowed even users who are less familiar with satellite data to intuitively understand the results of the analysis.

Synspective was founded in February of 2018 by CEO Motoyuki Arai and co-founder/managing director Seiko Shirasaka (Shirasaka is a professor at System Design and Management, Keio University). The company announced about $80 million funding in a series A round last year, which let them make the fastest record in terms of securing such a large amount funds in such a short period since the launch of a company according to a report by Japanese space business consultancy CSP Japan.

Synspective signed agreements with Arianespace in April of 2019 and with RocketLab in April this year for the launch of its StriX-alpha SAR satellites, which is scheduled to be launched by the end of this year. The company plans to build a constellation of these satellites to offer high-frequency and stable monitoring service leveraging it.

Synspective plans to launch one small SAR satellite by 2020, six satellites by 2022, and 25 satellites after that. So far, the company has secured funds enough for six satellites in operation, which will enable on-demand earth observation at least one time a day for 99 cities with an over-one million population in Asia.

Synspective nabs $100M in 17 months since founding, targets 6 mini-sats launch by 2022

SHARE:

See the original story in Japanese. Tokyo-based aerospace startup Synspective announced today that it has secured 8.67 billion yen (about $80 million US) in a series A round. This follows their previous round securing 300 million yen (about $2.8 million US) from uTokyo Innovation Platform (uTokyoIPC), Jafco and among other investors back in December. Alongside with their past funding from Abies Ventures, a deeptech-focused fund led by Japanese renowned entrepreneur/investor Taizo Son, the latest round brought the startup’s funding to 10.9 billion yen (about $100 million US). Japanese space business consultancy CSP Japan reported this is the fastest record in terms of securing such a large amount funds in such a short period since the launch of a company. Investors participating in this round are as follows (Jafco, uTokyoIPC, and Abies Ventures have participated in the previous round). The latest round is led by aSTART, which launched $46 space tech fund earlier this year and has participated in series C and D rounds for Astroscale, a Japanses startup known for its space-debris removal technology. aSTART Shimizu Corporation (TSE:1803, Japanese major construction company) Jafco (TSE:8595, investment company) uTokyo Innovation Platform (uTokyoIPC) Keio Innovation Initiative (KII, investment arm of Keio University) Abies…

synspective-founders-investors-team
Synspective’s founders and investors participating in this round
Image credit: Masaru Ikeda

See the original story in Japanese.

Tokyo-based aerospace startup Synspective announced today that it has secured 8.67 billion yen (about $80 million US) in a series A round. This follows their previous round securing 300 million yen (about $2.8 million US) from uTokyo Innovation Platform (uTokyoIPC), Jafco and among other investors back in December.

Alongside with their past funding from Abies Ventures, a deeptech-focused fund led by Japanese renowned entrepreneur/investor Taizo Son, the latest round brought the startup’s funding to 10.9 billion yen (about $100 million US). Japanese space business consultancy CSP Japan reported this is the fastest record in terms of securing such a large amount funds in such a short period since the launch of a company.

Investors participating in this round are as follows (Jafco, uTokyoIPC, and Abies Ventures have participated in the previous round). The latest round is led by aSTART, which launched $46 space tech fund earlier this year and has participated in series C and D rounds for Astroscale, a Japanses startup known for its space-debris removal technology.

  • aSTART
  • Shimizu Corporation (TSE:1803, Japanese major construction company)
  • Jafco (TSE:8595, investment company)
  • uTokyo Innovation Platform (uTokyoIPC)
  • Keio Innovation Initiative (KII, investment arm of Keio University)
  • Abies Ventures
  • Innovations and Future Creation (investment arm of Tokyo Institute of Technology)
  • Mitsubishi UFJ Trust and Banking
  • Fuyo General Lease (TSE:8424)
  • Mori Trust (real estate developer owning many commercial buildings in Japanese major cities)
  • SBI Investment (SBI AI & Blockchain)
  • Mizuho Capital
synspective-series-a-round-motoyuki-arai
Synspective CEO Motoyuki Arai
Image credit: Masaru Ikeda

Synspective was founded in February of 2018 by CEO Motoyuki Arai and co-founder/managing director Seiko Shirasaka (Shirasaka is a professor at System Design and Management, Keio University). Arai was previously working for an American accounting firm while attending the University of Tokyo where he obtained a PhD for Technology Management for Innovation. Subsequently, he was involved in assisting Saudi Arabia to implement renewable energy systems as well as working with the Japanese Ministry of Economy, Trade, and Industry to help Japanese companies expand into this region.

Synspective is building a constellation system for earth observation mini-satellites employing Synthetic Aperture Radar (SAR) and integrates SAR data with a variety of ground truth data. Using machine learning and other engineering techniques, the startup extracts meaning and context from the data to provide solutions to meet clients’ problems.

Developing a SAR mini-satellite requires a high degree of difficulty in engineering while SAR data processing does special expertise. The company has enables these challenges by placing research teams and data scientists in both departments of satellite development and satellite image analysis, alongside with assistance from mini-satellite developers engineers participating in ImPACT, a disruptive technologies development initiative by the Japanese Cabinet Office.

Synspective thinks their use case include developing mining resources, monitoring infrastructure construction and fraud in developing countries, and preventing disaster damage. The company announced in April that it has agreed to Arianespace regarding the launch of the former’s mini-satellite StriX-α.

synspective-sar-comparison
Comparison of conventional earth observation satellites and Synspective’s StriX.
Image credit: Masaru Ikeda

At the press briefing today, CEO Arai revealed that the company plans to launch one satellite by 2020, six satellites by 2022, and then 25 satellites later on. He said six satellites in operation enables on-demand earth observation at least one time a day for 99 cities with an over-one million population in Asia while 25 satellites in operation can cover 292 cities in the same population scale worldwide. They claim that the latest funding secures the cost for up to the launch of six satellites by 2022 and solution development.

In this space, we have seen active Japanese startups including SAR satellite developer iQPS and satellite image analyzer Sigma-SAR.

See also: