Ursa Space Systems

Ursa Space Systems is a geospatial intelligence company based in the US that provides real-time change detection solutions through its virtual satellite network and data fusion technology. The company specializes in synthetic aperture radar (SAR) data applications, offering insights derived from satellite imagery analysis. Its core offerings include weekly oil inventory reports for various regions globally, enabling users to recalibrate expectations about oil supply and demand conditions. Ursa's technology leverages machine vision and machine learning algorithms to convert satellite imagery into actionable data products for decision-makers across industries such as energy, finance, supply chain, logistics, and insurance. In March 2022, the company published a detailed product catalog outlining its full range of capabilities.

Ursa Space Systems was founded in 2017 and is headquartered in Ithaca, New York. The company has raised funding through multiple rounds, including a USD 7 million Series A led by Paladin Capital Group in October 2017, USD 15 million in a Series B round led by Razor's Edge Ventures in November 2019, and the first close of its USD 16 million Series C round led by Dorilton Ventures in March 2022. Ursa's virtual constellation comprises over 10 million SAR images and continues to grow, enabling analysis under any geographic, political, or weather conditions.

Key customers and partnerships

In August 2022, Ursa Space entered into an agreement with EOS Data Analytics to provide geospatial intelligence in Ukraine. This collaboration leveraged Ursa's global imagery and analytics orchestration capabilities combined with EOS Data Analytics' local knowledge and infrastructure to deliver critical insights regarding vital infrastructure, energy sources, agriculture, and other essentials in the region.

In March 2024, Ursa Space partnered with MAIAR, a UK small business specializing in defense intelligence, to enhance geospatial and open-source analytics for NATO and the UK Ministry of Defence. This partnership aimed to expedite delivery times and increase the magnitude of results for UK and NATO customers by combining MAIAR's expertise in mission intricacies and Ursa's cutting-edge analytics platform.