Riyadh – Mubasher: SARsatX, a Saudi-based space technology startup specializing in Synthetic Aperture Radar (SAR), closed a $2.6 million seed funding round, led by TONOMUS and Wa’ed Ventures, the $500 million venture capital arm of Aramco.
Access Bridge Ventures and KAUST Innovation Ventures also participated in the fundraising transaction, which marks a key milestone for the Kingdom’s emerging NewSpace sector, according to a press release.
The startup will use the funding to enhance its technological edge, expand deployment of SAR-based EO solutions, and position Saudi Arabia as a key player in the commercial space sector.
SARsatX is focused on building small satellites equipped with SAR capabilities for Earth Observation (EO).
The startup provides near-real-time satellite data within four hours, serving use cases across deforestation monitoring, oil leak detection, disaster response, urban development, and border security.