PierSight, an ocean surveillance startup, has secured $600,000 in a pre-seed round led by All In Capital. Early-stage startup investment firms, accelerator Techstars, entrepreneurs and angel investors like Andreas Klinger, Vismay Agrawal, and Nikunj Jalan also participated in the round.
The Ahmedabad-based startup will utilize the funds to enhance its satellite subsystems by strengthening its talent base and procuring key electronic components for integration and comprehensive testing. It also has plans to improve its technology readiness. It seeks partnerships with organizations in the social and environmental sectors for problem-solving, developing prototypes, and collaborating on studies.
“PierSight stands out as an extraordinary combination of profound technical expertise and sharp business insight. We are particularly excited about their pioneering approach in harnessing defence technology, specifically SAR (Synthetic Aperture Radar), to achieve persistent ship monitoring,” Kushal Bhagia, Founder of All In Capital, said.
Gaurav Seth (Ex-ISRO) and Vinit Bansal (Ex-National Instruments) co-founded PierSight, a company with a mission to offer persistent ocean surveillance using a constellation of SAR imaging and Automatic Identification System satellites. SAR technology enables precise imaging under various weather conditions and during nighttime. PierSight aims to monitor maritime operations at 30-minute intervals continuously.
