Alpha Insights Announces Acquisition of SAR-XL Technology and Investment from Prime Movers Lab
New synthetic-aperture radar (SAR) technology will deliver unmatched insights addressing environmental study, precision agriculture, logistics, military, insurance, market analysis, and more.
VANCOUVER, BC, Feb. 10, 2021 | Alpha Insights, a developer of groundbreaking high-resolution, dual-band synthetic aperture radar (SAR), has announced a seed investment from Prime Movers Lab, an investor in breakthrough scientific startups that will revolutionize the world’s most important industries and transform billions of lives, to advance its new SAR-XL innovation offering. The funds will be used to scale the team while working toward the launch of Alpha Insights’ initial space program following the acquisition of the SAR-XL technology and engineering team.
Synthetic aperture radar generates a geospatial dataset that is used in the maritime, infrastructure, environmental, and insurance industries, among many others. Alpha Insights’ patented technology is unique in it is both fully digital and dual band. The result is a satellite payload that not only provides wide area coverage but also an ultra-high resolution SAR image at 0.40 meters. Further, utilizing proprietary AI, and self cueing in conjunction with the dual bands, real-time object identification and analysis is achieved, another industry first.
“We are thrilled to be leading Alpha Insights’ seed funding round,” said Anton Brevde, Partner, Prime Movers Lab. “As proponents of the NewSpace market, and the future space economy, we have been closely tracking SAR innovation, and we believe that Alpha Insights’ approach and technology will be a game changer for Earth observation.”
“We are immensely thankful for the ongoing support from Prime Movers Lab,” said Scott Larson, Co-founder and CEO, Alpha Insights. “Over $65 million has been invested in SAR-XL to date. This new investment will help transition the team, and bolster our engineering, while becoming flight-ready.”
The combination of X and L bands, working in tandem, provides a rich dataset that can not only image through clouds and at night, but also through trees, foliage, and even into biomass. The SAR-XL technology will survey, identify, and even classify objects in real-time and on a global scale. With unprecedented, information-rich geospatial products, Alpha Insights is part of an expanding SAR market that Mordor Intelligence projects will reach $6.5 billion by 2026.
About Alpha Insights
Alpha Insights (SpaceAlpha Insights Corp.) is a developer of groundbreaking high-resolution, dual-band synthetic aperture radar (SAR). Through broad coverage, and real-time data analysis, our pioneering technology and analytics platform will provide unprecedented data and analysis using X and L bands together with real-time onboard processing. Intelligence will be delivered instantly for near limitless applications related to agriculture, environmental study, security, military, insurance, infrastructure, logistics, market analysis, and more.
About Prime Movers Lab
Prime Movers Lab invests in breakthrough scientific startups founded by Prime Movers, the inventors who transform billions of lives. We invest in seed-stage companies reinventing human augmentation, energy, transportation, infrastructure, manufacturing, and agriculture. Prime Movers Lab is well-positioned to be of service to entrepreneurs and young companies in the commercialization journey from discovery to real world purpose. For more information, visit: www.primemoverslab.com.