Horizon Technology Finance Provides $10 Million Venture Loan Facility to Ursa Space Systems
Horizon Technology Finance has provided a $10 million venture loan facility to Ursa Space Systems, a leading satellite intelligence company. Ursa Space serves government and commercial clients worldwide through an extensive virtual network of over 200 satellites, combining Synthetic Aperture Radar, Electro-Optical, and Radio Frequency data with AI-enabled processing. The company, backed by investors including Dorilton Capital, RRE Ventures, and Paladin Capital Group, will use the loan proceeds for general growth and working capital purposes. Ursa Space's platform provides access to over 55 million satellite images and delivers critical intelligence through custom solutions and subscription services.
Horizon Technology Finance ha fornito una linea di prestito per venture di 10 milioni di dollari a Ursa Space Systems, un leader nel settore dell'intelligenza satellitare. Ursa Space serve clienti governativi e commerciali in tutto il mondo attraverso un'ampia rete virtuale di oltre 200 satelliti, combinando dati da Radar ad Apertura Sintetica, Elettrico-Optico e Frequenza Radio con elaborazione potenziata dall'IA. L'azienda, sostenuta da investitori tra cui Dorilton Capital, RRE Ventures e Paladin Capital Group, utilizzerà i proventi del prestito per la crescita generale e per esigenze di capitale circolante. La piattaforma di Ursa Space offre accesso a oltre 55 milioni di immagini satellitari e fornisce intelligenza critica attraverso soluzioni personalizzate e servizi in abbonamento.
Horizon Technology Finance ha proporcionado una línea de préstamo de riesgo de 10 millones de dólares a Ursa Space Systems, una empresa líder en inteligencia satelital. Ursa Space atiende a clientes gubernamentales y comerciales en todo el mundo a través de una extensa red virtual de más de 200 satélites, combinando datos de Radar de Apertura Sintética, Electro-Ópticos y de Radiofrecuencia con procesamiento habilitado por IA. La compañía, respaldada por inversionistas como Dorilton Capital, RRE Ventures y Paladin Capital Group, utilizará los ingresos del préstamo para el crecimiento general y las necesidades de capital de trabajo. La plataforma de Ursa Space proporciona acceso a más de 55 millones de imágenes satelitales y entrega inteligencia crítica a través de soluciones personalizadas y servicios de suscripción.
Horizon Technology Finance는 1천만 달러의 벤처 대출 시설을 선도적인 위성 정보 회사인 Ursa Space Systems에 제공했습니다. Ursa Space는 인공지능(AI) 기반 처리와 함께 합성 개구 레이더, 전자 광학 및 라디오 주파수 데이터를 결합하여 200개 이상의 위성으로 구성된 광범위한 가상 네트워크를 통해 전 세계 정부 및 상업 고객을 지원합니다. Dorilton Capital, RRE Ventures, Paladin Capital Group과 같은 투자자들의 지원을 받는 이 회사는 대출 금액을 일반적인 성장 및 운영 자본 목적으로 사용할 예정입니다. Ursa Space의 플랫폼은 5,500만 개 이상의 위성 이미지에 대한 접근을 제공하며 맞춤 솔루션 및 구독 서비스를 통해 중요한 정보를 전달합니다.
Horizon Technology Finance a fourni une facilité de prêt de 10 millions de dollars à Ursa Space Systems, une entreprise leader dans le domaine de l'intelligence satellitaire. Ursa Space sert des clients gouvernementaux et commerciaux dans le monde entier via un vaste réseau virtuel de plus de 200 satellites, combinant des données de radar à ouverture synthétique, d'électro-optique et de fréquence radio avec un traitement alimenté par l'IA. L'entreprise, soutenue par des investisseurs comme Dorilton Capital, RRE Ventures et Paladin Capital Group, utilisera les fonds du prêt pour sa croissance générale et ses besoins en fonds de roulement. La plateforme d'Ursa Space offre un accès à plus de 55 millions d'images satellites et fournit des informations critiques grâce à des solutions sur mesure et des services d'abonnement.
Horizon Technology Finance hat eine Wagniskreditlinie von 10 Millionen US-Dollar an Ursa Space Systems, ein führendes Unternehmen für Satellitenintelligenz, bereitgestellt. Ursa Space bedient staatliche und kommerzielle Kunden weltweit über ein umfangreiches virtuelles Netzwerk von über 200 Satelliten und kombiniert Daten von synthetischer Aperturradar-, elektro-optischen und Funkfrequenzsystemen mit KI-gestützter Verarbeitung. Das Unternehmen, das von Investoren wie Dorilton Capital, RRE Ventures und Paladin Capital Group unterstützt wird, wird die Darlehensmittel für allgemeines Wachstum und Betriebskapital nutzen. Die Plattform von Ursa Space bietet Zugang zu über 55 Millionen Satellitenbildern und liefert kritische Informationen durch maßgeschneiderte Lösungen und Abonnementdienste.
- Secured $10 million in venture loan financing
- Access to extensive network of 200+ satellites
- Large database of 55+ million satellite images
- Backed by established venture capital firms
- Diversified revenue streams through custom solutions and subscription services
- None.
Insights
This
The satellite intelligence market shows robust growth potential, driven by increasing demand for real-time monitoring and analytics. Ursa's extensive satellite network and AI capabilities position it well for revenue expansion. For HRZN shareholders, this deal contributes to the company's interest income stream while maintaining their focus on technology sector lending.
Ursa Space's technology stack combines multiple satellite data sources (SAR, EO, RF) with AI processing - a sophisticated approach that differentiates it in the satellite intelligence market. Their access to 55 million+ satellite images and ability to provide all-weather monitoring creates a compelling competitive advantage. The AI-enabled automated change detection system addresses a critical market need for real-time intelligence.
The loan facility will help scale their infrastructure and enhance their subscription services model, which provides recurring revenue potential. The company's dual focus on government and commercial markets reduces sector-specific risks while maximizing market opportunities.
Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a
Ursa Space is a leading satellite intelligence company serving government and commercial clients worldwide, providing all-weather monitoring, analytics and imagery via an extensive virtual network of over 200 satellites. Its proprietary technology combines Synthetic Aperture Radar, Electro-Optical and Radio Frequency data with AI-enabled processing to deliver real-time automated change detection in the physical world. With access to over 55 million satellite images and advanced processing capabilities, the company’s tech-stack delivers critical and actionable intelligence through both custom solutions and subscription services. Ursa Space is backed by top-tier investors including Dorilton Capital, RRE Ventures and Paladin Capital Group. The company will use the loan proceeds for general growth and working capital purposes.
“Ursa Space stands at the forefront of satellite intelligence, delivering reliable, all-weather monitoring and rapid analysis capabilities that have proven invaluable,” said Gerald A. Michaud, President of Horizon. “With its sophisticated AI-enabled platform and proven track record for both governmental and commercial clients, Ursa Space is well-positioned to expand its market share, and we are pleased to support its continued growth.”
“We are excited to have Horizon’s support as we continue to advance our satellite intelligence platform,” stated Adam Maher, Chief Executive Officer of Ursa Space Systems. “This partnership strengthens our ability to deliver innovative, real-time solutions to our expanding customer base, thereby furthering our mission of providing decision-makers worldwide with unmatched global monitoring services.”
About Horizon Technology Finance
Horizon Technology Finance Corporation (NASDAQ: HRZN), externally managed by Horizon Technology Finance Management LLC, an affiliate of Monroe Capital, is a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries. The investment objective of Horizon is to maximize its investment portfolio’s return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Horizon is headquartered in
About Ursa Space Systems
Ursa Space Systems offers business and government decision-makers rapid access to advanced multi-modal satellite data and on-demand analytic solutions, detecting real-time changes in the physical world through its virtual satellite network and data fusion expertise. The company’s subscription and custom services enable access to satellite imagery and analytic results with no geographic, political, or weather-related limitations. To learn more, please visit www.ursaspace.com.
Forward-Looking Statements
Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company’s filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241107306563/en/
Investor Relations:
ICR
Garrett Edson
ir@horizontechfinance.com
(860) 284-6450
Media Relations:
ICR
Chris Gillick
HorizonPR@icrinc.com
(646) 677-1819
Source: Horizon Technology Finance Corporation
FAQ
What is the size of the venture loan facility Horizon Technology Finance (HRZN) provided to Ursa Space Systems?
How many satellites are in Ursa Space Systems' virtual network?
What will Ursa Space Systems use the HRZN loan proceeds for?
How many satellite images does Ursa Space Systems have access to?
